Award

Financial Planning & Analysis Reporting Package

DIAMOND LIGHT SOURCE LTD

This public procurement record has 2 releases in its history.

Award

09 Oct 2024 at 12:27

Award Notice
Tender

15 Apr 2024 at 14:26

Tender Notice
Summary of the contracting process

Diamond Light Source Ltd, located at the Harwell Science & Innovation Campus in Oxfordshire, has completed the procurement process for a Financial Planning & Analysis Reporting Package. This award, falling under the industry category of Financial Analysis Software Package (CPV code 48441000), was finalised on 9th October 2024. The procurement method was an open procedure, and the contract is valued at £142,254 GBP. The contract period began on 26th September 2024 and will run until 19th November 2025. The implementation of this project is expected to dramatically improve the efficiency, accuracy, and user-friendliness of financial reporting and budgeting processes within Diamond Light Source Ltd.

This tender creates significant business growth opportunities, particularly for SMEs specialising in financial software solutions. The contract involves not only the provision and implementation of the software but also ongoing future support. Companies that can provide an integrated, user-friendly, and adaptive financial planning and reporting system would be well-suited to compete for such opportunities. This project underscores the necessity for innovative solutions that can streamline financial operations, reduce manual processes, and provide robust planning tools, thereby driving efficiency and operational excellence.

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Notice Information

Notice Title

Financial Planning & Analysis Reporting Package

Notice Description

Located on the Harwell Science and Innovation Campus in Oxfordshire, Diamond Light Source ltd (DLS) is a World-leading facility for science, engineering and innovation. DLS is the largest science facility to be built in the UK for 40 years and produces ultra-violet, infra-red and X-ray beams of exceptional brightness. DLS allows researchers from academia and industry to investigate the structure and behaviour of the world around us at the atomic and molecular level. Areas of investigation include fields such as medicine, the environment, materials and engineering science, physics, chemistry and heritage science. The research undertaken at Diamond brings economic, health and quality of life benefits to the UK and further afield. DLS intends to implement a modern Financial Planning and Analysis Reporting software package that meets its planning and reporting obligations. The aim of the package is 1) to provide a more efficient, effective and accurate reporting system for the organisation and 2) automate the manual efforts that go into the preparation, review and approval of these budgets/forecasts and reports. The system will remove and significantly minimise the current reliance on manually prepared excel spreadsheets for the periodic budgeting, forecasting and reporting duties of the DLS Finance team. The system will equally provide a more accurate, timely and user-friendly period planning tool and a reporting source for non-finance staff in DLS without heavily relying on the finance team. The scope of the contract is the provision, implementation and ongoing future support of a fully integrated Financial Planning & Analysis (FP&A) reporting system. The chosen system is expected to meet the following requirements as a minimum from implementation and also provide the opportunity for future improvements as the business needs of DLS continue to evolve. To apply visit our website which requires suppliers to complete a one-off simple registration form, which will generate a unique password for your account. You are then able to login to register your interest against the Tender and download the tender documents. Link to the site: https://tenders.diamond.ac.uk/Home.aspx

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-60cf6394-3c92-467f-a63c-2198a6dc8fcf
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c3bed702-1eb2-44b2-a225-235b747faaac
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48441000 - Financial analysis software package

Notice Value(s)

Tender Value
£142,254 £100K-£500K
Lots Value
Not specified
Awards Value
£142,254 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
9 Oct 20241 years ago
Submission Deadline
20 May 2024Expired
Future Notice Date
Not specified
Award Date
25 Sep 20241 years ago
Contract Period
25 Sep 2024 - 19 Nov 2025 1-2 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
DIAMOND LIGHT SOURCE LTD
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DIDCOT, OXFORDSHIRE
Postcode
OX11 0DE
Post Town
Oxford
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ14 Oxfordshire CC
Delivery Location
Not specified
Local Authority
Vale of White Horse
Electoral Ward
Blewbury & Harwell
Westminster Constituency
Didcot and Wantage

Supplier Information

Number of Suppliers
1
Supplier Name

MERCUR SOLUTIONS (UK

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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