Find a TenderAwarded

Published 30 Dec 2021, 16:05 GMT

Official UK procurement notice

Provision of Data Sets for the Market Surveillance Solution

Official notice

Authority: Financial Conduct Authority (Public body)

ServicesOpen procedure

Sectors: IT Services & Software (72) Delivery: UK

Published estimate£500,000exc. VAT · 1 value update51.3% above published estimate

Submissions closed 22 Apr 2022awarded 29 Jun 2022

Awarded to Refinitiv Limited

What is being bought

Published requirement description

This is the Contract Award Notice for the provision of Data Sets, covering Market Data and the Sentiment Analysis feed. These data sets are used in the FCA's Market Surveillance Solution.

CPV: Data services

The lotProcurement structure

single lot · no lot value published

Lot #1AwardedRenewal

Delivery: UK · UNITED KINGDOM

Extensions: There are two options to extend at the end of the initial sixty (60) month term. Both extension options are for 12 months. · There will be two renewal options, each for 12 months.Variant bids: not allowed

72300000 Data services

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

Quality: 25%Price: 75%

Published sub-criteria (7)

Scalability: 4%
Delivery: 4%
Flexibility: 4%
Retention: 4%
Implementation: 4%
Contract: 5%
Total Cost of Ownership: 75%

Published award criteria (7)

Scalability: 4
Delivery: 4
Flexibility: 4
Retention: 4
Implementation: 4
Contract: 5
Total Cost of Ownership: 75

What this means for your bid

Price carries 75 of 100 points: a 10% discount moves about 7.5 points. This one is won on the number: sharpen the price before polishing the prose.

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: 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: Yes (GPA)
Recurring procurement: No (one-off requirement)
First published: 30 Dec 2021, 16:05 GMT
Last source update: 5 Aug 2022, 12:05 BST
Award evaluation window: 22 Apr 2022 – …
Authority reference: CON-21-288
FTS notice number: 2022/S 000-021541
Classification (CPV): Data services
Delivery area: UK
Official registry OCID: ocds-h6vhtk-030654 Find a Tender

Review and risk notes

Review procedure: Precise information on deadline(s) for review procedures: 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: This is a Contract Award Notice for the Provision of Data Sets for the Market Surveillance Solution. The initial Term is for sixty (60) Months and will commence on the 1st September 2022 and will expire on the 31st August 2027. There are two options to extend, each being 12 months in duration. The award value of £756,290.56 ex VAT is for the initial term only. To view this notice, please click here: https://fca.delta-esourcing.com/delta/viewNotice.html?noticeId=711429172 GO Reference: GO-202285-PRO-20740688

How it was run

Official notice

Submission deadline: 22 Apr 2022, 11:59 BST
Submission channel: {"written"}
Accepted languages: en
Bids opened: 22 Apr 2022, 12:01 BST

Timeline

1 Apr 2022 → 5 Aug 2022 · 4 dates

Next notice expected
1 Apr 2022, 00:00 BST
Submission deadline
22 Apr 2022, 11:59 BST
Bids opened
22 Apr 2022, 12:01 BST
Notice published
5 Aug 2022, 12:05 BST

Notice history

5 events · 3 releases on Find a Tender · since 31 Mar 2022

Published value published: £500,000
31 Mar 2022, 19:05 BST
Status changed to active
31 Mar 2022, 19:05 BST
Procurement method changed
31 Mar 2022, 19:05 BST
Deadline published: 22 Apr 2022, 11:59 BST
31 Mar 2022, 19:05 BST
Status changed to complete
5 Aug 2022, 12:05 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £756,2911 contract exc. VAT

Bids received 4

Contracts signed 1latest 29 Jun 2022

Awarded to	Value	Date	Status
Refinitiv Limited	£756,291 †	—	Awarded

Contracts

Contract 021541-2022-CON-21-288-1 · Refinitiv Limited
Signed
29 Jun 2022
Value
£756,291
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
4bids · 4 electronic	0	—	—

Contracting authority & participating public bodies

Financial Conduct Authority

Contracting authorityPublic bodyBody governed by public lawEconomic affairs 12 Endeavour Square, London, UK, E20 1JNContact name, email, phone Published organisation website ↗

Dispute resolution & review bodies

High Court of England and WalesReview body London

Bidders & participating suppliers

1 commercial party on the notice

Refinitiv Limited and LSEG BusinessAwarded supplier00145516 5 Canada Square, Canary Wharf, London, UK, E14 5AQ

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

Economic and financial selection criteriatenderEconomic and financial selection criteria
Technical selection criteriatenderTechnical selection criteria