Award

ID & V Services

FINANCIAL SERVICES COMPENSATION SCHEME LIMITED

This public procurement record has 1 release in its history.

Award

26 Jun 2020 at 17:01

Summary of the contracting process

The procurement process involves the Financial Services Compensation Scheme Limited, seeking providers for ID & V Services within the information systems industry. The contract value is £194,400, and it has been awarded to LexisNexis Risk Solutions UK Limited. The contract, which includes an option for extension, commenced on 21 April 2020 and will conclude on 20 April 2023. This contract was established through a selective procurement method as a call-off from a framework agreement, with the tender period ending on 20 April 2020.

This tender presents significant opportunities for businesses looking to expand within the information systems sector, particularly for small and medium-sized enterprises (SMEs) that can provide identification and verification services. Competitors that excel in technological solutions or have experience in financial service contracts may find this tender particularly advantageous as it demands tailored services for a governmental body.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

ID & V Services

Notice Description

For the provision of ID&V services Additional information: Contract duration includes extension options

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5e3ef6eb-4e21-45cd-adcd-73b47d86ff6d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fecee061-5207-4d3a-ba12-b39bd48e9698
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48810000 - Information systems

Notice Value(s)

Tender Value
£194,400 £100K-£500K
Lots Value
Not specified
Awards Value
£194,400 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
26 Jun 20205 years ago
Submission Deadline
20 Apr 2020Expired
Future Notice Date
Not specified
Award Date
20 Apr 20205 years ago
Contract Period
20 Apr 2020 - 20 Apr 2023 2-3 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
FINANCIAL SERVICES COMPENSATION SCHEME LIMITED
Contact Name
Chris Sutherland
Contact Email
procurement@fscs.org.uk
Contact Phone
0207 375 8194

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

Supplier Information

Number of Suppliers
1
Supplier Name

LEXISNEXIS RISK SOLUTIONS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-5e3ef6eb-4e21-45cd-adcd-73b47d86ff6d-2020-06-26T18:01:41+01:00",
    "date": "2020-06-26T18:01:41+01:00",
    "ocid": "ocds-b5fd17-5e3ef6eb-4e21-45cd-adcd-73b47d86ff6d",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "FSCS SS 156",
        "title": "ID & V Services",
        "description": "For the provision of ID&V services Additional information: Contract duration includes extension options",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "48810000",
            "description": "Information systems"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 194400,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2020-04-20T23:59:59+01:00"
        },
        "contractPeriod": {
            "startDate": "2020-04-21T00:00:00+01:00",
            "endDate": "2023-04-20T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/t7A7KJFS",
            "name": "FINANCIAL SERVICES COMPENSATION SCHEME LIMITED",
            "identifier": {
                "legalName": "FINANCIAL SERVICES COMPENSATION SCHEME LIMITED",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/t7A7KJFS"
            },
            "address": {
                "streetAddress": "10Floor Beaufort House",
                "locality": "LONDON",
                "postalCode": "EC3A 7QU",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Chris Sutherland",
                "email": "Procurement@fscs.org.uk",
                "telephone": "0207 375 8194"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-07416642",
            "name": "LEXISNEXIS RISK SOLUTIONS UK LIMITED",
            "identifier": {
                "legalName": "LEXISNEXIS RISK SOLUTIONS UK LIMITED",
                "scheme": "GB-COH",
                "id": "07416642"
            },
            "address": {
                "streetAddress": "1st Floor 80 Moorbridge Road MAIDENHEAD Berkshire SL6 8BW GB"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/t7A7KJFS",
        "name": "FINANCIAL SERVICES COMPENSATION SCHEME LIMITED"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-5e3ef6eb-4e21-45cd-adcd-73b47d86ff6d-1",
            "status": "active",
            "date": "2020-04-21T00:00:00+01:00",
            "datePublished": "2020-06-26T18:01:41+01:00",
            "value": {
                "amount": 194400,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-07416642",
                    "name": "LEXISNEXIS RISK SOLUTIONS UK LIMITED"
                }
            ],
            "contractPeriod": {
                "startDate": "2020-04-21T00:00:00+01:00",
                "endDate": "2023-04-20T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/fecee061-5207-4d3a-ba12-b39bd48e9698",
                    "datePublished": "2020-06-26T18:01:41+01:00",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}