Award

Financials Markets data platform

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 2 releases in its history.

Award

01 May 2024 at 08:33

Award Notice
Tender

29 Jan 2024 at 16:17

Tender Notice
Summary of the contracting process

The Financial Reporting Council (FRC) has awarded a contract for the Financial Markets data platform to Refinitiv Limited. The contract, valued at GBP 1,050,000, falls under the IT services category and is for the provision of financial data, company data, financial news, and analysis. The procurement method used was an open procedure with a contract period starting on May 1, 2024, and ending on April 30, 2029. The buying organisation, FRC, seeks to promote transparency and integrity in business, providing market intelligence, and economic advice.

This tender for the Financial Markets data platform offers opportunities for businesses in IT services, consulting, software development, and Internet support. Companies with expertise in providing financial data services, web or desktop applications, and subscription services would be well-suited to compete for this tender. Businesses should observe the tender period ending on February 29, 2024, and register interest with the FRC's Procurement team to receive further information on the opportunity.

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Notice Information

Notice Title

Financials Markets data platform

Notice Description

THIS IS A CONTRACT AWARD NOTICE The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. We seek to promote transparency and integrity in business; our work is aimed at investors and others who rely on company accounts, audit, and high-quality risk management. As the Competent Authority for audit in the UK, the FRC sets auditing and ethical standards and monitors and enforces audit quality. The FRC's Economics, Strategy and Analytics (ESA) team provides operational support to various departments at the FRC. These services include but are not limited to: - o Providing market intelligence and analysis on markets, companies, and the general business landscape in the UK o Providing economic advice, including on Regulatory Impact Assessments * To fulfil the activities undertaken by the ESA team, access to a near real-time financial market data platform that provides financial data, company data, financial news and financial analysis and country and economic data for public UK & International entities. This data must be accessible via web or desktop app and Excel plug ins. * The FRC requires, a source of financial market data. Our requirement is therefore subscription services with a database provider (with the breadth and depth of the data we require) that can provide the following content within the following data categories including but not limited to): o Financial statements and accounting standards data o Asset data o Debt data o Audit data o Ownership data o Operation and profit data THIS IS A CONTRACT AWARD NOTICE Additional information: THIS IS A CONTRACT AWARD NOTICE

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6f214ab9-8128-44b1-a363-6f95f7292259
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d5efa3cc-aece-4f32-b3a0-cde62e30ec1a
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£1,050,000 £1M-£10M
Lots Value
Not specified
Awards Value
£717,745 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
1 May 20241 years ago
Submission Deadline
29 Feb 2024Expired
Future Notice Date
Not specified
Award Date
29 Apr 20241 years ago
Contract Period
30 Apr 2024 - 30 Apr 2029 Over 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
THE FINANCIAL REPORTING COUNCIL LIMITED
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
EC2Y 5AS
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
Bassishaw
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

REFINITIV LIMITED (A WHOLLY-OWNED SUBSIDIARY OF THE LONDON STOCK

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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