Award

UC Open Banking Proof of Concept

DEPARTMENT FOR WORK AND PENSIONS

This public procurement record has 1 release in its history.

Award

02 Aug 2024 at 14:29

Award Notice
Summary of the contracting process

The Department for Work and Pensions (DWP) has awarded a contract for the supply of an Open Banking Proof of Concept. This procurement falls under the industry category of technical services, with a classification of CPV 71356000. The contract, valued at £104,184, commenced on 26th May 2024 and will run until 30th November 2024. The project is intended to be delivered across various locations, including the British Overseas Territories, Channel Islands, Europe, Isle of Man, the United Kingdom, and other global regions. This procurement process was conducted through a direct, single tender action below the threshold, and the award notice was published on 2nd August 2024.

This tender provides a significant opportunity for businesses specialising in technical services, particularly those experienced in financial technology and open banking solutions. Although the procurement method was a direct award, similar contracts in the future may be open to competitive bidding, offering growth opportunities for firms that can deliver innovative proof-of-concept projects. Large enterprises with the capability to handle extensive, geographically diverse implementations will find themselves well-suited for such contracts, especially those aiming to collaborate with high-profile governmental departments like the DWP.

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Notice Information

Notice Title

UC Open Banking Proof of Concept

Notice Description

The supply of Open Banking Proof of Concept to the Department for Work and Pensions

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4c898375-88fd-4a5f-b0bf-54e3f9ba5f6f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ac8a4c47-867c-48ef-bfea-93a5dbf120a7
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

71 - Architectural, construction, engineering and inspection services

CPV Codes

71356000 - Technical services

Notice Value(s)

Tender Value
£104,184 £100K-£500K
Lots Value
Not specified
Awards Value
£104,184 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Aug 20241 years ago
Submission Deadline
25 May 2024Expired
Future Notice Date
Not specified
Award Date
24 May 20241 years ago
Contract Period
25 May 2024 - 30 Nov 2024 6-12 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR WORK AND PENSIONS
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
SW1H 9NA
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

ECOSPEND TECHNOLOGIES

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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