Tender

Invitation to Tender for Fraud and Financial Crime Tooling

BRITISH BUSINESS BANK PLC

This public procurement record has 1 release in its history.

Tender

04 Dec 2024 at 12:05

Summary of the contracting process

The British Business Bank Plc (BBB), a public body headquartered in Sheffield, UK, has initiated a tender process for acquiring a Fraud and Financial Crime Tooling solution. This procurement falls under the 'services' category in the financial sector, specifically targeting 'Fraud audit services' and 'financial analysis software packages'. The tender, titled "Invitation to Tender for Fraud and Financial Crime Tooling", is currently active, with a submission deadline set for 8th January 2025. The process involves four lots: Onboarding and IDV, Workflow and CRA, Data, and Screening, each of which has specific quality, social value, and cost criteria for selection. The procurement method is an open procedure adhering to the legal basis 32014L0024, with a total contract value estimated at £1,800,000 GBP. The selected contract will span 1440 days with potential renewals as indicated in the tender documentation.

This tender presents significant growth opportunities for small and medium enterprises (SMEs) specializing in fraud audit services and fraud and financial crime technology. Companies with expertise in financial analysis software and compliance technology solutions are well-suited to compete. Participation in this tender offers the chance to collaborate with a leading UK government-backed financial institution, enhancing reputation and expanding service portfolios. The focus on quality, social value, and cost emphasizes the importance of submissions that not only meet technical specifications but also contribute to broader economic and social goals. Interested bidders are encouraged to review the detailed selection criteria and prepare comprehensive proposals that highlight their capabilities in delivering cutting-edge fraud prevention and financial crime management solutions.

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Notice Title

Invitation to Tender for Fraud and Financial Crime Tooling

Notice Description

British Business Bank plc (British Business Bank or BBB) is seeking to appoint a provider of Fraud & Financial Crime Technology solution as described in the specification.

Lot Information

Lot 1 - Onboarding and IDV

The full details for this Lot can be found within the tender documentation

Renewal: will be re-procured close to end of contract term

Lot 2 - Workflow and CRA

The full details for this Lot can be found within the tender documentation

Renewal: This will be re-procured close to the end of the contract term

Lot - 3 Data

The full details for this Lot can be found within the tender documentation

Renewal: Will be re-procured close to the end of the contract

Lot 4 Screening

The full details for this Lot can be found within the tender documentation

Renewal: Will be re-procured close to end of contract term

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04c21f
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/039042-2024
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

48 - Software package and information systems

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


CPV Codes

48441000 - Financial analysis software package

79212400 - Fraud audit services

Notice Value(s)

Tender Value
£1,800,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
4 Dec 20241 years ago
Submission Deadline
8 Jan 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Will be re-procured near the end of contract term

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
BRITISH BUSINESS BANK PLC
Contact Name
REBECCA SHENTON
Contact Email
procurement@british-business-bank.co.uk
Contact Phone
+44 2039051462

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2GQ
Post Town
Sheffield
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
Not specified

Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

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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