Award

FinTech Landscape Analysis

CITY OF LONDON CORPORATION

This public procurement record has 1 release in its history.

Award

27 Feb 2020 at 17:31

Award Notice
Summary of the contracting process

The City of London Corporation has conducted a procurement process for financial consultancy services, titled "FinTech Landscape Analysis." This contract was awarded to Ernst & Young LLP after a comprehensive evaluation, determining the Most Economically Advantageous Tender (MEAT). The procurement process followed a Request for Quote (RFQ) method, with a total contract value of £70,000. The contract period commenced on 5th December 2019 and concluded on 1st February 2020. The tender was officially completed and published on 27th February 2020.

This tender represents a significant opportunity for small and medium-sized enterprises (SMEs) in the financial consultancy sector, particularly those specialising in fintech analysis and strategy. Businesses with expertise in delivering innovative financial solutions and insights may find this type of procurement aligns with their services. The award to a large firm indicates the competitive nature of this sector, suggesting that SMEs can benefit from collaborating or partnering with larger organisations to enhance their capabilities and visibility in future similar tenders.

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Notice Information

Notice Title

FinTech Landscape Analysis

Notice Description

Contract award to Most Economically Advantageous Tender (MEAT)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-593cc143-c2de-4c60-9436-ec2f46386392
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/468873f8-079b-4bc9-9dbf-6a131c6b26ae
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Request for Quote (RFQ)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£70,000 Under £100K
Lots Value
Not specified
Awards Value
£70,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Feb 20205 years ago
Submission Deadline
4 Dec 2019Expired
Future Notice Date
Not specified
Award Date
19 Dec 20196 years ago
Contract Period
5 Dec 2019 - 1 Feb 2020 1-6 months
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
CITY OF LONDON CORPORATION
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
EC2P 2EJ
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
Not specified
Local Authority
Islington
Electoral Ward
Clerkenwell
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

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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