Award

The Provision of an Online Training Tool

DEVELOPMENT BANK OF WALES

This public procurement record has 2 releases in its history.

Award

22 Jan 2025 at 14:50

Tender

30 Sep 2024 at 15:43

Summary of the contracting process

The Development Bank of Wales is seeking to procure an online training tool to embed compliance knowledge across its organisation. This procurement process falls under the information technology services industry category. The project is located in the United Kingdom, specifically Wrexham, and is currently in the "award" stage, with the award date marked as 20th January 2025. With a total contract value of £147,857.85, the project was awarded to Elephants Don't Forget Ltd, an SME based in London. The procurement method used is an open procedure, and the process adhered to the legal basis 32014L0024, ensuring compliance with the necessary regulations and standards.

This tender presents significant business growth opportunities, particularly for companies specialising in IT software packages and online training solutions. Small and medium-sized enterprises (SMEs) with expertise in developing compliance training tools will find this project a perfect match for their capabilities. Such businesses stand to benefit from increased visibility and credibility from working with a reputable organisation like the Development Bank of Wales. Moreover, the comprehensive evaluation criteria—including project team experience, IT requirements delivery, and functional requirements—highlight the need for quality and performance, making this an ideal opportunity for businesses that can meet these high standards and deliver exceptional service.

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Notice Title

The Provision of an Online Training Tool

Notice Description

The Development Bank of Wales is looking to procure an online training tool to embed compliance knowledge across the organisation.

Lot Information

Lot 1

The key objective of this procurement is to procure an effective online tool to embed compliance knowledge across the organisation. As DBW operates in the financial services sector, it is vital that all employees are fully trained and can demonstrate competence in several key compliance areas. This is important for us reputationally and is required by the FCA and our auditors. It is therefore imperative that DBW continues to embrace industry best practice and technology that enables, encourages and facilitates staff to constantly learn and retain the compliance knowledge that will ensure that individuals and the organisation as a whole operate to a high level of compliance. Further information can be obtained from the Invitation to Tender.

Renewal: DBW has the option to extend the contract for a further 3 periods of 12 months each.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04a447
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/002220-2025
Current Stage
Award
All Stages
Tender, Award

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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

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


CPV Codes

48517000 - IT software package

72222300 - Information technology services

Notice Value(s)

Tender Value
£145,000 £100K-£500K
Lots Value
£145,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£147,857 £100K-£500K

Notice Dates

Publication Date
22 Jan 20251 years ago
Submission Deadline
1 Nov 2024Expired
Future Notice Date
Not specified
Award Date
20 Jan 20251 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
DEVELOPMENT BANK OF WALES
Contact Name
Not specified
Contact Email
procurement@developmentbank.wales
Contact Phone
+44 2920338100

Buyer Location

Locality
WREXHAM
Postcode
LL1 37Y
Post Town
Not specified
Country
Not specified

Major Region (ITL 1)
Not specified
Basic Region (ITL 2)
Not specified
Small Region (ITL 3)
Not specified
Delivery Location
Not specified

Local Authority
Not specified
Electoral Ward
Not specified
Westminster Constituency
Not specified

Supplier Information

Number of Suppliers
1
Supplier Name

ELEPHANTS DON'T FORGET

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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