Award

Market Intelligence and Document Search Platform

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 2 releases in its history.

Award

31 Oct 2024 at 14:02

Award Notice
Tender

30 Aug 2024 at 10:11

Tender Notice
Summary of the contracting process

The Financial Reporting Council (FRC) has completed a procurement process for the provision of a "Market Intelligence and Document Search Platform" by awarding the contract to AlphaSense Inc. This procurement falls under the "Software package and information systems" and "IT services: consulting, software development, Internet and support" industry categories. The contract period will commence on 1st December 2024 and will conclude on 30th November 2026. The procurement was conducted via an open procedure method below the threshold, and the end date for the tender period was 19th September 2024. The buying organisation is based at 125 London Wall, London, EC2Y 5AS, England.

This tender represents significant business growth opportunities for organisations specialising in providing comprehensive market intelligence platforms, including SMEs. The requirements include access to various types of documents and news, such as company filings, business news, and regulatory updates, which are essential for the FRC's Market Intelligence and Insights team. Businesses equipped to handle extensive and diverse data aggregations from both national and global sources will find this contract particularly well-suited to their capabilities. The open procurement method allows for competitive participation, providing a level playing field for both established players and emerging firms in the IT and software services sector.

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Notice Information

Notice Title

Market Intelligence and Document Search Platform

Notice Description

THIS IS A CONTRACT AWARD NOTICE The purpose of the Financial Reporting Council (FRC) is to serve the public interest by setting high standards of corporate governance, reporting and audit and by holding to account those responsible for delivering them. The FRC's Market Intelligence and Insights (MII) team provides the FRC with understanding of the markets it oversees, the impact of its policies, horizon scanning and evidence-based insight to support and drive policy development. To fulfil these activities the MII team requires, on an ongoing basis, access to a reliable market intelligence and document search platform that provides access to national and global news, research reports, earnings calls, financial filings and regulatory updates and filings, that are aggregated and indexed, for all FRC in-scope markets. Our requirement is therefore a subscription with a platform provider (with the breadth and depth of the data we require) that can provide the following content within the required data categories. Our Requirement * The below document filings: o Company documents Companies House filings ESG documents event transcripts major filings press releases o News Business news Market news General news RSS feeds Trade publications o Regulatory filings THIS TENDER HAS BEEN AWARDED. Additional information: THIS IS A CONTRACT AWARD NOTICE. Notes:- * Download and review the documents; * Observe the timelines and tender process * Register your interest in this opportunity by email to procurement@frc.org.uk * You will need to register your interest in this opportunity to receive the Q&A responses.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-79d38db0-bfb1-41e0-a378-c0ec0bd4be50
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5910e649-f719-4f5b-863a-f504c4e17cf8
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 (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

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

CPV Codes

48000000 - Software package and information systems

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

Notice Value(s)

Tender Value
£200,000 £100K-£500K
Lots Value
Not specified
Awards Value
£163,800 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
31 Oct 20241 years ago
Submission Deadline
19 Sep 2024Expired
Future Notice Date
Not specified
Award Date
6 Oct 20241 years ago
Contract Period
1 Dec 2024 - 30 Nov 2026 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
THE FINANCIAL REPORTING COUNCIL LIMITED
Contact Name
Head of Procurement
Contact Email
procurement@frc.org.uk
Contact Phone
020 7492 2300

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

ALPHASENSE

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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