Planning

Finance outsourced service

SINGLE SOURCE REGULATIONS OFFICE

This public procurement record has 2 releases in its history.

Planning

04 Nov 2021 at 09:36

Market Engagement Notice
Planning

28 Oct 2021 at 13:18

Market Engagement Notice
Summary of the contracting process

The Single Source Regulations Office (SSRO) is currently in the planning stage of a procurement process for an outsourced finance service based in London, United Kingdom. This tender, titled "Finance outsourced service," aims to establish a five-year contract involving essential financial support services, including financial accounting, management accounting, and professional advice. Interested suppliers are invited to submit their estimated costs by the engagement end date of 19th November 2021. Relevant technical specifications and an early engagement notice have been published, outlining the requirements of the services needed.

This procurement presents a significant opportunity for businesses, particularly small and medium-sized enterprises (SMEs), to expand their reach and capabilities in the public sector. Firms with expertise in finance, accounting, and associated consultancy services would find this tender particularly suited to their strengths. Participation can enhance visibility and credibility with government entities while also providing avenues for delivering critical support services to an important regulator of military procurement in the UK.

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Notice Information

Notice Title

Finance outsourced service

Notice Description

The Defence Reform Act 2014 established the Single Source Regulations Office ("SSRO") as an independent regulator of the UK Government's procurement of single source military equipment and services. The SSRO is the custodian of the single source procurement framework and has a number of functions under the Act and the Single Source Contract Regulations 2014. The SSRO is asking interested suppliers to provide an estimated cost for a 5-year contract (based on 3 years, plus 1year, plus 1 year) for: a. the provision of the Outsourced Finance Support Core Services; and b. a daily rate for the optional professional advice. The SSRO would also welcome written comments and feedback in relation to the services specification. Information gained from the market will be used to inform a future OJEU tender. The SSRO requires these services to ensure the efficient and effective discharge of its functions. The Outsourced Finance Support services which the SSRO requires are summarised in the below: Finance Service & Financial Accounting Services: maintain the integrity of the financial database and chart of accounts by undertaking periodic housekeeping and reconciliation routines on the General Ledger. Management Accounting Service: maintain the integrity of the structures (e.g. chart of accounts, activity centre structure, journal definitions) within the financial database. Resource accounts: ensure this element of the Annual Report and Accounts provides a true and fair view of the SSRO's financial position at the time of the preparation of the accounts. Payments to suppliers and employees: provision of a payments service via a secure environment within the parameters of available systems controls, for the upload of purchase ledger transactions, through to the production and dispatch of the required payment instrument, (including BACS and CHAPS). Professional Advice: provision of a call off service for professional finance advice. Advice will cover but not limited to tax, vat & accounting standards. The SSRO invites suppliers to provide an estimate of costs to provide the services outlined above along with any relevant supporting information to tenders@ssro.gov.uk.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3dd6097f-9ef3-4fdc-9a15-6cf9c300e8d5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8e55fd12-fde0-429d-bbb0-3753ab0aa6b3
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Market Engagement Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
SME
Awardee Scale
Not specified

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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
4 Nov 20214 years ago
Submission Deadline
Not specified
Future Notice Date
19 Nov 2021Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
SINGLE SOURCE REGULATIONS OFFICE
Contact Name
Jane McGovern
Contact Email
tenders@ssro.gov.uk
Contact Phone
02037714780

Buyer Location

Locality
LONDON
Postcode
EC4A 1AB
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
TLI London
Local Authority
City of London
Electoral Ward
Farringdon Without
Westminster Constituency
Cities of London and Westminster

Further Information

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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