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Official procurement procedure
Financial Planning, Forecasting and Budgeting Solution
Software package and information systems
UK
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Financial Services Compensation Scheme: "Financial Planning, Forecasting and Budgeting Solution". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
| Contracting Authority | Financial Services Compensation Scheme | Scope & Categories | Not published | Submission Window | complete No deadline published |
|---|---|---|---|---|---|
| Submission Gateway | Direct notice route | Legal Basis & Regime | Standard procurement | Estimated Value (exc. VAT) | Not published |
Bidder Intelligence · Authority Profile: Financial Services Compensation Scheme
Market Analytics
Derived from OCDS awards & bid statistics
Published history for Financial Services Compensation Scheme. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Average Price Reduction
Not availableInsufficient comparable data
Competition Density
6.9Bids / Report
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate availablePayment Terms
Check noticePublished terms
Coverage: 24 active published awards; 24 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Price reduction compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityFinancial Services Compensation Scheme | Procedure methodNot published | Procurement categoryNot published |
Statuscomplete | Framework / DPSNot published | CompetitionNot published |
Above thresholdNot published | Legal basisNot published | Tender period startsNot published |
Clarification deadlineNot published | Electronic submissionNot published | Submission languagesNot published |
Published6 Apr 2023, 10:05 BST | Last source update6 Apr 2023, 10:05 BST | Recurring procurementNot published |
ClassificationSoftware package and information systems | ||
Delivery area UK | ||
OCIDocds-h6vhtk-036761 | ||
What is being bought
FSCS has procured Financial Planning, Forecasting and Budgeting solution. The new solution would support the business to do the following: •Prepare regular forecasts and annual budgets of all cost and revenue accounts in a simple and easily updatable manner; •Prepare regular forecasts of non-financial information e.g. headcount and claims volumes; •Monitor actuals against budget and forecasts enabling management to easily identify, understand and report variances; •Allocation of costs (actuals and forecast) to several categories e.g. for activity-based costing analysis and to various funding categories for levy calculations; and •Report to senior management, Board and externally. This includes licences, implementation and annual support and maintenance
What changed
From the official release history
- tender value changed
6 Apr 2023, 10:05 BST - Status changed to complete
6 Apr 2023, 10:05 BST - Official notice release published
6 Apr 2023, 10:05 BST - Submission deadline changed to published date
6 Apr 2023, 10:05 BST - Published value updated to £1,150,000
9 Sept 2022, 16:05 BST - Status changed to active
9 Sept 2022, 16:05 BST - Official notice release published
9 Sept 2022, 16:05 BST - Submission deadline changed to 28 Oct 2022, 14:00 BST
9 Sept 2022, 16:05 BST - Buyer information updated
9 Sept 2022, 16:05 BST
Lots and requirements (1)
Published by the contracting authority
- Lot 1 · #1Individual lot title not publishedcancelledPublished valueNot publishedFSCS has procured Financial Planning, Forecasting and Budgeting solution. The new solution would support the business to do the following: •Prepare regular forecasts and annual budgets of all cost and revenue accounts in a simple and easily updatable manner; •Prepare regular forecasts of non-financial information e.g. headcount and claims volumes; •Monitor actuals against budget and forecasts enabling management to easily identify, understand and report variances; •Allocation of costs (actuals and forecast) to several categories e.g. for activity-based costing analysis and to various funding categories for levy calculations; and •Report to senior management, Board and externally. This includes licences, implementation and annual support and maintenanceContract periodNot publishedEligibilityNot publishedOptions / renewalNot published
Timeline
- Procedure published
6 Apr 2023, 10:05 BST - Award active
Not published · Not published - Contract active
Signed 2 Apr 2023, 00:00 BST · £1,224,880
Commercial outcome and competition
Awards Tagetik UK Limited Not published · Not published · active |
Contracts Finance Planning, Forecasting, Budgeting Solution £1,224,880 · signed 2 Apr 2023, 00:00 BST · active |
Bid statistics bids: 9 (lot 1) |
Buyer and organisations in this procedure
Financial Services Compensation Scheme
Contracting authority GB-FTS-860Documents (0)
Official links; attachments are not copied
No linked documents are published
Related procedures (0)
No related procedures published