Award

Business Optix Licenses - Process Management Software

FINANCIAL SERVICES COMPENSATION SCHEME LIMITED

This public procurement record has 1 release in its history.

Award

27 Jan 2025 at 16:44

Award Notice
Summary of the contracting process

The Financial Services Compensation Scheme Limited (FSCS) has awarded a contract for the provision of Business Optix Licenses for process management software. The focus of this procurement falls under the industry category of software package and information systems, specifically aimed at recording, optimising, and storing process maps in conjunction with Standard Operating Procedures (SOP). This selective tender process was a call-off from a framework agreement, with an award date of 5 November 2024. The contract period spans from 1 April 2025 to 31 March 2026, with the delivery locations based in the United Kingdom. The contract's total value is £63,150.

This tender presents a significant opportunity for businesses specialising in SaaS tools and process management software. Small and Medium Enterprises (SMEs) and Voluntary, Community and Social Enterprises (VCSEs) stand to benefit, given their emphasis on innovative and efficient software solutions. The awarded supplier, Business Optix Limited, exemplifies the type of business well-suited for this contract, indicating that firms with a strong track record in providing similar technology solutions are best positioned to compete in such procurement processes.

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Notice Information

Notice Title

Business Optix Licenses - Process Management Software

Notice Description

BusinessOptix is a SaaS tool in use at FSCS to record, optimise and store process maps within a hierarchy of operational areas. The tool is used in conjunction with Standard Operating Procedures (SOP)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9de18b70-28fb-41ba-88fe-15294c7f3d58
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2dcf94eb-0c64-4860-a2d1-3f5e71946292
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Goods
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME, VCSE
Awardee Scale
SME

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
£63,150 Under £100K
Lots Value
Not specified
Awards Value
£63,150 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Jan 20251 years ago
Submission Deadline
5 Nov 2024Expired
Future Notice Date
Not specified
Award Date
5 Nov 20241 years ago
Contract Period
31 Mar 2025 - 31 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
FINANCIAL SERVICES COMPENSATION SCHEME 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
EC3A 7QU
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
Portsoken
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

BUSINESS OPTIX

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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