Award

Outsourced Finance Support Service

SINGLE SOURCE REGULATIONS OFFICE

This public procurement record has 6 releases in its history.

Award

10 Dec 2019 at 18:54

Award Notice
TenderAmendment

14 May 2019 at 08:17

Tender Notice
TenderAmendment

29 Apr 2019 at 14:06

Tender Notice
TenderAmendment

17 Apr 2019 at 07:37

Tender Notice
TenderAmendment

16 Apr 2019 at 21:06

Tender Notice
Tender

16 Apr 2019 at 17:35

Tender Notice
Summary of the contracting process

The Single Source Regulations Office (SSRO) is seeking suppliers for its "Outsourced Finance Support Service" tender, published on 16 April 2019. This procurement falls under the services industry category, with a total contract value of £155,000, awarded through an open procedure suitable for small and medium enterprises (SMEs). The tender period ended on 15 May 2019, while the contract, consisting of a 36-month term commencing on 1 July 2019, will extend up to 30 September 2022. The services will be delivered to SSRO's office located at Finlaison House, 15-17 Furnival Street, London, EC4A 1AB.

This tender offers notable opportunities for SMEs specialising in finance and accounting services, particularly those experienced in financial accounting, management accounting, and payment processing systems. Businesses that can effectively manage financial databases and provide secure payment solutions will find this contract valuable. The SSRO's role as an independent regulator implies that companies engaged in public procurement and financial service provision can leverage this contract for growth and the development of robust service models.

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Notice Information

Notice Title

Outsourced Finance Support Service

Notice Description

Detailed description of the notice you are adding: The Defence Reform Act 2014 established the Single Source Regulations Office ("SSRO") as an independent regulator of the UK Government's procurement of single source military equipment and services. The SSRO is the custodian of the single source procurement framework and has a number of functions under the Act and the Single Source Contract Regulations 2014. The SSRO is seeking to award a 36-month contract (plus an initial 3months for Implementation) for the provision of Outsourced Finance Support Services. The SSRO requires these services to ensure the efficient and effective discharge of its functions. The Outsourced Finance Support services which the SSRO requirements are summarised in the below: Finance service Financial Accounting Services: maintain the integrity of the financial database and chart of accounts by undertaking periodic housekeeping and reconciliation routines on the General Ledger. Management Accounting Service: maintain the integrity of the structures (e.g. chart of accounts, activity centre structure, journal definitions) within the financial database. Resource accounts: ensure this element of the Annual Report and Accounts provides a true and fair view of the SSRO's financial position at the time of the preparation of the accounts. Payments to suppliers and employees: provision of a payments service via a secure environment within the parameters of available systems controls, for the upload of purchase ledger transactions, through to the production and dispatch of the required payment instrument, (including BACS and CHAPS).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8000451b-0696-41b6-a4e4-4a4e2565d8eb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/92ffb8b1-63bf-4b88-9664-8583025d2166
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

CPV Codes

48000000 - Software package and information systems

Notice Value(s)

Tender Value
£155,000 £100K-£500K
Lots Value
Not specified
Awards Value
£145,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
10 Dec 20196 years ago
Submission Deadline
15 May 2019Expired
Future Notice Date
Not specified
Award Date
16 Jun 20196 years ago
Contract Period
30 Jun 2019 - 30 Sep 2022 3-4 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
SINGLE SOURCE REGULATIONS OFFICE
Contact Name
The Single Sourcing Regulations Office (SSRO)
Contact Email
tenders@ssro.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC4A 1AB
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
Farringdon Without
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

ANDERSON ANDERSON & BROWN

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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