Award

Bank Account Ownership Verification Services

CABINET OFFICE

This public procurement record has 3 releases in its history.

AwardUpdate

23 Jan 2025 at 09:59

AwardUpdate

23 Jan 2025 at 09:30

Award

20 Jan 2025 at 16:00

Summary of the contracting process

The Cabinet Office, located in London, England, has awarded a contract for Bank Account Ownership Verification Services under the industry category of Data Supply Services (CPV code 72319000). The procurement process, which followed a selective method defined as a call-off from a framework agreement, has completed with key dates including a tender closure on 15 February 2024, followed by the award date on 31 March 2024. The contract period will run from 1 April 2024 to 31 March 2025, with the total contract value being £18,293.34.

This tender offers substantial opportunities for businesses specialising in data supply and verification services, particularly those SMEs that can deliver tailored, reliable solutions for government requirements. Companies like Experian Ltd, which has secured this contract, demonstrate the viability and growth potential for large-scale firms in this niche. Businesses equipped with advanced verification capabilities and a proven track record in handling secure data would be well-positioned to succeed in similar future procurements.

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Notice Title

Bank Account Ownership Verification Services

Notice Description

Bank account ownership verification services.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cdf34744-33fe-4041-a236-0a185e431192
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c8954420-5667-47ca-b3d4-93097013cce4
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support


CPV Codes

72319000 - Data supply services

Notice Value(s)

Tender Value
£18,293 Under £100K
Lots Value
Not specified
Awards Value
£18,293 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
23 Jan 20251 years ago
Submission Deadline
15 Feb 2024Expired
Future Notice Date
Not specified
Award Date
31 Mar 20241 years ago
Contract Period
31 Mar 2024 - 31 Mar 2025 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
CABINET 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
SW1A 2AS
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

EXPERIAN

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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