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Provision of an Analytics Tool for Market Monitoring

Financial Conduct Authority

This public procurement record has 1 release in its history.

Award

02 Sep 2024 at 17:20

Award Notice
Summary of the contracting process

The Financial Conduct Authority (FCA) has awarded a contract to Insight Direct (UK) Limited for the provision of an analytics tool aimed at market monitoring. This procurement falls under the software package and information systems industry, classified as CPV 48000000. The contract, procured through a selective method via the KCS Procurement Services Framework Y20011, commenced on 1st March 2024, with an initial duration of one year and an extension option for an additional year. The contract's value for the first year is £50,087 ex VAT, and the location specified for delivery is London, United Kingdom.

This tender presents a significant opportunity for businesses specialising in software and IT services, particularly those with capabilities in developing analytics tools for market monitoring. While the procurement was conducted through a call-off from a framework agreement, businesses looking to grow in the public sector would benefit from aligning with such frameworks to access similar future opportunities. Organisations that offer advanced software solutions and have the necessary technical expertise would be particularly well-suited to compete in this domain.

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Notice Information

Notice Title

Provision of an Analytics Tool for Market Monitoring

Notice Description

This is a contract award to Insight Direct (UK) Limited for the Provision of an Analytics Tool for Market Monitoring. The KCS Procurement Services Framework Y20011 for Software Products and Associated Services 2 was used for the Call Off. The Call off Contract is awarded for one (1) year and includes one (1) extension option of twelve (12) months. The award value of PS50,087.00 ex VAT is for Year 1 only.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-aef1aeff-f36e-49a0-9f35-ba2fb65116f0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9f09c8af-310d-4a6e-8d06-dc096d69a6c9
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
Not specified
Awardee Scale
Not specified

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
£50,087 Under £100K
Lots Value
Not specified
Awards Value
£50,087 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Sep 20241 years ago
Submission Deadline
8 Jan 2024Expired
Future Notice Date
Not specified
Award Date
29 Jan 20242 years ago
Contract Period
1 Mar 2024 - 28 Feb 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
Financial Conduct Authority
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
E20 1JN
Postcode Area
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

Insight Direct (UK) Ltd

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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