Award

Financial Forensics

THE DRIVER & VEHICLE STANDARDS AGENCY

This public procurement record has 1 release in its history.

Award

06 Jul 2022 at 12:24

Award Notice
Summary of the contracting process

The Driver & Vehicle Standards Agency has completed a tender process for a project titled "Financial Forensics," aimed at procuring two licences for financial analysis software to assist their Counter Fraud & Investigation team. This service falls under the software package and information systems category, with a total contract value of £12,670. The contract period is set to begin on June 23, 2022, and will last for three years, concluding on June 22, 2025. The procurement method employed was a single tender action, indicative of its urgency and relevance to current investigative needs.

This tender presents a notable opportunity for businesses specialising in software solutions, particularly those with capabilities in financial analysis tools designed for law enforcement applications. Companies that can provide innovative and efficient software systems to support fraud investigations are well-positioned to compete. Given the specific needs of the contracting authority, small and medium enterprises (SMEs) with expertise in this niche area could leverage their agility to deliver tailored solutions, thereby fostering significant business growth.

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Notice Information

Notice Title

Financial Forensics

Notice Description

The Counter Fraud & Investigation (CF&I) team have a requirement to analyse bank statements as part of any investigation work - POCA (Proceeds of Crime Act 2002). This STA is to procure 2 licences for financial analysis software to allow the CF&I team to analyse bank statements in a timely manner for court proceedings. The contract will be for 3 years to allow this new method of analysis to be embedded within the CF&I team. It also means that 2 financial investigators will be able to work full time with the new software and significantly increase the through put of work to aid in any investigation.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f10d57b7-8cd8-499a-b4a7-13cecb30edec
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fb5273fb-6810-4f62-95cc-621d84d5b19e
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

48 - Software package and information systems

CPV Codes

48000000 - Software package and information systems

Notice Value(s)

Tender Value
£12,670 Under £100K
Lots Value
Not specified
Awards Value
£12,670 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
6 Jul 20223 years ago
Submission Deadline
16 Jun 2022Expired
Future Notice Date
Not specified
Award Date
20 Jun 20223 years ago
Contract Period
22 Jun 2022 - 22 Jun 2025 3-4 years
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
THE DRIVER & VEHICLE STANDARDS AGENCY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BRISTOL
Postcode
BS5 0DA
Post Town
Bristol
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK51 Bristol, City of
Delivery Location
Not specified
Local Authority
Bristol, City of
Electoral Ward
Lawrence Hill
Westminster Constituency
Bristol East

Supplier Information

Number of Suppliers
1
Supplier Name

ALTIA SOLUTIONS

Further Information

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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