Official UK procurement notice
Market Data Processing System
Authority: Financial Conduct Authority
What is being bought
Published requirement descriptionThis Notice does not relate to the award of a new Contract but to a modification to an existing contract in accordance with Regulation 72(1)(b) of the Public Contracts Regulations 2015. The Contract modification addressed by this Notice is for the provision of the Market Data Processing System originally awarded in OJEU under reference 2016/S 059-100118
CPV: Compliance software package · Development of transaction processing and custom software · Financial systems software package · Financial transaction processing and clearing-house services · Helpdesk and support services · Helpdesk services · IT services: consulting, software development, Internet and support · IT software development services · Programming services of application software · Software development services · Software support services · System and support services
The lotProcurement structure
single lot · no lot value publishedLot #1Markets Data Processor (MDP) is an externally managed platform that collects MiFID II…Awarded
Markets Data Processor (MDP) is an externally managed platform that collects MiFID II / MAR data from Market Participants, validates the data, supports data management. The data is used at the FCA to supervise financial markets, primarily for the detection of market abuse, market manipulation and breeches of commodity derivatives position limits.
Following a Request for Information (RFI) process, advertised through The UK Find a Tender Service under reference 2022/S 000-008070, it has been determined to enable a future procurement, which is both fair and transparent a modification to the existing platform is required. This modification is to simplify the solution, refreshing legacy system components to ensure business continuity while a future procurement is undertaken. Allowing sufficient time for process and transition to take place without business interruption.
The FCA has taken the decision, subject to Regulation 72(1)(b) to modify the existing end date of the contract from the 14th April 2023 to the 14th April 2026, this includes the year 8 option, which would have run from 15th April 2023 to the 14th April 2024 and as such this modification is for an additional 2 (two) years based maximum term of the Contract. The value of the modification is £10,750,000 ex VAT. The original Award value of the Market Data Processing Solution was £23,500,000 ex VAT and published in OJEU under reference 2016/S 059-100118. The new end date reflects the time and the technical work required to update, simplify the solution and document the new architecture in readiness for the future procurement. Additional information: This Notice does not relate to the award of a new Contract but to a modification to an existing contract in accordance with Regulation 72(1)(b) of the Public Contracts Regulations 2015. The Contract modification addressed by this Notice is for the provision of the Market Data Processing System originally awarded in OJEU under reference 2016/S 059-100118
What it takes to wini
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 morei
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).
Published sub-criteria (5)
- Quality of the proposed solution: 15%
- Ability to deliver: 40%
- Corporate responsibility: 5%
- Price: 30%
- Value for Money: 10%
Published award criteria (5)
- Quality of the proposed solution: 15
- Ability to deliver: 40
- Corporate responsibility: 5
- Price: 30
- Value for Money: 10
- Price carries 40 of 100 points: a 10% discount moves about 4 points. The method statement decides this lot, not the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Competitive dialogue
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Goods
- 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
- Yes (GPA)
- Recurring procurement
- Unspecified in notice
- First published
- 4 Jul 2022, 13:37 BST
- Last source update
- 4 Jul 2022, 13:37 BST
- FTS notice number
2022/S 000-018158- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-034d96Find a Tender
- Review procedure
Any review proceedings will be dealt with in accordance with the requirements of the Public Contracts Regulations 2015 ('PCR 2015'). Any review proceedings must be brought within the timescales specified by the applicable law, including, without limitation, PCR 2015.
Publisher note: The total value of the award is the original value plus the modification value, so £23,500,000 plus £10,750,000 resulting in a total value of £34,250,000 ex VAT. This excludes the value of any small contract changes or any associated indexation on core charges to date. To view this notice, please click here: https://fca.delta-esourcing.com/delta/viewNotice.html?noticeId=702350698 GO Reference: GO-202271-PRO-20535127
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Sopra Steria Limited | £34,250,000 † | — | Awarded |
Contracts
Contract 018158-2022-ACT-15-004-1 · Sopra Steria Limited
- Signed
- 22 Mar 2016
- Value
- £34,250,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 3bids · 3 electronic | — | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High Court of England and WalesReview body
Bidders & participating suppliers
1 commercial party on the notice- Sopra Steria LimitedAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.