Award

Help to Buy Wales - Loan Administration System

DEVELOPMENT BANK OF WALES

This public procurement record has 3 releases in its history.

Award

08 Nov 2023 at 00:00

TenderUpdate

30 Aug 2022 at 00:00

Tender

26 Aug 2022 at 00:00

Summary of the contracting process

The Development Bank of Wales is seeking to procure a Loan Administration System for the Help to Buy-Wales scheme in Wrexham, UK. The procurement stage is complete, and the contract was signed on 18th September 2023. The procurement method used was a selective procedure for services, with a total contract value of £4,926,000.

This tender by the Development Bank of Wales presents an opportunity for businesses to provide services related to loan administration. Companies involved in IT services, software development, and financial technology could be well-suited to compete for this contract. The procurement method used is a selective procedure, catering to businesses with the relevant expertise to deliver a Loan Administration System for the Help to Buy-Wales scheme.

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Notice Title

Help to Buy Wales - Loan Administration System

Notice Description

The Development Bank of Wales is seeking to procure a Loan Administration System for the Help to Buy-Wales scheme.

Lot Information

Lot 1

Help to Buy (Wales) Ltd ("HtBW") is the vehicle through which the Welsh Government provides financial assistance to enable qualifying applicants to buy a new build property on a new development, with the assistance of a shared equity loan. Further information relating to the specification for the Loan Administration System can be found in the Qualification Guidance document.. Further quality weightings as lack of space at in the weighting section: Training 2.25% Service Management - 3.75% Well being of future generations 10%

Renewal: The Contract will have an initial 4 year term with options to extend, at the sole discretion of the contracting authority, for up to three additional periods of two years each.

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-124129
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=124129
Current Stage
Award
All Stages
Tender, 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

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


CPV Codes

72222300 - Information technology services

Notice Value(s)

Tender Value
£3,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£4,926,000 £1M-£10M

Notice Dates

Publication Date
8 Nov 20232 years ago
Submission Deadline
30 Sep 2022Expired
Future Notice Date
Not specified
Award Date
18 Sep 20232 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
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

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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