Award

Financial Times Subscription

DSIT

This public procurement record has 1 release in its history.

Award

05 Sep 2024 at 09:17

Award Notice
Summary of the contracting process

The Department for Science, Innovation and Technology (DSIT) has completed the procurement process for a subscription service to the Financial Times, classified under CPV code 79980000. The contract, titled "Financial Times Subscription," is focused on providing subscription services located in London, United Kingdom. The procurement method used was a direct award, with the tender status marked as complete. The awarded contract commenced on 22 May 2024 and will run until 21 May 2025, with a total value of £63,867. Key dates include the tender period end on 10 May 2024 and the award date on 22 May 2024.

This tender presents a significant opportunity for businesses involved in the provision of subscription and information services, especially those capable of offering specialised media products. While the procurement process was concluded through a direct award, businesses with capabilities in delivering niche services like subscriptions to professional publications might find similar future opportunities beneficial for growth. The contract was awarded to Financial Times, a large supplier in the industry, indicating that substantial and well-established companies are best suited to compete in this space.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Financial Times Subscription

Notice Description

Financial Times Subscription

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8eafeab2-822c-4e95-9a6c-c916b1b9850e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/13eef41f-b662-4c4a-81b5-67ca8dcea64c
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Direct Award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79980000 - Subscription services

Notice Value(s)

Tender Value
£63,876 Under £100K
Lots Value
Not specified
Awards Value
£63,867 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
5 Sep 20241 years ago
Submission Deadline
10 May 2024Expired
Future Notice Date
Not specified
Award Date
21 May 20241 years ago
Contract Period
21 May 2024 - 21 May 2025 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
DSIT
Contact Name
Not specified
Contact Email
customer.support@ft.com
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC4M 9BT
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
TLI London
Local Authority
City of London
Electoral Ward
Vintry
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

FINANCIAL TIMES

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-8eafeab2-822c-4e95-9a6c-c916b1b9850e-2024-09-05T10:17:00+01:00",
    "date": "2024-09-05T10:17:00+01:00",
    "ocid": "ocds-b5fd17-8eafeab2-822c-4e95-9a6c-c916b1b9850e",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "tender_439434/1401572",
        "title": "Financial Times Subscription",
        "description": "Financial Times Subscription",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "79980000",
            "description": "Subscription services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "postalCode": "EC4M 9BT"
                    },
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 63876,
            "currency": "GBP"
        },
        "procurementMethodDetails": "Other - Direct Award",
        "tenderPeriod": {
            "endDate": "2024-05-10T23:59:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2024-05-22T00:00:00+01:00",
            "endDate": "2025-05-21T23:59:59+01:00"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-294522",
            "name": "DSIT",
            "identifier": {
                "legalName": "DSIT"
            },
            "address": {
                "streetAddress": "Bracken House, 1 Friday Street,",
                "locality": "London",
                "postalCode": "EC4M 9BT",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "customer.support@ft.com"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-294523",
            "name": "Financial Times",
            "identifier": {
                "legalName": "Financial Times"
            },
            "address": {
                "streetAddress": "EC4M 9BT"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-294522",
        "name": "DSIT"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-8eafeab2-822c-4e95-9a6c-c916b1b9850e-1",
            "status": "active",
            "date": "2024-05-22T00:00:00+01:00",
            "datePublished": "2024-09-05T10:16:59+01:00",
            "value": {
                "amount": 63867,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-294523",
                    "name": "Financial Times"
                }
            ],
            "contractPeriod": {
                "startDate": "2024-05-22T00:00:00+01:00",
                "endDate": "2025-05-21T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/13eef41f-b662-4c4a-81b5-67ca8dcea64c",
                    "datePublished": "2024-09-05T10:16:59+01:00",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}