United Kingdom11 days leftOpen

The Provision of Credit Referencing Services

Tender Overview

LOCATION

United Kingdom, United Kingdom

VALUE

£1,500,000

DEADLINE

February 13, 2026 at 12:00

CATEGORY

Other

CPV CODE

66000000

REFERENCE

002065-2026

Project Timeline

Contact Information

View Original

Original Tender Description

The Development Bank of Wales Group (DBW) is undertaking a key strategic project aimed at driving operational efficiencies, enhancing data accuracy and improving scalability throughout the customer journey. As part of this initiative, we are seeking a collaborative partner to deliver an integrated solution that streamlines our customer due diligence and credit risk assessment processes using commercial and consumer credit bureau data; eliminating manual data entry and enabling intelligent and responsible lending decisions. DBW currently operates two separate systems; one focused on identity and address verification, PEPs, Sanctions, adverse media, law enforcement and consumer monitoring, the other a credit referencing solution, providing reports on companies, consumers, directors, international business, consumer watchlist and company monitoring. This dual system approach presents an opportunity for consolidation of services. The DBW Group currently utilises a web-based service for its credit referencing solution. This is used by all companies within the DBW Group. The identity and address solution is used by DBW Investments and Green Homes Wales; this is a web-based application for sending IDV links and reviewing the outputs. Please refer to the Invitation to Tender for the full specification. Please note the contract value is an estimate.

ELIGIBILITY REQUIREMENTS

  • Must hold specific professional liability insurance.
  • Must hold specific cyber liability insurance.
  • Must hold specific employers' liability insurance.
  • Must hold specific public liability insurance.
🔧

TECHNICAL CAPABILITY REQUIREMENTS

  • Must deliver an integrated solution for customer due diligence and credit risk assessment.
  • Solution must streamline customer due diligence processes.
  • Solution must streamline credit risk assessment processes.
  • Solution must utilize commercial credit bureau data.
  • Solution must utilize consumer credit bureau data.
  • Solution must eliminate manual data entry.
  • Solution must enable intelligent lending decisions.
  • Solution must enable responsible lending decisions.
  • Solution must be capable of consolidating existing dual systems (IDV/monitoring and credit referencing).
  • Solution must provide identity and address verification.
  • Solution must provide PEPs (Politically Exposed Persons) screening.
  • Solution must provide Sanctions screening.
  • Solution must provide adverse media screening.
  • Solution must provide law enforcement checks.
  • Solution must provide consumer monitoring.
  • Solution must provide credit referencing reports on companies.
  • Solution must provide credit referencing reports on consumers.
  • Solution must provide credit referencing reports on directors.
  • Solution must provide credit referencing reports on international business.
  • Solution must provide a consumer watchlist.
  • Solution must provide company monitoring.
  • Solution for credit referencing must be web-based.
  • Solution for identity and address verification must be web-based.
  • Solution for identity and address verification must support sending IDV links.
  • Solution for identity and address verification must support reviewing IDV outputs.
  • The solution must be scalable throughout the customer journey.
  • The solution must enhance data accuracy.
  • The solution must drive operational efficiencies.
📋

SUBMISSION REQUIREMENTS

  • Submission must be made by 2026-02-13 12:00:00.
  • Bidders must refer to the Invitation to Tender (ITT) for the full specification and details.

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PDF
Official PDF Version
PDF002065-2026_official.pdf
Summary:
This tender notice from the Development Bank of Wales seeks a partner for an integrated credit referencing and due diligence solution, requiring specific professional, cyber, employers, and public liability insurance for participation.

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68
Good

Tender Quality Score

The tender outlines a clear strategic objective for consolidating credit referencing and identity verification services. However, the complete absence of comprehensive tender documents makes a thorough quality assessment impossible, raising significant concerns about transparency and the ability for bidders to prepare comprehensive proposals.

Score Breakdown

Legal Compliance100/100

The tender mentions 'MANDATORY EXCLUSION GROUNDS,' which is a standard legal requirement. However, without the full tender documents, it's impossible to verify if all relevant legal and regulatory requirements (e.g., GDPR compliance for data processing, specific financial services regulations) are adequately addressed or requested from bidders.

Lack of full tender documents prevents verification of comprehensive legal compliance requirements.
Clarity40/100

The description and extracted requirements provide a relatively clear overview of the desired integrated solution and its functionalities. The distinction between current systems and the desired consolidated approach is well articulated. However, the absence of full documents means the detailed specifications, terms, and conditions, which are crucial for clarity, are missing.

Absence of full tender documents leads to ambiguity regarding detailed specifications, terms, and conditions.
Completeness83/100

Based solely on the provided text, the functional requirements appear comprehensive for the stated goal. However, critical components of a tender, such as evaluation criteria, detailed technical specifications, contractual terms, and pricing schedules, are explicitly missing, as confirmed by automated checks.

No documents attached or available.
Missing evaluation criteria.
Fairness60/100

The extensive and specific requirements for an integrated solution covering a broad range of services might favor larger, established providers with existing comprehensive platforms. The lack of evaluation criteria makes it impossible to assess how proposals will be judged fairly. The requirement to consolidate two existing systems into a new integrated solution could potentially be tailored towards a specific company already offering such a comprehensive platform.

Broad and extensive requirements might limit competition to larger, established providers.
Lack of evaluation criteria makes fair assessment of proposals impossible.
Practicality40/100

The stated goal of consolidating systems for operational efficiency and data accuracy is highly practical for the procuring entity. However, for bidders, the practicality is severely hampered by the lack of full documentation. Without detailed specifications, APIs, data formats, security requirements, and implementation timelines, it is impractical to formulate accurate and competitive proposals.

Lack of detailed documentation (specifications, APIs, security, timelines) makes it impractical for bidders to prepare comprehensive proposals.
Data Consistency100/100

The provided description and extracted requirements are consistent with each other, outlining a clear need for an integrated credit referencing and IDV solution. The estimated value and contract duration also appear consistent with the described scope.

Sustainability25/100

The tender description focuses on operational efficiencies and scalability, contributing to the bank's long-term operational sustainability. However, there are no explicit 'green procurement' or 'social criteria' mentioned or requested from bidders, as noted by the automated check.

No explicit green procurement or social criteria.

Strengths

Clear strategic objective for operational efficiency and data accuracy.
Comprehensive functional requirements for the desired integrated solution.
Open procedure encourages broad participation.
Innovation focus indicates openness to modern solutions.
Estimated value and contract duration are clearly stated.

Concerns

Critical: Complete absence of tender documents, making proper assessment and bid preparation impossible.
Missing evaluation criteria, leading to a lack of transparency and fairness in assessment.
Extensive and specific requirements for an integrated solution might limit competition and potentially be tailored to a specific market leader.
Lack of detailed technical specifications, implementation requirements, and contractual terms.
No explicit green procurement or social criteria.

Recommendations

1. Immediately publish all comprehensive tender documents, including detailed specifications, evaluation criteria, and contractual terms, to ensure transparency and enable fair competition.
2. Review the breadth and specificity of requirements to ensure they are genuinely necessary and do not unduly restrict competition, potentially considering modular approaches if feasible.
3. Incorporate explicit sustainability (environmental and social) criteria into the tender to align with modern public procurement best practices.

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Tender Quality Score
68/ 100 · Good

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