Award

Bank Wizard Subscription

FINANCIAL SERVICES COMPENSATION SCHEME LIMITED

This public procurement record has 1 release in its history.

Award

01 Feb 2022 at 22:13

Summary of the contracting process

The Financial Services Compensation Scheme Limited has completed the public procurement process for a tender titled "Bank Wizard Subscription". This initiative falls under the software package and information systems category, with a total contract value of £37,556.02. The procurement method was a direct award through a single tender action, classified as below threshold. The contract period commenced on 31st December 2021 and will conclude on 30th December 2022. The tender was active until 30th December 2021, situated in the United Kingdom, and was managed through the award stage, with the contract awarded to Experian Limited.

This procurement opportunity is particularly suitable for small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) involved in software solutions. Businesses that specialise in validating electronic payment systems or banking software could find this a valuable opportunity to expand their presence in the financial services sector. Engaging with the Financial Services Compensation Scheme Limited may lead to further contracts in a growing market with increasing demand for reliable payment validation solutions.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Bank Wizard Subscription

Notice Description

Performs a modulus check to validate bank account and sort codes for all electronic payments. Faster Payment module used to verify Faster Payments can be processed by the customers bank and validates the account.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-29f3849b-dd0b-4944-bb8b-79783d53083d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/decb8498-9fb0-4fee-a0ab-b01d943dda80
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48000000 - Software package and information systems

Notice Value(s)

Tender Value
£37,556 Under £100K
Lots Value
Not specified
Awards Value
£37,556 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
1 Feb 20224 years ago
Submission Deadline
30 Dec 2021Expired
Future Notice Date
Not specified
Award Date
30 Dec 20214 years ago
Contract Period
31 Dec 2021 - 30 Dec 2022 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
FINANCIAL SERVICES COMPENSATION SCHEME LIMITED
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
EC3A 7QU
Post Town
Central 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
City of London
Electoral Ward
Portsoken
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

EXPERIAN

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-29f3849b-dd0b-4944-bb8b-79783d53083d-2022-02-01T22:13:20Z",
    "date": "2022-02-01T22:13:20Z",
    "ocid": "ocds-b5fd17-29f3849b-dd0b-4944-bb8b-79783d53083d",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "FSCS SS 191.02",
        "title": "Bank Wizard Subscription",
        "description": "Performs a modulus check to validate bank account and sort codes for all electronic payments. Faster Payment module used to verify Faster Payments can be processed by the customers bank and validates the account.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "48000000",
            "description": "Software package and information systems"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 37556.02,
            "currency": "GBP"
        },
        "procurementMethod": "direct",
        "procurementMethodDetails": "Single tender action (below threshold)",
        "tenderPeriod": {
            "endDate": "2021-12-30T00:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2021-12-31T00:00:00Z",
            "endDate": "2022-12-30T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": true
        },
        "mainProcurementCategory": "goods"
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/t7A7KJFS",
            "name": "FINANCIAL SERVICES COMPENSATION SCHEME LIMITED",
            "identifier": {
                "legalName": "FINANCIAL SERVICES COMPENSATION SCHEME LIMITED",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/t7A7KJFS"
            },
            "address": {
                "streetAddress": "10th Floor Beaufort House",
                "locality": "London",
                "postalCode": "EC3A 7QU",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Chris Sutherland",
                "email": "Procurement@fscs.org.uk",
                "telephone": "0207 375 8194"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-00653331",
            "name": "EXPERIAN LIMITED",
            "identifier": {
                "legalName": "EXPERIAN LIMITED",
                "scheme": "GB-COH",
                "id": "00653331"
            },
            "address": {
                "streetAddress": "Landmark House,Ng2 Experian Way Business Park NOTTINGHAM Nottinghamshire NG80 1ZZ GB"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/t7A7KJFS",
        "name": "FINANCIAL SERVICES COMPENSATION SCHEME LIMITED"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-29f3849b-dd0b-4944-bb8b-79783d53083d-1",
            "status": "active",
            "date": "2021-12-30T00:00:00Z",
            "datePublished": "2022-02-01T22:13:20Z",
            "value": {
                "amount": 37556.02,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-00653331",
                    "name": "EXPERIAN LIMITED"
                }
            ],
            "contractPeriod": {
                "startDate": "2021-12-31T00:00:00Z",
                "endDate": "2022-12-30T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/decb8498-9fb0-4fee-a0ab-b01d943dda80",
                    "datePublished": "2022-02-01T22:13:20Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}