Tender

GB-London: Financial Planning, Forecasting and Budgeting Solution Pre-market engagement

FINANCIAL SERVICES COMPENSATION SCHEME

This public procurement record has 1 release in its history.

Tender

07 Mar 2022 at 21:00

Tender Notice
Summary of the contracting process

The Financial Services Compensation Scheme (FSCS) is currently conducting a pre-market engagement exercise aimed at exploring options for a new Financial Planning, Forecasting, and Budgeting Solution. This tender, titled "GB-London: Financial Planning, Forecasting and Budgeting Solution Pre-market engagement", falls within the software package and information systems industry category, with a total contract value between £100,000 and £500,000. Located in London, the procurement is being carried out through an open procedure, and the tender period is set to close on 28th March 2022, with the potential contract period commencing on 30th September 2023 and lasting until 29th September 2026.

This tender presents significant opportunities for small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) looking to expand their offerings in financial software solutions. Given the FSCS's objectives for this new solution—including the ability to prepare forecasts, manage budgets, and report variances—businesses that specialise in advanced financial technology or software development would find this procurement particularly suited to their capabilities. Engaging with this opportunity could enhance their market presence and foster growth in the public sector.

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Notice Information

Notice Title

GB-London: Financial Planning, Forecasting and Budgeting Solution Pre-market engagement

Notice Description

FSCS is undertaking a pre-market engagement exercise in relation looking into options for a new Financial Planning, Forecasting and Budgeting solution. The new solution would support the business to do the following: *Prepare regular forecasts and annual budgets of all cost and revenue accounts in a simple and easily updatable manner; *Prepare regular forecasts of non-financial information e.g. headcount and claims volumes; *Monitor actuals against budget and forecasts enabling management to easily identify understand, and report variances; *Allocation of costs (actuals and forecast) to several categories e.g. for activity-based costing analysis and to various funding categories for levy calculations; and *Report to senior management, Board and externally. Additional information: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement. The pre-market engagement documents are contained within the Delta eSourcing Portal

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-533f6932-5ef6-4ba8-b326-05c51526ee28
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c1519d05-dde5-434e-b11d-7079d37b121e
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
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
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
7 Mar 20223 years ago
Submission Deadline
28 Mar 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
29 Sep 2023 - 29 Sep 2026 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
FINANCIAL SERVICES COMPENSATION SCHEME
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

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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