Award

AI Investment Portal

SCOTTISH NATIONAL INVESTMENT BANK

This public procurement record has 1 release in its history.

Award

16 Jun 2025 at 00:00

PCS Notice - Website Contract Award Notice
Summary of the contracting process

The Scottish National Investment Bank has completed the procurement process for the development of an AI Investment Portal, with Palladium Group Limited as the selected supplier. Situated in Edinburgh, the project falls within the services industry category and focuses on developing a bespoke AI platform to streamline investment processes. The procurement was carried out under a limited method, specifically an award procedure without prior publication of a call for competition, due to the specialised nature of the services required and the absence of suitable competition. The contract, valued at £71,280, was signed on 27 May 2025, with the award stage of the procurement process marked as complete.

This contract presents significant prospects for businesses specialising in AI technology solutions, particularly those capable of customising platforms to meet specific investment requirements. While the direct competition was not identified for this tender due to the bespoke nature of the project, the successful delivery could enhance the supplier's profile in the investment banking sector. Small and medium enterprises (SMEs) with innovative capabilities in AI and investment process enhancements would be well-positioned to explore similar opportunities, fostering business growth and expanding their service offerings. The efficiency improvements anticipated from the AI investment portal also pave the way for future collaborations and technological advancements.

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Notice Information

Notice Title

AI Investment Portal

Notice Description

The system is a bespoke investment related AI platform which has been specifically developed to help the Investment process.

Lot Information

Lot 1

The Bank wish to procure an AI tool designed to accelerate and support the Investment decision making process through the use of the AI portal. This will reduce the manual work currently needed to undertake various aspects of the investment decision making process which could lead to internal staff time savings and efficiency savings.

Procurement Information

The system is a bespoke investment related AI platform which has been specifically developed to help the Investment process. A direct competitor hasn't been identified that can provide the range of services and offerings that this specific platform can deliver which would meet the Bank's needs for a system principally around private investment.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000801238
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN532591
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

72266000 - Software consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£71,280 Under £100K

Notice Dates

Publication Date
16 Jun 20258 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
27 May 20259 months 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
SCOTTISH NATIONAL INVESTMENT BANK
Contact Name
Yvonne Dalgarno
Contact Email
yvonne.dalgarno@thebank.scot
Contact Phone
+44 7776549095

Buyer Location

Locality
EDINBURGH
Postcode
EH1 3EG
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
TLM75 City of Edinburgh
Local Authority
City of Edinburgh
Electoral Ward
City Centre
Westminster Constituency
Edinburgh East and Musselburgh

Supplier Information

Number of Suppliers
1
Supplier Name

PALLADIUM 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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