Tender

Financial Services Pillar of the ASEAN Economic Integration Programme

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 1 release in its history.

Tender

11 Dec 2023 at 15:29

Summary of the contracting process

The Foreign Commonwealth and Development Office is conducting a tender for the Financial Services Pillar of the ASEAN Economic Integration Programme. The procurement falls under the services category and aims to enhance financial resilience and economic opportunities in ASEAN member states. The contract is valued at £8,000,000 and will operate for 48 months with a possible 18-month extension. The submission deadline is on January 26, 2024, and electronic and written submissions are accepted.

This tender by the FCDO offers business growth opportunities for firms interested in providing foreign economic-aid-related services across ASEAN. Particularly suitable for companies with expertise in financial services, the tender aims to promote financial inclusion in the region. Businesses focusing on digital financial solutions and international payments could find this tender beneficial. The procurement process is currently at the tender stage, with a focus on supporting small and medium enterprises and women in accessing affordable financial services.

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Notice Title

Financial Services Pillar of the ASEAN Economic Integration Programme

Notice Description

The FSp aims to enable greater financial resilience and economic opportunities for individuals and businesses in AMS through wider availability of useful and affordable financial services, particularly for MSMEs and women ('financial inclusion '). Financial inclusion is uneven among AMS, with some countries still having a persistently high percentage of adults without an account at a financial institution. Digitalisation of the sector is improving access to and use of financial services across ASEAN, but barriers remain, and these can be higher for women and MSMEs. Barriers in some AMS include low financial or digital literacy, lack of trust / gaps in consumer protection, shallow capital markets and limited access to international payments. The intended outcome of the FSp is that AMS adopt and implement ASEAN-led policy recommendations and reforms that promote financial inclusion in the region. The programme will do this by providing expert support to ASEAN and AMS.

Lot Information

Lot 1

The Contract for the Services will operate for 48 months from the commencement date. The total budget available for the services to be provided under this Contract will be a maximum value of PS8,000,000. There will be an optional extension (subject to specific requirements) of up to 18 months in duration and up to PS4m in value. The contract will be subject to break points at the end of the inception period and on 31 March 2025.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-042342
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/036399-2023
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

75 - Administration, defence and social security services


CPV Codes

75211200 - Foreign economic-aid-related services

Notice Value(s)

Tender Value
£8,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 Dec 20232 years ago
Submission Deadline
26 Jan 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
Contact Name
Karen Duffy
Contact Email
karen.duffy@fcdo.gov.uk
Contact Phone
+44 1355843429

Buyer Location

Locality
GLASGOW
Postcode
G75 8EA
Post Town
Glasgow
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM9 Southern Scotland
Small Region (ITL 3)
TLM95 South Lanarkshire
Delivery Location
Not specified

Local Authority
South Lanarkshire
Electoral Ward
East Kilbride West
Westminster Constituency
East Kilbride and Strathaven

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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