Award

Virtual Wallet - Personal Budget System

CORNWALL COUNCIL

This public procurement record has 1 release in its history.

Award

12 Mar 2026 at 14:55

Summary of the contracting process

The procurement process titled "Virtual Wallet - Personal Budget System" involves Cornwall Council as the buying organisation, located in Truro, England. This tender, categorized under Software package and information systems, focuses on providing a digital platform for managing personal budgets. The award stage has been reached, with an active status published on 12th March 2026. Key dates include the tender period ending on 2nd March 2026 and the contract lasting from 12th March 2026 to 11th March 2030. The procurement method followed an open procedure, potentially offering significant business opportunities.

This tender presents opportunities for growth, especially for small and medium enterprises (SMEs) adept in software development, owing to its suitability for SMEs. Companies specializing in digital platforms and financial management systems stand to benefit from competing for similar contracts, with People, Places, Lives Limited already awarded as the supplier. The focus on establishing an online system for personal budget management implies lucrative prospects for innovative companies in the tech industry looking to expand their offerings in digital services for public sector clients.

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Notice Title

Virtual Wallet - Personal Budget System

Notice Description

Virtual Wallet - a stand-alone digital platform to host all required personal budget service models i.e. direct payments, in-house managed accounts The platform will facilitate the payment mechanisms for personal budgets, providing an online platform akin to an online bank account with a curated e-marketplace through which care and support services can be accessed and where budgets can be managed and monitored.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-609a4bd2-ebb1-4262-9bea-e6fb39f7ccbb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8d0ccacb-e06d-441a-a80b-86da26d3fdde
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
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
£408,500 £100K-£500K
Lots Value
Not specified
Awards Value
£408,500 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Mar 20262 days ago
Submission Deadline
2 Mar 2026Expired
Future Notice Date
Not specified
Award Date
2 Mar 20261 weeks ago
Contract Period
12 Mar 2026 - 11 Mar 2030 4-5 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
CORNWALL COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
TRURO
Postcode
TR1 3AY
Post Town
Truro
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK3 Cornwall and Isles of Scilly
Small Region (ITL 3)
TLK30 Cornwall and Isles of Scilly
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
Cornwall
Electoral Ward
Truro Boscawen & Redannick
Westminster Constituency
Truro and Falmouth

Supplier Information

Number of Suppliers
1
Supplier Name

PEOPLE, PLACES, LIVES

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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