Award

The Provision of an Online Training Tool

DEVELOPMENT BANK OF WALES

This public procurement record has 2 releases in its history.

Award

22 Jan 2025 at 00:00

Tender

30 Sep 2024 at 00:00

Summary of the contracting process

The Development Bank of Wales, headquartered in Wrexham, has awarded a contract for the provision of an online training tool aimed at embedding compliance knowledge across the organisation. This procurement process, falling under the economic affairs category, has recently entered the award stage, with the contract signed on 20 January 2025. The awarded contract is valued at £147,857.85 GBP and has been granted to Elephants Don’t Forget Ltd, based in London. The procurement was conducted through an open procedure, which started with the tender stage active from 30 September 2024 and included electronic submissions until the bid opening on 1 November 2024.

This tender provides significant opportunities for businesses specialising in online training tools, particularly firms with expertise in creating innovative compliance training solutions. SMEs, like the awarded supplier Elephants Don’t Forget Ltd, with a strong track record in financial services compliance training, are well-suited to compete in such tenders. This procurement not only highlights the need for continuous professional development within the financial sector but also offers potential growth opportunities for suppliers who can deliver high-quality, technology-driven training solutions aligned with regulatory standards.

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Notice Title

The Provision of an Online Training Tool

Notice Description

The Development Bank of Wales is looking to procure an online training tool to embed compliance knowledge across the organisation.

Lot Information

Lot 1

The key objective of this procurement is to procure an effective online tool to embed compliance knowledge across the organisation. As DBW operates in the financial services sector, it is vital that all employees are fully trained and can demonstrate competence in several key compliance areas. This is important for us reputationally and is required by the FCA and our auditors. It is therefore imperative that DBW continues to embrace industry best practice and technology that enables, encourages and facilitates staff to constantly learn and retain the compliance knowledge that will ensure that individuals and the organisation as a whole operate to a high level of compliance. Further information can be obtained from the Invitation to Tender.

Renewal: DBW has the option to extend the contract for a further 3 periods of 12 months each.

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-144914
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=144914
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

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


CPV Codes

48517000 - IT software package

72222300 - Information technology services

Notice Value(s)

Tender Value
£145,000 £100K-£500K
Lots Value
£145,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£147,857 £100K-£500K

Notice Dates

Publication Date
22 Jan 20251 years ago
Submission Deadline
1 Nov 2024Expired
Future Notice Date
Not specified
Award Date
20 Jan 20251 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 02920338100, +44 2920338100

Buyer Location

Locality
WREXHAM
Postcode
LL1 37Y
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

ELEPHANTS DON'T FORGET

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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