Award

NAO - Financial System Transactions Data Extraction Tool

NATIONAL AUDIT OFFICE

This public procurement record has 1 release in its history.

Award

12 Aug 2024 at 11:45

Summary of the contracting process

The National Audit Office (NAO) has awarded a contract for the provision of a financial system transactions data extraction tool. The contract, valued at £225,000 GBP (inclusive of VAT), is part of the IT services category (CPV code 72000000). The contract period is set from 31st July 2024 to 30th July 2025. The procurement method used was an open procedure, and the tendering period concluded on 24th July 2024. The procurement covers delivery addresses in the British Overseas Territories, Channel Islands, Europe, Isle of Man, the United Kingdom, and other parts of the world.

This tender offers significant business growth opportunities for companies providing IT services, particularly those specialising in data extraction and financial systems software. While the contract was awarded to Validis UK Limited, it highlights the NAO's demand for robust IT solutions, suggesting future opportunities for similar tenders. Businesses well-suited to compete in this space include IT consulting firms, software development companies, and vendors offering specialised financial data solutions. The procurement process was highly competitive, encouraging participation from capable SMEs despite the awarded contract not specifying explicit SME suitability.

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Notice Title

NAO - Financial System Transactions Data Extraction Tool

Notice Description

The National Audit Office (NAO) has awarded a contract for the provision of software to support with data extraction from financial systems used by bodies audited by NAO. The contract value is PS270,000 inclusive of VAT, for the duration of the contract term (1+1+1).

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3b12845f-0c9b-4767-9d26-71898533339e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2baca406-8d14-4d6c-8641-418835558d51
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support


CPV Codes

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£225,000 £100K-£500K
Lots Value
Not specified
Awards Value
£225,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Aug 20241 years ago
Submission Deadline
23 Jul 2024Expired
Future Notice Date
Not specified
Award Date
23 Jul 20241 years ago
Contract Period
30 Jul 2024 - 30 Jul 2025 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
NATIONAL AUDIT OFFICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
VICTORIA
Postcode
SW1W 9SP
Post Town
South West 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
Westminster
Electoral Ward
Pimlico North
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

VALIDIS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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