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AwardedFind a Tender · award

The Provision of a Loan Administration System

Buyer: Development Bank of Wales →

BuyerDevelopment Bank of Wales
StatusAwarded
DeadlineNot published
ValueValue not published
Published26 Jun 2026

What is being bought

This notice is being published to advise the market that the Development Bank of Wales has signed a contract with Pancredit Systems Limited to continue with the provision of a Loan Administration System ('LAS') to manage its SME loan portfolio.

Lot details

Lot 1

No lot description published.

Statuscomplete

Comparable-procurement analytics

No usable CPV category has been published, so a comparable market set cannot yet be built.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationaleA direct award is justified under Section 41 and Schedule 5 of the Procurement Act 2023, on the basis that a change in supplier would result in services that are incompatible with DBW’s existing systems, and that the resulting integration challenges would give rise to disproportionate technical and operational difficulties. DBW’s loan administration solution forms part of an embedded and highly integrated financial ecosystem, underpinning repayment processing and payment-enabled operational workflows. The current system is tightly coupled with existing infrastructure, including repayment processes, APIs and back-office systems, and supports core operational activity. Introducing a replacement supplier would necessitate significant redevelopment and reconfiguration, including: Redesign of existing processes and system architecture Rebuilding and testing of integrations (including APIs) Re-engineering of back-office systems This would require substantial internal and external resource, including specialist capability not currently held in-house, resulting in additional cost and delivery risk. A change in supplier would also create material operational risk, including: Potential service disruption during migration Risk to payment processing continuity, impacting revenue collection and customer experience Requirement for dual running, cutover planning and stabilisation support, increasing operational burden Extensive staff retraining and process transition activity These impacts arise directly from replacing an integrated, business-critical service, rather than switching a standalone or self-contained product. Any interruption or degradation in payment processing would present a significant risk to operational continuity, particularly where timely payment acceptance is integral to service delivery and DBW’s ability to meet its obligations. The incumbent solution is proven in service, supports operational stability, and ensures continuity of critical payment-enabled processes. On this basis, a change in supplier would result in disproportionate technical and operational difficulties, satisfying the criteria set out in Schedule 5.
Rationale classificationssingleSuppliersTechnicalReasons
Special regimeNot published
Covered byGPA, CPTPP
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Awards

Contracts

The Provision of a Loan Adminstration System

Statusactive
Value£2,202,930

Documents & submission route

  • Not published

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-06b414
Latest release ID060485-2026
Latest release timestampFri Jun 26 2026 14:49:22 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statuscomplete
Procurement methoddirect
Procurement method detailsDirect award
Main procurement categoryNot published
Above thresholdNot published
Legal basis2023/54
Tender period: startNot published
Tender period: endNot published
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: startNot published
Award period: endNot published
Submission method detailsNot published
Submission languagesNot published
Electronic catalogue policyNot published
Total tender valueNot published
Tender lots in source1
Tender items in source0
Tender documents in source1
Awards in latest release1
Contracts in latest release1
Parties in latest release2

Notice history

DateEventReference
26 Jun 2026award, contract060485-2026
19 Jun 2026award, contract058025-2026
12 Jun 2026award, contract055704-2026

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
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    "legalBasis": {
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      "aboveThreshold": true,
      "noAgreedMetricsRationale": "The contract is below £5m"
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Complete JSON history (3 releases)
26 Jun 2026 · 060485-2026 · award, contract
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19 Jun 2026 · 058025-2026 · award, contract
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12 Jun 2026 · 055704-2026 · award, contract
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      }
    ],
    "title": "The Provision of a Loan Administration System",
    "status": "complete",
    "documents": [
      {
        "id": "conflictOfInterest",
        "description": "Not published",
        "documentType": "conflictOfInterest"
      }
    ],
    "legalBasis": {
      "id": "2023/54",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents",
      "scheme": "UKPGA"
    },
    "description": "This notice is being published to advise the market of Development Bank of Wales' intention to award a contract to Pancredit Systems to continue with the provision of a Loan Administration System (‘LAS’) to manage its SME loan portfolio. ",
    "procurementMethod": "direct",
    "procurementMethodDetails": "Direct award",
    "procurementMethodRationale": "A direct award is justified under Section 41 and Schedule 5 of the Procurement Act 2023, on the basis that a change in supplier would result in services that are incompatible with DBW’s existing systems, and that the resulting integration challenges would give rise to disproportionate technical and operational difficulties.\nDBW’s loan administration solution forms part of an embedded and highly integrated financial ecosystem, underpinning repayment processing and payment-enabled operational workflows. The current system is tightly coupled with existing infrastructure, including repayment processes, APIs and back-office systems, and supports core operational activity.\nIntroducing a replacement supplier would necessitate significant redevelopment and reconfiguration, including:\nRedesign of existing processes and system architecture\nRebuilding and testing of integrations (including APIs)\nRe-engineering of back-office systems\nThis would require substantial internal and external resource, including specialist capability not currently held in-house, resulting in additional cost and delivery risk.\nA change in supplier would also create material operational risk, including:\nPotential service disruption during migration\nRisk to payment processing continuity, impacting revenue collection and customer experience\nRequirement for dual running, cutover planning and stabilisation support, increasing operational burden\nExtensive staff retraining and process transition activity\nThese impacts arise directly from replacing an integrated, business-critical service, rather than switching a standalone or self-contained product.\nAny interruption or degradation in payment processing would present a significant risk to operational continuity, particularly where timely payment acceptance is integral to service delivery and DBW’s ability to meet its obligations.\nThe incumbent solution is proven in service, supports operational stability, and ensures continuity of critical payment-enabled processes. On this basis, a change in supplier would result in disproportionate technical and operational difficulties, satisfying the criteria set out in Schedule 5.",
    "procurementMethodRationaleClassifications": [
      {
        "id": "singleSuppliersTechnicalReasons"
      }
    ]
  },
  "parties": [
    {
      "id": "GB-PPON-PCWM-6438-QYVP",
      "name": "Development Bank of Wales",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKL22",
        "country": "GB",
        "locality": "Cardiff",
        "postalCode": "CF10 4BZ",
        "countryName": "United Kingdom",
        "streetAddress": "Development Bank of Wales plc"
      },
      "details": {
        "url": "http://www.developmentbank.wales",
        "classifications": [
          {
            "id": "publicAuthorityCentralGovernment",
            "scheme": "UK_CA_TYPE",
            "description": "Public authority - central government"
          },
          {
            "id": "GB-WLS",
            "scheme": "UK_CA_DEVOLVED_REGULATIONS",
            "description": "Welsh devolved regulations apply"
          }
        ]
      },
      "identifier": {
        "id": "PCWM-6438-QYVP",
        "scheme": "GB-PPON"
      },
      "contactPoint": {
        "name": "Sarah Patnett",
        "email": "sarah.patnett@developmentbank.wales",
        "telephone": "+442920338134"
      }
    },
    {
      "id": "GB-PPON-PTNX-6995-YDDH",
      "name": "Pancredit Systems Ltd",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UKJ27",
        "country": "GB",
        "locality": "Worthing, West Sussex",
        "postalCode": "BN99 3HH",
        "countryName": "United Kingdom",
        "streetAddress": "Highdown House, Yeoman Way"
      },
      "details": {
        "vcse": false,
        "scale": "large"
      },
      "identifier": {
        "id": "PTNX-6995-YDDH",
        "scheme": "GB-PPON"
      },
      "contactPoint": {
        "email": "legal.notice@lenvi.com"
      }
    }
  ],
  "language": "en",
  "initiationType": "tender"
}