AWARD OUTCOME
What happened
British Business Bank Plc published a contract award notice naming EQUIFAX LIMITED for data validation and authentication services supporting Start Up Loans underwriting. The award covers API-integrated credit, fraud and identity checks for a Salesforce-based origination platform.
Published outcomeAward 1 is recorded as active, with EQUIFAX LIMITED as the sole named supplier. A future signature date of 1 November 2026 is scheduled, so the supplied data does not confirm that a contract has been signed.
Market significanceThis is an above-threshold framework call-off for credit, fraud and identity-risk checking services, with a stated award value of £960,000 excluding VAT (£1,152,000 including VAT).
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
EQUIFAX LIMITED
99% confidenceAward 1 · Lots 1 · 960000 GBP · Verified supplier named on active award record
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Supplier verification identifies EQUIFAX LIMITED, company number 02425920, by company-number match. Award 1 names this supplier and states £960,000 excluding VAT.
LIFECYCLE
Award or contract stage
Published notice
99% confidenceContract award notice published 15 October 2026
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Award document 097402-2026 is described as a 'Contract award notice on Find a Tender' and has publication date 2026-10-15T11:53:45+01:00.
Award status
95% confidenceActive award record
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Award 1 has status 'active' and award date 2026-10-15.
Signature status
99% confidenceNot evidenced as signed; future signature scheduled for 1 November 2026
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Award milestone type 'futureSignatureDate' is scheduled for 2026-11-01T23:59:59+00:00.
Planned service period
99% confidence1 March 2027 to 29 February 2028
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Award 1 contractPeriod gives startDate 2027-03-01 and endDate 2028-02-29.
VALUES
Published values explained
Award value excluding VAT
99% confidence£960,000
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Award 1 value.amount is 960000 GBP.
Award value including VAT
99% confidence£1,152,000
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Award 1 value.amountGross is 1152000 GBP.
Value allocation
93% confidenceAward-level value allocated to the sole named supplier and lot 1
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Award 1 names one supplier, EQUIFAX LIMITED, and relates to lot 1.
TIMELINE
Procurement timeline
Award date
99% confidence15 October 2026
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Award 1 date is 2026-10-15.
Notice publication
99% confidence15 October 2026
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Award notice document was published on 2026-10-15T11:53:45+01:00.
Scheduled signature date
99% confidence1 November 2026
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Scheduled futureSignatureDate milestone is 2026-11-01T23:59:59+00:00.
Planned contract start
99% confidence1 March 2027
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Award 1 contractPeriod.startDate is 2027-03-01.
Planned base end
99% confidence29 February 2028
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Award 1 contractPeriod.endDate is 2028-02-29T23:59:59+00:00.
SCOPE
What was awarded
Service requirement
97% confidenceReal-time credit, fraud and identity-risk checks for loan applications and underwriting
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Notice description specifies credit and fraud checking to assess applicant eligibility, affordability and identity risk.
Technology integration
97% confidenceAPI integration with a Salesforce-based origination platform
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Notice description states that the capability is integrated directly into SULCo's Salesforce-based origination platform via API.
Use of outputs
97% confidenceOutputs will feed Salesforce rules used to assess suitability for a Start Up Loan
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Notice description states the checks are processed through rules configured within Salesforce.
Classification
99% confidenceFinancial and insurance services (CPV 66000000)
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Award item 1 has additional classification CPV 66000000.
Delivery location
95% confidenceUnited Kingdom
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Award item delivery address region is UK.
PROCEDURE
Procedure and competition
Procurement method
99% confidenceSelective procedure; award under framework
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Tender records procurementMethod 'selective' and procurementMethodDetails 'Award under framework'.
Competition indicator
90% confidenceCompetitive procurement indicated
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Tender field competitive is true.
Framework reference
99% confidenceocds-h6vhtk-050270
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Related process with relationship 'framework' identifies ocds-h6vhtk-050270.
Bidder and evaluation information
99% confidenceUnknown
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Information not supplied in the published notice data.
CONTRACT TERMS
Published contract terms
Base term
98% confidence12 months
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The stated period runs from 1 March 2027 to 29 February 2028.
Extension options
99% confidenceTwo optional annual extensions
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Award renewal description states 'Two optional annual extensions'.
Maximum potential end date
99% confidence28 February 2030
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Award contractPeriod.maxExtentDate is 2030-02-28T23:59:59+00:00.
Contract conclusion
99% confidenceNot confirmed
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The record includes a future scheduled signature milestone rather than evidence of signature or execution.
COMMERCIAL VIEW
Commercial observations
Commercial model signal
93% confidenceFramework-based award for integrated decisioning-data services
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The procurement is recorded as an award under framework and requires API-integrated credit, fraud and identity checks.
Award economics
96% confidence£960,000 excluding VAT across the stated base term, with optional extensions
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Award 1 states £960,000 excluding VAT, a 1 March 2027 to 29 February 2028 base period, and two optional annual extensions.
DATA QUALITY
Gaps and source limitations
Award versus signed contract
99% confidenceThe notice is an award notice, but the supplied record schedules a future signature date; analysis therefore treats signature and contract conclusion as unconfirmed.
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Award document is an award notice; futureSignatureDate is scheduled for 1 November 2026.
Supplier identity quality
99% confidenceSupplier identity is verified by company number.
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Supplier verification status is verified using company-number match to EQUIFAX LIMITED, 02425920.
Lot detail quality
99% confidenceLot 1 has no published title, description or separate lot value.
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Lot 1 fields for title, description and value are null.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- Information on bids received, bidder identities, evaluation criteria, scores and award rationale was not supplied in the published notice data.
- The source does not provide a lot title, lot description, individual lot value or pricing breakdown for lot 1.
- Signature is scheduled in the record but is not evidenced as completed; the award must not be treated as a signed or commenced contract.
- Information on service levels, volumes, implementation arrangements and detailed extension pricing was not supplied in the published notice.
MARKET THEMES
Relevant award themes
British Business BankEQUIFAX LIMITEDdata validationauthentication servicescredit checksfraud checksidentity verificationStart Up Loans
COMMON QUESTIONS
About this award
Who was named as the supplier?
EQUIFAX LIMITED, verified under company number 02425920.
What is the stated award value?
£960,000 excluding VAT, or £1,152,000 including VAT.
Has the contract been signed?
The supplied data does not confirm signature; it records a future signature date of 1 November 2026.
When is the planned service period?
The stated base period is 1 March 2027 to 29 February 2028, with two optional annual extensions.
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.