Tender

Invitation to Tender for Fraud and Financial Crime Tooling

BRITISH BUSINESS BANK PLC

This public procurement record has 1 release in its history.

Tender

04 Dec 2024 at 10:30

Tender Notice
Summary of the contracting process

British Business Bank Plc is inviting tenders for the provision of Fraud and Financial Crime Technology solutions. The procurement process is currently in the Tender stage. Interested parties should note key dates, including the deadline for tender submission on 8th January 2025, and the contract period which commences on 24th March 2025 and concludes on 28th February 2029. The procurement is classified under CPV code 79212400, which covers fraud audit services. The project’s delivery scope includes British Overseas Territories, Channel Islands, Europe, Isle of Man, the Rest of the World, and the United Kingdom. The estimated contract value is GBP 1,800,000, and the procurement method adopted is an open procedure.

This tender presents significant opportunities for businesses specialising in fraud detection and financial crime prevention technologies. Companies with robust capabilities in these areas should consider participating as the contract offers extensive international involvement and a substantial financial scope. Although this opportunity is not specially targeting SMEs or VCSEs, it can provide growth potential for medium to large enterprises with expertise in fraud audit services. Engaging in this tender could bolster a company’s market presence and expand its client base within high-profile public sector organisations.

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Notice Information

Notice Title

Invitation to Tender for Fraud and Financial Crime Tooling

Notice Description

British Business Bank plc (British Business Bank or BBB) is seeking to appoint a provider of Fraud & Financial Crime Technology solution as described in the specification.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a3615232-eb47-4703-8076-8bd464f8c57f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/cb0a89f0-e5d1-415d-a4e2-b2b0e76f4c7e
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79212400 - Fraud audit services

Notice Value(s)

Tender Value
£1,800,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
4 Dec 20241 years ago
Submission Deadline
8 Jan 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
24 Mar 2025 - 28 Feb 2029 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BRITISH BUSINESS BANK PLC
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2GQ
Post Town
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
Not specified
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Further Information

Notice Documents

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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