Award

Financial Planning, Forecasting and Budgeting Solution

FINANCIAL SERVICES COMPENSATION SCHEME

This public procurement record has 1 release in its history.

Award

05 Apr 2023 at 21:30

Summary of the contracting process

The Financial Services Compensation Scheme has successfully awarded a contract for a Financial Planning, Forecasting and Budgeting Solution. The contract value is £1,224,880 GBP, with the contract period starting on April 3, 2023, and ending on April 2, 2026. The buyer, Financial Services Compensation Scheme, located in London, UK, used an open procurement method for this goods procurement. The award was made on April 2, 2023, and the tender period ended on April 2, 2023.

This tender presents an opportunity for businesses, especially in the software package and information systems sector, to provide Financial Planning, Forecasting and Budgeting solutions to the Financial Services Compensation Scheme. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations are well-suited to compete due to the stated suitability. Businesses located in British Oversea Territories, Channel Islands, Europe, Isle of Man, the Rest of the World, and the United Kingdom are eligible to bid for this contract.

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Notice Title

Financial Planning, Forecasting and Budgeting Solution

Notice Description

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

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-028d898f-bbc0-4ec3-b226-e8bb08a15d19
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4ab9932e-73e2-4014-ad5a-4da6fd319c34
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48000000 - Software package and information systems

Notice Value(s)

Tender Value
£1,224,880 £1M-£10M
Lots Value
Not specified
Awards Value
£1,224,880 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
5 Apr 20232 years ago
Submission Deadline
1 Apr 2023Expired
Future Notice Date
Not specified
Award Date
1 Apr 20232 years ago
Contract Period
2 Apr 2023 - 2 Apr 2026 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
FINANCIAL SERVICES COMPENSATION SCHEME
Contact Name
Not specified
Contact Email
procurement@fscs.org.uk
Contact Phone
+442073758194

Buyer Location

Locality
LONDON
Postcode
EC3A 7QU
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
City of London
Electoral Ward
Portsoken
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

TAGETIK

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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