Award

Financial Times Subscription

GOVERNMENT ACTUARY DEPARTMENT

This public procurement record has 2 releases in its history.

AwardUpdate

14 Oct 2024 at 14:55

Award

14 Oct 2024 at 12:33

Summary of the contracting process

The Government Actuary Department, located in London, has awarded a contract for a three-year subscription to FT.com, under the title "Financial Times Subscription". Classified under newspapers, journals, periodicals, and magazines (CPV code 22200000), this contract falls within the goods category. The procurement process utilised a single-source method and has now reached the award phase, with the contract value amounting to £98,374. The tender period ended on 1st November 2023, and the contract period runs from 11th November 2023 to 10th November 2026.

This tender presents significant opportunities for businesses specialising in digital content and subscription services, particularly those capable of providing value to governmental departments. Although the contract has been awarded to The Financial Times Ltd, there are ample opportunities for small and medium-sized enterprises (SMEs) and organisations affiliated with the voluntary, community, and social enterprise (VCSE) sectors to engage in similar procurement opportunities in future. The Government Actuary Department’s procurement might inspire other governmental bodies to pursue similar subscriptions, creating potential market growth for service providers in this domain.

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Notice Title

Financial Times Subscription

Notice Description

3 year subscription to FT.com

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-17de0369-b40a-47d9-ba87-d664606844d4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/19e055e9-59b4-4e17-819e-7d800b4ba56a
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Not Specified
Procurement Method Details
Other - Single Source
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

22 - Printed matter and related products


CPV Codes

22200000 - Newspapers, journals, periodicals and magazines

Notice Value(s)

Tender Value
£98,374 Under £100K
Lots Value
Not specified
Awards Value
£98,374 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Oct 20241 years ago
Submission Deadline
1 Nov 2023Expired
Future Notice Date
Not specified
Award Date
1 Nov 20232 years ago
Contract Period
11 Nov 2023 - 10 Nov 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
GOVERNMENT ACTUARY DEPARTMENT
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E14 4PU
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified

Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

THE FINANCIAL TIMES

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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