Award

Forecast System

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 1 release in its history.

Award

16 Nov 2023 at 15:32

Summary of the contracting process

The Financial Reporting Council Limited has awarded a contract for a Forecast System. The procurement process was initiated as a tender and has now been completed. The contract value is £60,000 GBP with a contract period from October 10, 2022, to October 9, 2024. The procurement method used was selective, and the procurement stage has reached the award phase. The contracting authority is based in London (EC2Y 5AS) and operates within the IT services category.

This tender presents an opportunity for businesses, especially those offering IT services like consulting, software development, and internet support, to provide a Planning and Forecasting solution to The Financial Reporting Council. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise organisations (VCSEs) are also suitable to participate in this procurement process. Interested businesses should note the deadline for tender submissions, which is September 10, 2022.

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Notice Title

Forecast System

Notice Description

THIS IS A CONTRACT AWARD NOTICE The FRC requires a Planning and Forecasting solution with reporting, consolidation, and analysis capabilities. Financial forecasting allows management teams to anticipate results based on previous financial data and expected changes. It will enable the FRC to optimize the forecasting activity to deliver enhanced benefits to the FRC. THIS ACTIVITY HAS BEEN CONCLUDED VIA A CCS FRAMEWORK AGREEMENT. Additional information: THIS A CONTRACT AWARD NOTICE. GCLOUD CALL OFF.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a2a884ea-eca3-4a34-959c-840112791663
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fe88fe55-1d35-4c54-b263-86942a45e18e
Current Stage
Award
All Stages
Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

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

Notice Value(s)

Tender Value
£60,000 Under £100K
Lots Value
Not specified
Awards Value
£58,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Nov 20232 years ago
Submission Deadline
10 Sep 2022Expired
Future Notice Date
Not specified
Award Date
30 Sep 20223 years ago
Contract Period
9 Oct 2022 - 9 Oct 2024 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

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

WORKDAY

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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