Award

Provision for Business and Financial Asset Checks

DEPARTMENT FOR INTERNATIONAL TRADE

This public procurement record has 1 release in its history.

Award

21 Aug 2024 at 15:57

Summary of the contracting process

The Department for International Trade (DIT) has successfully awarded a contract for the provision of business and financial asset checks to Experian Limited. This procurement, classified under Data Management Services (CPV code: 72322000), involves a digital tool aimed at delivering instant business summaries to DIT staff. The contract, valued at GBP 46,750, will be delivered through a web-based portal that provides detailed insights into businesses worldwide, with services being available to regions including the British Oversea Territories, the Channel Islands, Europe, the Isle of Man, the Rest of the World, and the United Kingdom. The procurement method used is selective, specifically through a call-off from a framework agreement. The tender period concluded on 23 July 2024, with the contract commencing on 24 July 2024 and extending until 24 July 2026.

This tender creates significant opportunities for businesses specialising in data management services, particularly those capable of rapid data processing and analysis, such as providers of digital tools and SaaS platforms. Small and medium-sized enterprises (SMEs) can find this contract especially appealing given its suitability for their scale. This contract demonstrates a robust demand for innovative data solutions that can streamline due diligence and risk assessment processes, making it an attractive proposition for firms seeking to expand their government sector footprint and showcase their technological capabilities.

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Notice Title

Provision for Business and Financial Asset Checks

Notice Description

The Department of Business and Trade (DBT) has procured a digital tool designed to deliver instant business summaries. This web-based portal provides DBT staff with detailed insights on any business, from sole traders to large international companies, with a maximum turnaround time of 24 hours.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cf15d369-744a-4138-a5ef-885a7e5d02ec
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fb9e4135-8815-435a-a4b7-63d38c69a9f4
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

72322000 - Data management services

Notice Value(s)

Tender Value
£46,750 Under £100K
Lots Value
Not specified
Awards Value
£46,750 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
21 Aug 20241 years ago
Submission Deadline
23 Jul 2024Expired
Future Notice Date
Not specified
Award Date
23 Jul 20241 years ago
Contract Period
23 Jul 2024 - 24 Jul 2026 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
DEPARTMENT FOR INTERNATIONAL TRADE
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 2BL
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)

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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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