Find a TenderAwarded
Published 29 Jan 2024, 16:25 GMT

Official UK procurement notice

Financial Markets data platform

Official notice

Authority: THE FINANCIAL REPORTING COUNCIL LIMITED (Central government)

ServicesOpen procedure
Published value£1,050,000published on the single lot · exc. VAT
Submissions closed 29 Feb 2024awarded 30 Apr 2024
Awarded to Refinitiv Limited

What is being bought

Published requirement description

The FRC requires, a source of financial market data. Our requirement is therefore subscription services with a database provider (with the breadth and depth of the data we require) that can provide the following content within the following data categories including but not limited to):

o Financial statements and accounting standards data

o Asset data

o Debt data

o Audit data

o Ownership data

o Operation and profit data

CPV: IT services: consulting, software development, Internet and support

The lotProcurement structure

single lot · value published
Lot #1Source of Financial Markets dataAwardedRenewalPublished value£1,050,000
Delivery: London
Extensions: Up to five (5) years duration in total. · 3 years initial term to the option to extend for a further 3 years.Variant bids: not allowed

What it takes to win
i

How this buyer will score bids.

The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).

Evaluation split and conditions of participation as published; the tender pack may add more
How bids were scored
  • Price
Conditions of participation2
  • Suitability

    Please see details in the tender pack.

  • Economic & financial standing

    Please see details in the tender pack.

Procedure terms & legal framework

From the official record
Procedure method
Open procedure
Legal basis
CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category
Services
Notice status
Awarded
Procurement threshold
Unspecified in notice
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Unspecified in notice
Recurring procurement
No (one-off requirement)
First published
29 Jan 2024, 16:25 GMT
Last source update
1 May 2024, 09:28 BST
Award evaluation window
29 Feb 2024 – …
Authority reference
FRC2023-0187
FTS notice number
2024/S 000-013985
Classification (CPV)
IT services: consulting, software development, Internet and support
Delivery area
London (UKI)
Official registry OCID
ocds-h6vhtk-04357f Find a Tender

How it was run

Official notice
Submission deadline
29 Feb 2024, 12:00 GMT
Submission channel
{"written"}
Accepted languages
en
Bid validity
90 days from the deadline
Bids opened
29 Feb 2024, 12:05 GMT

Timeline

29 Feb 2024 → 1 May 2024 · 3 dates
  1. Submission deadline
    29 Feb 2024, 12:00 GMT
  2. Bids opened
    29 Feb 2024, 12:05 GMT
  3. Notice published
    1 May 2024, 09:28 BST

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    1 May 2024, 09:28 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £717,7461 contract exc. VAT
Bids received 1
Contracts signed 1latest 30 Apr 2024
Awarded toValueDateStatus
Refinitiv Limited£717,746 †—Awarded

Contracts

  • Contract 013985-2024-1 · Refinitiv Limited

    Signed
    30 Apr 2024
    Value
    £717,746
    Status
    active

Bid statistics published by the authority

BidsSMEVCSEValid bid range
1bids———

Contracting authority & participating public bodies

THE FINANCIAL REPORTING COUNCIL LIMITED

Contracting authorityCentral GovernmentBody governed by public lawEconomic affairs GB-COH: 02486368 8Th Floor,125 London Wall, London, London, EC2Y5ASContact name, email, phone Published organisation website ↗

Dispute resolution & review bodies

  • Head of ProcurementReview body LondonContact email
  • The Financial Reporting CouncilReview body London

Bidders & participating suppliers

1 commercial party on the notice

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.