MOBILIST Product Platform

Concepts

• foreign economic aid
• mobilist product platform
• mobilist
• scalable and replicable financial products
• the broader mobilist initiative
• platform
• sustainable development goal
• early termination
• sustainable development
• public markets

Location

London

Description

The Product Platform aims to identify and prioritise high-impact investments for potential listing on UK or local exchanges, working closely with the broader MOBILIST initiative to guide these products through design, launch, investment, and IPO stages. The programme also deploys targeted Technical Assistance to develop financial infrastructure deemed a global public good.

Total Quantity or Scope

The MOBILIST platform is a flagship initiative by the UK government aimed at mobilising institutional capital to support sustainable development and the climate transition. It focuses on developing scalable and replicable financial products that align with the Sustainable Development Goals (SDGs) and aims to close the financing gap in developing countries. An FCDO policy initiative aimed at addressing barriers to capital formation in public markets for Sustainable Development Goal (SDG) financing. The Product Platform aims to identify and prioritise high-impact investments for potential listing on UK or local exchanges, working closely with the broader MOBILIST initiative to guide these products through design, launch, investment, and IPO stages. The programme also deploys targeted Technical Assistance to develop financial infrastructure deemed a global public good.

Award Detail

Renewal Options

The contract included options for flexibility and transformation. With agreement from both the FCDO and the supplier, these options allowed for: (1) an increase in contract value of up to 20%, which was utilised in March 2022, and (2) an extension of the contract duration by up to 12 months. This modification will extend the contract by 12 months, from 31 March 2026 to 31 March 2027, and increase the contract value from £6,631,667 (excluding VAT) to £8,960,000 (excluding VAT)

CPV Codes

• 75211200 - Foreign economic-aid-related services

Indicators

• Options are available.
• Award on basis of price and quality.

Legal Justification

The Foreign, Commonwealth & Development Office (FCDO) intends to award a 12- month extension and financial uplift of £2,263,333 (Ex VAT) to the MOBILIST Policy Platform contract with Palladium International Ltd. This amendment includes an option for early termination and is made under Regulation 72(1)(e) of the Public Contracts Regulations 2015, which permits modifications that are not substantial within the meaning of paragraph (8). FCDO considers that the extension can be awarded without prior publication of a notice under Part 2 of the Public Contracts Regulations 2015 but has elected to use the procedure in regulation 99(3) (VEAT notice). The contract contains a provision allowing for a 12-month extension, until March 2027 which this amendment will utilise. The contract contains a specific provision allowing for a 20% increase in the contract value, utilised in 2022. This amendment will see a further financial uplift to cover additional services delivered during the extension period. The nature and scope of the contract remain unchanged. This amendment does not materially alter or expand the contract scope and therefore does not constitute a substantial modification. Palladium will continue to deliver the same core services: Identify investments and supporting the launch of financial products. No new deliverables or strategic shifts are introduced. The amendment is necessary to ensure continuity of service provision while decisions on the future structure of the MOBILIST programme are finalised. FCDO originally planned to re-procure these services in February 2025. However, this procurement was paused following the shift of UK ODA budget to 0.3%. The MOBILIST programme is now undergoing a strategic options assessment, and as a result the scope of future service delivery for the programme will remain unclear until the outcome of that assessment is known. This extension will allow for continuity of service delivery until the future structure of the programme is approved, and a targeted procurement for the delivery of the required services can be launched. Proceeding with a new procurement before the completion of the options assessment would introduce significant risks, including the potential for wasted supplier resources in competing for a contract which might need to be cancelled or terminated early after award. Before entering the proposed contract amendment, the Authority will observe the standstill period of 10 calendar days from the day after publication on the UK e-notification service required by the Public Contracts Regulations 2015 at regulation 99 before executing the amendment allowing all relevant parties adequate time to review and respond

Other Information

This amendment retains the right for early termination The Foreign, Commonwealth & Development Office (FCDO) intends to award a 12- month extension and financial uplift of £2,328,333 (Ex VAT) to the MOBILIST Policy Platform contract with Palladium International Ltd. This amendment includes an option for early termination and is made under Regulation 72(1)(e) of the Public Contracts Regulations 2015, which permits modifications that are not substantial within the meaning of paragraph (8). FCDO considers that the extension can be awarded without prior publication of a notice under Part 2 of the Public Contracts Regulations 2015 but has elected to use the procedure in regulation 99(3) (VEAT notice). The contract contains a provision allowing for a 12-month extension, until March 2027 which this amendment will utilise. The contract contains a specific provision allowing for a 20% increase in the contract value, utilised in 2022. This amendment will see a further financial uplift to cover additional services delivered during the extension period. The nature and scope of the contract remain unchanged. This amendment does not materially alter or expand the contract scope and therefore does not constitute a substantial modification. Palladium will continue to deliver the same core services: Identify investments and supporting the launch of financial products. No new deliverables or strategic shifts are introduced. The amendment is necessary to ensure continuity of service provision while decisions on the future structure of the MOBILIST programme are finalised. FCDO originally planned to re-procure these services in February 2025. However, this procurement was paused following the shift of UK ODA budget to 0.3%. The MOBILIST programme is now undergoing a strategic options assessment, and as a result the scope of future service delivery for the programme will remain unclear until the outcome of that assessment is known. This extension will allow for continuity of service delivery until the future structure of the programme is approved, and a targeted procurement for the delivery of the required services can be launched. Proceeding with a new procurement before the completion of the options assessment would introduce significant risks, including the potential for wasted supplier resources in competing for a contract which might need to be cancelled or terminated early after award. Before entering the proposed contract amendment, the Authority will observe the standstill period of 10 calendar days from the day after publication on the UK e-notification service required by the Public Contracts Regulations 2015 at regulation 99 before executing the amendment allowing all relevant parties adequate time to review and respond