Award

The provision of a Loan Administration System to the Development Bank of Wales

DEVELOPMENT BANK OF WALES

This public procurement record has 1 release in its history.

Award

17 Nov 2021 at 00:00

Summary of the contracting process

The Development Bank of Wales has successfully completed a procurement process for the provision of a Loan Administration System (LAS), aimed at enhancing its management of SME loan portfolios. This procurement, classified under the services industry category, utilised a selective method under a restricted procedure. The award was made to Equiniti Group plc, with the contract signed on 25 September 2020, valued at £2,082,000. The address for the Development Bank of Wales is 1 Capital Quarter, Tyndall Street, Cardiff, CF10 4BZ, UK. Interested parties were invited to submit bids electronically, with a total of ten bids received, one of which came from an SME.

This tender presents a valuable opportunity for businesses specialised in financial technology and loan administration services to expand their offerings in the public sector. Companies with experience in managing complex migration projects and those demonstrating reliability and user-friendly system design would be well-suited to compete for similar future tenders. The requirement for a cloud-based solution highlights the growing demand for digital transformation within public organisations, allowing tech-savvy firms to connect with the evolving needs of their clients.

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Notice Title

The provision of a Loan Administration System to the Development Bank of Wales

Notice Description

DBW is seeking to appoint an organisation to provide loan administration services.

Lot Information

Lot 1

DBW wishes to procure a Loan Administration System ('LAS') to manage its SME loan portfolio. The look and feel of the system must be modern and intuitive, and must support growth in terms of having the capability to accommodate numerous statutory entities, funds and products, as well as growth in the volume of transactions. The system will be cloud based, and should offer a consistent, high performing user experience across a geographically dispersed workforce. DBW is embarking on a digital transformation project, and the LAS must support this project, providing capability in terms of document and information exchange and integration with other systems. The chosen supplier must have a proven track record in the financial services sector, and be able to demonstrate reliability and flexibility. The supplier should also have experience of complex migration projects. Full details regarding DBW's requirement can be obtained from the Invitation to Tender.

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-098528
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=098528
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

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


CPV Codes

48000000 - Software package and information systems

48219300 - Administration software package

48442000 - Financial systems software package

48812000 - Financial information systems

72222300 - Information technology services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£2,082,000 £1M-£10M

Notice Dates

Publication Date
17 Nov 20214 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
25 Sep 20205 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Not Specified
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
CARDIFF
Postcode
CF10 4BZ
Post Town
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

EQUINITI GROUP

Further Information

Notice Documents

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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