Award

MOBILIST Product Platform

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 1 release in its history.

Award

15 Sep 2025 at 11:23

Summary of the contracting process

The Foreign, Commonwealth & Development Office (FCDO) is extending its contract with Palladium International Limited for the MOBILIST Policy Platform, a programme focused on foreign economic-aid-related services. This extension involves a 12-month financial uplift valued at £2,328,333, excluding VAT, bringing the contract total to £8,960,000, also excluding VAT. The extension runs through March 2027 and ensures ongoing service continuity while the FCDO conducts a strategic assessment of the future MOBILIST programme. Although this amendment is procured without prior publication under a limited procedure, it adheres to the Public Contracts Regulations 2015 and involves a 10-day standstill period for compliance review. The contract maintains its core services with no changes to its nature or scope.

This tender offers growth opportunities for businesses involved in financial services and infrastructure development. Companies specialising in investment identification, financial product development, and initiatives supporting sustainable development goals are well-positioned to compete. Although the contract has been awarded to Palladium International Ltd, businesses can look forward to potential opportunities when the FCDO launches new procurements following their strategic programme assessment. This extension reflects a temporary measure during a period of strategic realignment, underscoring the significance of innovative financial solutions in supporting global public goods and expanding capital in emerging markets.

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Notice Title

MOBILIST Product Platform

Notice Description

The Product Platform aims to identify and prioritise high-impact investments for potential listing on UK or local exchanges, working closely with the broader MOBILIST initiative to guide these products through design, launch, investment, and IPO stages. The programme also deploys targeted Technical Assistance to develop financial infrastructure deemed a global public good.

Lot Information

Lot 1

The MOBILIST platform is a flagship initiative by the UK government aimed at mobilising institutional capital to support sustainable development and the climate transition. It focuses on developing scalable and replicable financial products that align with the Sustainable Development Goals (SDGs) and aims to close the financing gap in developing countries. An FCDO policy initiative aimed at addressing barriers to capital formation in public markets for Sustainable Development Goal (SDG) financing. The Product Platform aims to identify and prioritise high-impact investments for potential listing on UK or local exchanges, working closely with the broader MOBILIST initiative to guide these products through design, launch, investment, and IPO stages. The programme also deploys targeted Technical Assistance to develop financial infrastructure deemed a global public good. Additional information: This amendment retains the right for early termination

Options: The contract included options for flexibility and transformation. With agreement from both the FCDO and the supplier, these options allowed for: (1) an increase in contract value of up to 20%, which was utilised in March 2022, and (2) an extension of the contract duration by up to 12 months. This modification will extend the contract by 12 months, from 31 March 2026 to 31 March 2027, and increase the contract value from PS6,631,667 (excluding VAT) to PS8,960,000 (excluding VAT)

Procurement Information

The Foreign, Commonwealth & Development Office (FCDO) intends to award a 12- month extension and financial uplift of PS2,263,333 (Ex VAT) to the MOBILIST Policy Platform contract with Palladium International Ltd. This amendment includes an option for early termination and is made under Regulation 72(1)(e) of the Public Contracts Regulations 2015, which permits modifications that are not substantial within the meaning of paragraph (8). FCDO considers that the extension can be awarded without prior publication of a notice under Part 2 of the Public Contracts Regulations 2015 but has elected to use the procedure in regulation 99(3) (VEAT notice). The contract contains a provision allowing for a 12-month extension, until March 2027 which this amendment will utilise. The contract contains a specific provision allowing for a 20% increase in the contract value, utilised in 2022. This amendment will see a further financial uplift to cover additional services delivered during the extension period. The nature and scope of the contract remain unchanged. This amendment does not materially alter or expand the contract scope and therefore does not constitute a substantial modification. Palladium will continue to deliver the same core services: Identify investments and supporting the launch of financial products. No new deliverables or strategic shifts are introduced. The amendment is necessary to ensure continuity of service provision while decisions on the future structure of the MOBILIST programme are finalised. FCDO originally planned to re-procure these services in February 2025. However, this procurement was paused following the shift of UK ODA budget to 0.3%. The MOBILIST programme is now undergoing a strategic options assessment, and as a result the scope of future service delivery for the programme will remain unclear until the outcome of that assessment is known. This extension will allow for continuity of service delivery until the future structure of the programme is approved, and a targeted procurement for the delivery of the required services can be launched. Proceeding with a new procurement before the completion of the options assessment would introduce significant risks, including the potential for wasted supplier resources in competing for a contract which might need to be cancelled or terminated early after award. Before entering the proposed contract amendment, the Authority will observe the standstill period of 10 calendar days from the day after publication on the UK e-notification service required by the Public Contracts Regulations 2015 at regulation 99 before executing the amendment allowing all relevant parties adequate time to review and respond

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-059a33
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/056530-2025
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

75 - Administration, defence and social security services


CPV Codes

75211200 - Foreign economic-aid-related services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£8,960,000 £1M-£10M

Notice Dates

Publication Date
15 Sep 20255 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
4 May 20205 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
Contact Name
Not specified
Contact Email
regan.hughes@fcdo.gov.uk
Contact Phone
+44 12345678

Buyer Location

Locality
LONDON
Postcode
SW1A 2AH
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

PALLADIUM INTERNATIONAL

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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