Award

Bank Validation

THE INSOLVENCY SERVICE

This public procurement record has 1 release in its history.

Award

26 Jul 2025 at 00:12

Summary of the contracting process

The recent procurement process focuses on a "Bank Validation" service and was conducted by The Insolvency Service, based in London, England. This contract is related to IT services, covering consulting, software development, Internet solutions, and support, marked under the CPV code 72000000. The selective procurement method was employed using a call-off from a framework agreement. The process has reached the award stage, with the award being made on 3rd June 2025, and the contract spans from 3rd June 2025 to 3rd January 2026. The contract has a total value of £168,333.86.

This tender provides robust growth opportunities for large-scale businesses specialising in IT services, as it does not target SMEs or voluntary, community, and social enterprises. Companies with expertise in bank validation and related IT services, especially those that have a presence within or can operate in the United Kingdom, would be well-suited to participate and benefit from similar future opportunities. The procurement method indicated a need for a selective approach, suggesting stable partnerships and consistent quality assurance as essentials for winning such contracts.

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Notice Title

Bank Validation

Notice Description

Bank Validation Service

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e69bac07-146f-437d-bda8-d8d733b7cb2e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8b874b52-ac11-4e9f-8acc-f5b3fcdaec06
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£168,333 £100K-£500K
Lots Value
Not specified
Awards Value
£168,333 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
26 Jul 20257 months ago
Submission Deadline
2 Jun 2025Expired
Future Notice Date
Not specified
Award Date
2 Jun 20258 months ago
Contract Period
2 Jun 2025 - 3 Jan 2026 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
THE INSOLVENCY SERVICE
Contact Name
Not specified
Contact Email
javed.kebede@insolvency.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1P 2HT
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

BOTTOMLINE TECHNOLOGIES

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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