Award

Consumer Duty Investment Platforms Data

FCA

This public procurement record has 1 release in its history.

Award

24 Mar 2025 at 12:08

Award Notice
Summary of the contracting process

The Financial Conduct Authority (FCA) has successfully completed the procurement process for the "Consumer Duty Investment Platforms Data" project, falling under the Information Technology Services industry category. This contract, with a value of £95,850 GBP, has been awarded to Defaqto, a small to medium-sized enterprise (SME). The procurement stage is at the Award phase, with key dates including the end of the tender period on 11th February 2025 and the contract period running from 24th March 2025 to 23rd March 2026. This procurement was conducted using a limited method, specifically a competitive quotation below the threshold, and the services will be delivered primarily in London, United Kingdom.

This tender presents a notable opportunity for businesses specialising in data services within the financial sector, particularly those offering significant market coverage of investment platforms. SMEs with capabilities in delivering comprehensive IT and data services stand to benefit greatly, given the FCA's focus on obtaining extensive product data. The awarded contract to Defaqto demonstrates the potential for growth and collaboration with high-profile regulatory authorities like the FCA, which could enhance a business's portfolio and market credibility.

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Notice Information

Notice Title

Consumer Duty Investment Platforms Data

Notice Description

The FCA require product data that accounts for a significant share of the market for investment platforms.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7404ad1c-e32e-4bcb-b69d-8682c3940101
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f38802cb-8ff1-41b8-b20e-20214f354a6b
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

72222300 - Information technology services

72300000 - Data services

Notice Value(s)

Tender Value
£126,440 £100K-£500K
Lots Value
Not specified
Awards Value
£95,850 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
24 Mar 202511 months ago
Submission Deadline
11 Feb 2025Expired
Future Notice Date
Not specified
Award Date
26 Feb 202512 months ago
Contract Period
24 Mar 2025 - 23 Mar 2026 6-12 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
FCA
Contact Name
FCA Procurement
Contact Email
fcaprocurement@fca.org.uk
Contact Phone
0800 111 6768

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

DEFAQTO

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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