Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

The Provision of Credit Referencing Services

Development Bank of Wales

This public procurement record has 3 releases in its history.

Award

30 Jun 2026 at 11:45

UK7 - Contract Details Notice
Award

30 Mar 2026 at 16:31

UK6 - Contract Award Notice
Tender

09 Jan 2026 at 17:33

UK4 - Tender Notice
Summary of the contracting process

The Development Bank of Wales has completed a procurement process titled "The Provision of Credit Referencing Services," culminating in the award of the contract to Experian Ltd. This procurement falls under the financial and insurance services industry category and is aimed at enhancing data accuracy and operational efficiencies. Located within the United Kingdom, the project was initiated as a tender and has now reached the award stage, with the contract signed on 26 June 2026. The contract commences on 1 July 2026 and spans an initial four-year period, with potential extensions, highlighting a long-term investment in integrated credit referencing solutions.

This tender represents a significant business opportunity, particularly for companies specialising in credit reference services, data integration, and financial software solutions. The open procurement method allowed wide participation, but ultimately, a large-scale business like Experian Ltd was selected, likely due to the complexity and scale of services required. With a contract value of over £1.8 million and options for project work and additional services, this contract highlights the potential for engaged suppliers to contribute meaningfully to the strategic objectives of the Development Bank of Wales. Businesses capable of delivering innovative data solutions and enhancing due diligence processes will find similar tenders an ideal opportunity for growth and partnership with public sector organisations focused on modernising financial operations.

How relevant is this notice?

Notice Information

Notice Title

The Provision of Credit Referencing Services

Notice Description

The Development Bank of Wales issued a UK 6 Notice on 30 March 2026 alerting the market that DBW was intending to award a contract to Experian Ltd. Summary of the requirement: The Development Bank of Wales Group (DBW) is undertaking a key strategic project aimed at driving operational efficiencies, enhancing data accuracy and improving scalability throughout the customer journey. As part of this initiative, we are seeking a collaborative partner to deliver an integrated solution that streamlines our customer due diligence and credit risk assessment processes using commercial and consumer credit bureau data; eliminating manual data entry and enabling intelligent and responsible lending decisions. DBW currently operates two separate systems; one focused on identity and address verification, PEPs, Sanctions, adverse media, law enforcement and consumer monitoring, the other a credit referencing solution, providing reports on companies, consumers, directors, international business, consumer watchlist and company monitoring. This dual system approach presents an opportunity for consolidation of services. The DBW Group currently utilises a web-based service for its credit referencing solution. This is used by all companies within the DBW Group. The identity and address solution is used by DBW Investments and Green Homes Wales; this is a web-based application for sending IDV links and reviewing the outputs.

Lot Information

Lot 1

Options: There may be a requirement that the supplier will undertake project work during the contract term. Additional services as set out in the Invitation to Tender may also be required.

Renewal: The contract will be for an initial term of four (4) years with the option for DBW to make up to two (2) extensions of three (3) years each.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-060349
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/061149-2026
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£1,250,000 £1M-£10M
Lots Value
£1,250,000 £1M-£10M
Awards Value
£1,506,838 £1M-£10M
Contracts Value
£1,506,838 £1M-£10M

Notice Dates

Publication Date
30 Jun 20261 months ago
Submission Deadline
13 Feb 2026Expired
Future Notice Date
Not specified
Award Date
30 Mar 20265 months ago
Contract Period
1 Jul 2026 - 30 Jun 2030 4-5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Development Bank of Wales
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CARDIFF
Postcode
CF10 4BZ
Postcode Area
Cardiff
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL52 Cardiff and Vale of Glamorgan
Delivery Location
Not specified
Local Authority
Cardiff
Electoral Ward
Butetown
Westminster Constituency
Cardiff South and Penarth

Supplier Information

Number of Suppliers
1
Supplier Name

Experian Ltd

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...