Award

Digital Procurement Tooling

FINANCIAL CONDUCT AUTHORITY

This public procurement record has 1 release in its history.

Award

15 May 2023 at 17:15

Award Notice
Summary of the contracting process

The Financial Conduct Authority in London has recently awarded a contract for the procurement of a Digital Procurement Tooling solution, valued at £1,214,526. The contract involves the implementation of a new configurable tool to enhance sourcing, contract lifecycle management, and supplier and risk management. The contract period is set from April 20, 2023, to April 19, 2027, providing opportunities for businesses, especially those in the goods category, to compete in this open procurement process.

This tender by the Financial Conduct Authority aims to create opportunities for small and medium-sized enterprises (SMEs) in London and the United Kingdom. Businesses with expertise in procurement software packages and related services would be well-suited to bid for this contract. The tender, which has already been awarded, signifies the Authority's commitment to efficient governance of the end-to-end procurement lifecycle, presenting a chance for eligible suppliers to contribute to the Authority's digital transformation agenda.

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Notice Information

Notice Title

Digital Procurement Tooling

Notice Description

The Authority's existing contract for it's e-tendering tool is coming to an end in January 2023. To prepare for this, the Authority is seeking to enhance its capabilities in the disciplines of sourcing, contract lifecycle management (including performance management) and supplier and risk management. This will be realised through the implementation of a new configurable Digital Procurement Tooling (DPT) tool(s) that will join up the above disciplines and integrate with the Enterprise Resource Planning (ERP) tool (the current provider is Workday,Inc. which is used for HR and Finance (including Procure to Pay, this tool is referred to as "P2P System")). The new DPT tool(s) and integrations will enable efficient and effective governance of the end-to-end procurement lifecycle and contract and supplier management.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-50815179-78f7-40d7-9c3c-4f19d18120c7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b10f1bb2-8a03-4ee2-8100-ed97a09586a4
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
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48490000 - Procurement software package

Notice Value(s)

Tender Value
£1,214,526 £1M-£10M
Lots Value
Not specified
Awards Value
£1,214,526 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
15 May 20232 years ago
Submission Deadline
18 Apr 2023Expired
Future Notice Date
Not specified
Award Date
18 Apr 20232 years ago
Contract Period
19 Apr 2023 - 19 Apr 2027 4-5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
FINANCIAL CONDUCT AUTHORITY
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
E20 1JN
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

ATAMIS

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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