Award

2nd Screening Platform

UK EXPORT FINANCE

This public procurement record has 2 releases in its history.

Award

06 Mar 2025 at 10:37

Tender

14 Oct 2024 at 16:16

Summary of the contracting process

UK Export Finance has concluded an open procurement process for a "2nd Screening Platform" in the subscription services industry category. This procurement, involving the screening of financial information, was awarded to Lexis Nexis Risk Solutions on 24th February 2025. The entire contract, valued at £213,500, spans from 24th February 2025 to 23rd February 2028. The contract is specifically aimed at providing services at the postal code SW1A 2HQ, London, England. This tender was initiated on 14th October 2024 and closed on 16th November 2024, following an open procedure above the threshold.

This procurement contract presents substantial opportunities for businesses, particularly those specialising in subscription and financial information screening services. It is ideal for small and medium-sized enterprises (SMEs) and voluntary, community and social enterprises (VCSEs) due to the explicit suitability criteria in the tender. Businesses with expertise in financial crime due diligence, negative news/adverse media data related to regulatory, financial, and criminal activities, and those adept at risk mitigation could find significant growth potential through this contract. The open nature of the procedure ensures a competitive environment, providing an equal opportunity for qualified firms to engage with a key government agency.

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Notice Title

2nd Screening Platform

Notice Description

Financial information screening

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cbbaaa0f-d8c3-4a0f-bb1a-fc077313f7a5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/73caa5c6-dfaa-4746-b38c-ed02cc3510a0
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79980000 - Subscription services

Notice Value(s)

Tender Value
£213,500 £100K-£500K
Lots Value
Not specified
Awards Value
£213,500 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
6 Mar 202511 months ago
Submission Deadline
16 Nov 2024Expired
Future Notice Date
Not specified
Award Date
24 Feb 20251 years ago
Contract Period
24 Feb 2025 - 23 Feb 2028 2-3 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
UK EXPORT FINANCE
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
SW1A 2HQ
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

LEXIS NEXIS RISK SOLUTIONS

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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