Award

Recal Pension Calculator

FINANCIAL SERVICES COMPENSATION SCHEME LIMITED

This public procurement record has 1 release in its history.

Award

09 Mar 2021 at 16:48

Summary of the contracting process

The Financial Services Compensation Scheme Limited is conducting a procurement process for the "Recal Pension Calculator," classified under the IT software package industry. The procurement method employed is a direct single tender action, with the tender period concluding on 30th September 2020 and the award date recorded as 30th September 2020. This contract, worth £60,000, is set to run from 1st October 2020 to 30th September 2022, with the delivery location specified as the United Kingdom.

This tender presents significant opportunities for businesses, particularly small to medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) with expertise in IT software solutions. Companies with experience in complex financial calculations or pension-related software would be particularly well-suited to compete for future similar contracts, thus opening avenues for growth within this niche sector.

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Notice Title

Recal Pension Calculator

Notice Description

RECAL is currently in use by FSCS staff and a group of contractors with specific skills in using this product. It is used to perform complex calculations to ascertain customers losses and therefore essential in processing Pension Claims.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2c37058c-2df4-41d9-abcb-005b761b61a6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/721f8d26-f41f-4a5e-8c52-7ecd5761e04d
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48517000 - IT software package

Notice Value(s)

Tender Value
£60,000 Under £100K
Lots Value
Not specified
Awards Value
£60,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
9 Mar 20214 years ago
Submission Deadline
29 Sep 2020Expired
Future Notice Date
Not specified
Award Date
29 Sep 20205 years ago
Contract Period
30 Sep 2020 - 30 Sep 2022 1-2 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 LIMITED
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
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

SS&C FINANCIAL SERVICE INTERNATIONAL

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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