Award

Bank wizard

POST OFFICE

This public procurement record has 1 release in its history.

Award

02 Feb 2025 at 15:38

Award Notice
Summary of the contracting process

The Post Office has completed a public procurement process for banking services titled "Bank wizard," categorised under the industry of banking services (CPV code 66110000). This contract, valued at £75,000, involves the delivery of services in the United Kingdom. The procurement was undertaken using a direct method, specified as a single tender action below the threshold, with the tender period closing on 20th October 2024. The contract is set to commence on 7th November 2024 and will run until 6th November 2027. The procurement has now reached the award stage, and the contract was successfully awarded to Experian Ltd on 1st November 2024.

This tender offers valuable opportunities for growth, particularly for large-scale enterprises in the banking services sector due to the outlined suitability and the scale of the contract. Organisations experienced in providing robust banking services would find this tender beneficial. Small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) were not identified as the primary targets for this award. Through this contract, businesses like Experian Ltd can strengthen their foothold in the financial services market in the UK, bolstering their portfolio and market reputation.

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Notice Information

Notice Title

Bank wizard

Notice Description

bank wizard services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6a9bbcd8-b77b-4fb5-800c-7e74b0c8168b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c4466825-0c90-488e-8bbd-f1cfeb8ead01
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
£75,000 Under £100K
Lots Value
Not specified
Awards Value
£75,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Feb 20251 years ago
Submission Deadline
20 Oct 2024Expired
Future Notice Date
Not specified
Award Date
1 Nov 20241 years ago
Contract Period
7 Nov 2024 - 6 Nov 2027 2-3 years
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
POST OFFICE
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
EC2V 7ER
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
Bassishaw
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)

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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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