Award

Digital Sandbox funding - 2021

CITY OF LONDON CORPORATION

This public procurement record has 1 release in its history.

Award

03 Nov 2021 at 10:51

Award Notice
Summary of the contracting process

The City of London Corporation is conducting a procurement process for the "Digital Sandbox funding - 2021" project, focused on providing a Digital Transformation Platform for Financial Services innovation. This tender falls within the financial consultancy services industry category, with a total contract value of £150,000. The procurement method used is direct, specifically a single tender action below threshold. The contract period started on 1 June 2021 and will run until 1 March 2022, while the tender period officially concluded on 1 May 2021.

This opportunity can significantly benefit businesses specialising in financial consultancy and digital transformation services, particularly small and medium-sized enterprises (SMEs) that are agile and innovative in their approach. Companies that can leverage modular platforms and Open APIs for financial services would be well-positioned to compete for future initiatives within this evolving digital landscape. The flexibility and customisation highlighted in the project offer a potential avenue for collaboration and innovation in the financial sector.

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.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Digital Sandbox funding - 2021

Notice Description

Fintech Sandpit provides a Digital Transformation Platform for Financial Services innovation. Using a modular and open platform, the Fintech Sandpit enables institutions to engage their audience, convene the right industry partners, build and promote their product and innovation through Open APIs, encouraging collaboration, and secure innovation through data analysis. The platform is very flexible and customisable to the needs of the business requirement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-af447688-5b15-40c1-ba90-9bbd4690655c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4b867924-0f2f-4df9-b817-3097edba1548
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
£150,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
3 Nov 20214 years ago
Submission Deadline
1 May 2021Expired
Future Notice Date
Not specified
Award Date
31 May 20214 years ago
Contract Period
1 Jun 2021 - 1 Mar 2022 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
CITY OF LONDON CORPORATION
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 7HH
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
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
City of London
Electoral Ward
Bassishaw
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

FINTECH SANDPIT

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-af447688-5b15-40c1-ba90-9bbd4690655c-2021-11-03T10:51:00Z",
    "date": "2021-11-03T10:51:00Z",
    "ocid": "ocds-b5fd17-af447688-5b15-40c1-ba90-9bbd4690655c",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "Digital Sandbox funding - 2021",
        "title": "Digital Sandbox funding - 2021",
        "description": "Fintech Sandpit provides a Digital Transformation Platform for Financial Services innovation. Using a modular and open platform, the Fintech Sandpit enables institutions to engage their audience, convene the right industry partners, build and promote their product and innovation through Open APIs, encouraging collaboration, and secure innovation through data analysis. The platform is very flexible and customisable to the needs of the business requirement.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66171000",
            "description": "Financial consultancy services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 150000,
            "currency": "GBP"
        },
        "procurementMethod": "direct",
        "procurementMethodDetails": "Single tender action (below threshold)",
        "tenderPeriod": {
            "endDate": "2021-05-01T02:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2021-06-01T00:00:00+01:00",
            "endDate": "2022-03-01T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-LAE-LND",
            "name": "City of London Corporation",
            "identifier": {
                "legalName": "City of London Corporation",
                "scheme": "GB-LAE",
                "id": "LND"
            },
            "address": {
                "streetAddress": "Guild Hall,Basinghall Street",
                "locality": "LONDON",
                "postalCode": "EC2V7HH",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Isher Mudhar",
                "email": "Isher.mudhar@cityoflondon.gov.uk",
                "telephone": "07500785073"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-12117711",
            "name": "FinTech Sandpit Limited",
            "identifier": {
                "legalName": "FinTech Sandpit Limited",
                "scheme": "GB-COH",
                "id": "12117711"
            },
            "address": {
                "streetAddress": "7 Bell Yard, London, England, WC2A 2JR"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-LAE-LND",
        "name": "City of London Corporation"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-af447688-5b15-40c1-ba90-9bbd4690655c-1",
            "status": "active",
            "date": "2021-06-01T00:00:00+01:00",
            "datePublished": "2021-11-03T10:51:00Z",
            "value": {
                "amount": 150000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-12117711",
                    "name": "FinTech Sandpit Limited"
                }
            ],
            "contractPeriod": {
                "startDate": "2021-06-02T00:00:00+01:00",
                "endDate": "2022-03-01T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/4b867924-0f2f-4df9-b817-3097edba1548",
                    "datePublished": "2021-11-03T10:51:00Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}