Award

AI consultant

DEVELOPMENT BANK OF WALES

This public procurement record has 1 release in its history.

Summary of the contracting process

The Development Bank of Wales, based in Wrexham, has awarded a contract for AI consultancy services, focusing on education and training, to Visvira Limited. The procurement process initially began with tender initiation and culminated in an award on 24 February 2026. The project involves developing AI-enabled workflows to enhance sanction paper production and legal work processing. This contract directly follows preliminary exploratory work conducted by the awarded supplier, Visvira Limited, leveraging their unique understanding of the bank's prior prototypes and operational context.

This tender represents a significant opportunity for businesses specialising in AI consultancy, particularly those with experience in legal and financial services. Companies able to provide specialised technical support for AI-integrated solutions can find growth opportunities by collaborating with financial organisations like the Development Bank of Wales. Although Visvira Limited was selected for this contract due to previous contributions to the project's initial phases, similar undertakings could offer fresh prospects for businesses adept at navigating complex integrations and developing AI-driven solutions in the finance sector.

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How relevant is this notice?

Notice Title

AI consultant

Notice Description

DBW has undertaken preliminary exploratory work to create prototype AI-enabled workflows for two high-priority use cases:Sanction Paper ProductionLegal Work ProcessingThis initial discovery and prototyping took place during the previous year and established a foundation for further development. To move from prototype to a fully operational, safe, and repeatable AI-augmented workflow, specialist technical support is required.The provider being considered for direct award has already undertaken the initial prototyping work. They therefore hold unique understanding of DBW's operational context, data structures, previous iterations, and risk-control expectations.Re-running a competitive process would introduce unnecessary delay, duplication of effort, increased cost, and operational risk, given the requirement to build directly on the previous prototyping phase.

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-162003
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=162003
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
S2W Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

80 - Education and training services


CPV Codes

80000000 - Education and training services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 Feb 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
24 Feb 20262 weeks ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

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
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

VISVIRA

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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