Award

Licences for loan applicant vetting platform

UK RESEARCH & INNOVATION

This public procurement record has 1 release in its history.

Award

15 Aug 2024 at 15:05

Summary of the contracting process

UK Research & Innovation (UKRI) has completed a procurement process to acquire licences for a loan applicant vetting platform, identified under the title "Licences for loan applicant vetting platform" with OCID "ocds-h6vhtk-048b45". This procurement, categorised under financial auditing services, was executed as a direct award without a call for competition due to technical reasons stated by UKRI. The tender's primary scope was focused on services required in Swindon (region UKK14). The procurement stage was at the Award phase, with the contract signed on 1st July 2024 and an award to Artesian Solutions Ltd for the amount of £128,934 GBP. The procurement followed the regulations outlined in legal basis 32014L0024 (CELEX). The quality criteria dominated the award decision, with a 100% emphasis on quality and no focus on price.

This tender presents significant opportunities for businesses operating in the financial technology and auditing sectors. The procurement method chosen highlighted the necessity for specialised technical competence, indicating that companies equipped with advanced capabilities in loan applicant vetting platforms are well-suited for such opportunities. Suppliers like Artesian Solutions Ltd, who can uniquely support custom requirements and mitigate additional costs and technical complexities, are ideal candidates for similar future contracts. Such public sector contracts can provide a steady revenue stream and enhance a business’s portfolio, reinforcing their presence in the competitive market of financial services and auditing technology.

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Notice Title

Licences for loan applicant vetting platform

Notice Description

Licences loan applicant vetting

Procurement Information

Current supplier is the only operator who offers support of the custom designed loan application validation required by Innovate UK and sourcing a replacement supplier would cause significant additional costs and technical complexity.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-048b45
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/025998-2024
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79212100 - Financial auditing services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£128,934 £100K-£500K

Notice Dates

Publication Date
15 Aug 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
30 Jun 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
UK RESEARCH & INNOVATION
Contact Name
Not specified
Contact Email
corporateprocurement@ukri.org
Contact Phone
+44 1793298902

Buyer Location

Locality
SWINDON
Postcode
SN2 1FL
Post Town
Swindon
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
TLK14 Swindon

Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

Supplier Information

Number of Suppliers
1
Supplier Name

ARTESIAN SOLUTIONS

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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