AWARD OUTCOME
What happened
British Business Bank PLC published an award notice for the Record Management - Design Phase, covering internal record lifecycle management and data retention. The notice records an active award to FREDWARD 16 LIMITED under a direct single-tender action below threshold.
Published outcomeOne active award is recorded, with a published award value of £142,500.
Market significanceThis is a short-duration, below-threshold direct services engagement in record-management design and data-retention work.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
FREDWARD 16 LIMITED
98% confidenceAward ocds-b5fd17-3dad024f-6927-420c-ac8d-15e4f876b495-1 · 142500 GBP · Active award
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The award identifies source supplier 'Fredward 16'; supplier verification resolves this to FREDWARD 16 LIMITED (company number 10050723). The award value is £142,500.
LIFECYCLE
Award or contract stage
Notice status
99% confidenceAwarded contract notice; source record marked complete
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The source describes an 'Awarded contract notice on Contracts Finder'; process display status is awarded and tender status is complete.
Award status
99% confidenceActive award
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Award ocds-b5fd17-3dad024f-6927-420c-ac8d-15e4f876b495-1 has status 'active'.
Contract signature
99% confidenceUnknown
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No explicit signature or contract-conclusion field is supplied.
Contract period
99% confidence2 April 2026 to 30 June 2026
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The award and tender contractPeriod specify these start and end dates.
VALUES
Published values explained
Published award value
99% confidence£142,500
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The award value is 142500 GBP.
Tender value range
99% confidence£100,000 to £142,500
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Tender minValue is £100,000 and tender value is £142,500.
TIMELINE
Procurement timeline
Tender submission deadline
99% confidence1 April 2026, 23:00 BST
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Tender period endDate is 2026-04-01T23:00:00+01:00.
Award date
99% confidence2 April 2026
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The award date is 2026-04-02T00:00:00+01:00.
Contract period start
99% confidence2 April 2026
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Award contractPeriod startDate is 2026-04-02T00:00:00+01:00.
Contract period end
99% confidence30 June 2026
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Award contractPeriod endDate is 2026-06-30T23:59:59+01:00.
Award notice publication
99% confidence19 October 2026
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The award notice document and award datePublished are dated 2026-10-19.
SCOPE
What was awarded
Requirement
97% confidenceInternal record lifecycle management and data retention design phase
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Process description: 'Internal Record Lifecycle Management - Data Retention'; title: 'Record Management - Design Phase'.
Procurement category
99% confidenceServices
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mainProcurementCategory is services.
Primary classification
99% confidenceCPV 72000000 — IT services: consulting, software development, Internet and support
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The supplied primary CPV classification is 72000000.
Delivery location
95% confidenceS1 2GQ
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The tender item delivery address has postal code S1 2GQ.
PROCEDURE
Procedure and competition
Procurement method
99% confidenceDirect
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procurementMethod is direct.
Method detail
99% confidenceSingle tender action (below threshold)
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procurementMethodDetails states 'Single tender action (below threshold)'.
Competition information
99% confidenceNot supplied
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No bid count, competing suppliers, evaluation scores or ranking information is supplied.
CONTRACT TERMS
Published contract terms
Stated term
99% confidence2 April 2026 to 30 June 2026
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The published contract period provides these dates.
Extension or renewal options
99% confidenceUnknown
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No extension or renewal terms are supplied.
Pricing detail
99% confidenceNot supplied beyond the published award value
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No rate card, milestone pricing, payment profile or pricing breakdown is supplied.
COMMERCIAL VIEW
Commercial observations
Engagement profile
93% confidenceShort, fixed-period design engagement
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The title identifies a design phase and the stated period runs from 2 April to 30 June 2026.
Route-to-market signal
99% confidenceDirect below-threshold award rather than an openly competed procedure
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The procurement method is direct and the method detail is single tender action below threshold.
DATA QUALITY
Gaps and source limitations
Publication timing
99% confidenceAward notice was published after the stated contract period began
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The contract period starts 2 April 2026, while the award notice was published 19 October 2026.
Contract execution evidence
99% confidenceInformation not supplied in the published notice
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The data records an active award and a contract period but does not explicitly confirm signature or execution.
Supplier identity
99% confidenceVerified legal identity available
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The source supplier name 'Fredward 16' was resolved through the supplied verification workflow to FREDWARD 16 LIMITED, company number 10050723.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- The notice does not explicitly confirm that a contract was signed or executed.
- No bid count, evaluation criteria, scores, unsuccessful suppliers or award rationale is supplied.
- No lot allocation, individual lot values, pricing breakdown, extension terms or renewal option is supplied.
- The award notice was published on 19 October 2026, after the stated contract period began on 2 April 2026.
MARKET THEMES
Relevant award themes
British Business Bank PLCFREDWARD 16 LIMITEDrecord managementdata retentiondirect awardContracts Finder
COMMON QUESTIONS
About this award
Who received the Record Management - Design Phase award?
The published award identifies a supplier verified as FREDWARD 16 LIMITED.
What is the published award value?
The published award value is £142,500.
What procurement route was used?
The notice records a direct single tender action below threshold.
When does the stated contract period end?
The stated contract period ends on 30 June 2026.
ProcuraAxis award analysis supplements, but does not replace, the official award notice, contract data or procurement documents. “Awarded” does not by itself prove that a contract has been signed.