Award

Provision of Fintech Software Development

UK EXPORT FINANCE

This public procurement record has 1 release in its history.

Award

20 Mar 2025 at 16:08

Summary of the contracting process

UK Export Finance (UKEF) has completed the procurement process for the provision of fintech software development services, with the project titled "Provision of Fintech Software Development". The procurement falls under the IT services industry category, specifically consulting, software development, Internet, and support (CPV code 72000000). The service location is the United Kingdom. The tender reached the award stage with the contract period slated to start on 20 February 2025 and end on 14 February 2027. The process utilised a selective procurement method via a call-off from a framework agreement, with a significant contract value amounting to £2,584,341. Key dates included the end of the tender period on 20 December 2024 and the award date on 19 February 2025.

This tender presents substantial opportunities for businesses specialising in fintech software development, particularly those capable of delivering services such as platform development and maintenance using Node JS. Small and medium-sized enterprises (SMEs) are particularly suitable to compete for such contracts given UKEF's suitability criteria. Engaging in this project can offer businesses the chance to work on a high-value contract with a reputable government entity, potentially enhancing their portfolio and fostering growth in the fintech domain. The awarded supplier, Softwire Technology Limited, showcases the calibre of businesses poised to benefit from such opportunities.

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Notice Title

Provision of Fintech Software Development

Notice Description

UKEF require a new platform(s) to store data and manage information to be built in compliance with the specification and functional requirements in Schedule 1 using Node JS. The contract shall be used to call off consultancy days relating to the build maintenance and improvement of the platform(s) and other UKEF Fintech programme requirements.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-114d9870-e6d1-4bdb-89bf-f19666585100
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/88344720-9460-4830-91e9-a6116dd46728
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support


CPV Codes

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£2,584,341 £1M-£10M
Lots Value
Not specified
Awards Value
£2,584,341 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
20 Mar 202511 months ago
Submission Deadline
20 Dec 2024Expired
Future Notice Date
Not specified
Award Date
19 Feb 20251 years ago
Contract Period
20 Feb 2025 - 14 Feb 2027 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
UK EXPORT FINANCE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1A 2HQ
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

SOFTWIRE TECHNOLOGY

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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