Award

Bank Account Validation

SCOTTISH GOVERNMENT

This public procurement record has 1 release in its history.

Summary of the contracting process

The Scottish Government is seeking to provide bank account verification services through a tender titled "Bank Account Validation". This procurement falls under the services category and has been awarded to Equifax UK. The contract is located in Glasgow, Edinburgh, and Dundee, with an estimated value of £105,000 over two years and an option to extend for an additional year valued at £65,000, totalling £170,000 if the extension is exercised. The procurement process followed an open method, completing its tender stage with a single bid received on 27 June 2018.

This contract represents a significant opportunity for businesses in the financial services or data verification sectors to engage with public sector contracts. Companies offering data management, compliance services, or related verification solutions may find this a suitable avenue for business growth. With a focus on bank account validation, providers in technology and financial analytics can leverage this procurement to expand their market presence and foster relationships within the public procurement space.

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Notice Title

Bank Account Validation

Notice Description

Bank account verification services.

Lot Information

Lot 1

The procurement was a call off from the Crown Commercial Services G-Cloud Framework.

Options: There is an option to extend for a further year up to a value of 65,000 GBP.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000547780
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN323596
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open 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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£105,000 £100K-£500K

Notice Dates

Publication Date
29 Jun 20187 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
27 Jun 20187 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
SCOTTISH GOVERNMENT
Contact Name
Margaret Riddell
Contact Email
margaret.riddell@gov.scot
Contact Phone
+44 1412420120

Buyer Location

Locality
EDINBURGH
Postcode
EH6 6QQ
Post Town
Edinburgh
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
TLM Scotland

Local Authority
City of Edinburgh
Electoral Ward
Leith
Westminster Constituency
Edinburgh North and Leith

Supplier Information

Number of Suppliers
1
Supplier Name

EQUIFAX

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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