Award

Delivery Project for Financial Sector Reform in China Project 3: FinTech

FOREIGN & COMMONWEALTH OFFICE

This public procurement record has 1 release in its history.

Award

06 Jul 2017 at 01:47

Award Notice
Summary of the contracting process

The Foreign & Commonwealth Office has completed a tender titled "Delivery Project for Financial Sector Reform in China Project 3: FinTech". This project was initiated to enhance cooperation between the UK and Chinese fintech sectors, culminating in the delivery of a guidebook for cross-border business growth. The tender was processed through an open procurement method, with a contract value of £75,000. The contract period spanned from 16th September 2016 to 16th December 2016, following the tender period which ended on 7th September 2016. The project falls under the category of research consultancy services and primarily targets organisations engaged with fintech developments. The winning supplier for this contract is Ernest & Young, with contact details available for further inquiries.

This tender presents significant opportunities for businesses involved in fintech, consultancy, and research services, particularly those with experience in cross-border financial regulations and technology solutions. Organizations looking to deepen their engagement in the Chinese market or enhance their offerings in financial technology will find this sector ripe for development. Companies that can leverage UK fintech expertise to address regulatory challenges and facilitate smooth operational transitions into Asia will be particularly well-suited to pursue similar contracts.

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

Delivery Project for Financial Sector Reform in China Project 3: FinTech

Notice Description

The UK is recognised as a global fintech leader with a strong and supportive regulatory environment. China also witnessed rapid development in this space, with Ant Financial emerging as the largest fintech firm in the world. UK government is already engaging with China's fintech authorities to share policy and regulatory experience. This project will complement that cooperation by delivering a guidebook for both UK and Chinese fintech firms and investors who look to grow their business across borders.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b42af44a-266f-46da-a4f5-cf353cf8ecb4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b6179b49-33a5-43eb-9970-59ced512ba8e
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73210000 - Research consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£75,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
6 Jul 20178 years ago
Submission Deadline
7 Sep 2016Expired
Future Notice Date
Not specified
Award Date
25 Sep 20169 years ago
Contract Period
11 Nov 2016 - 21 Nov 2016 30 days
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
FOREIGN & COMMONWEALTH OFFICE
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
SW1A 2AH
Post Town
South West 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
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

ERNEST & YOUNG

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-b42af44a-266f-46da-a4f5-cf353cf8ecb4-2017-07-06T02:47:53+01:00",
    "date": "2017-07-06T02:47:53+01:00",
    "ocid": "ocds-b5fd17-b42af44a-266f-46da-a4f5-cf353cf8ecb4",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "CPG/1353/2016a",
        "title": "Delivery Project for Financial Sector Reform in China Project 3: FinTech",
        "description": "The UK is recognised as a global fintech leader with a strong and supportive regulatory environment. China also witnessed rapid development in this space, with Ant Financial emerging as the largest fintech firm in the world. UK government is already engaging with China's fintech authorities to share policy and regulatory experience. This project will complement that cooperation by delivering a guidebook for both UK and Chinese fintech firms and investors who look to grow their business across borders.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "73210000",
            "description": "Research consultancy services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2016-09-07T23:59:59+01:00"
        },
        "contractPeriod": {
            "startDate": "2016-09-16T00:00:00+01:00",
            "endDate": "2016-12-16T23:59:59Z"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-27685",
            "name": "FOREIGN & COMMONWEALTH OFFICE",
            "identifier": {
                "legalName": "FOREIGN & COMMONWEALTH OFFICE"
            },
            "address": {
                "streetAddress": "Foreign & Commonwealth Office",
                "locality": "London",
                "postalCode": "SW1A 2AH",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Andrew Fisher",
                "email": "andrew.fisher@fco.gsi.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-61104",
            "name": "Ernest & Young",
            "identifier": {
                "legalName": "Ernest & Young"
            },
            "address": {
                "streetAddress": "Level 16, EY Tower Oriental Plaza No. 1 East Chang An Avenue Dong Cheng District 100738 Beijing"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-27685",
        "name": "FOREIGN & COMMONWEALTH OFFICE"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-b42af44a-266f-46da-a4f5-cf353cf8ecb4-1",
            "status": "active",
            "date": "2016-09-26T00:00:00+01:00",
            "datePublished": "2017-07-06T02:47:53+01:00",
            "value": {
                "amount": 75000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-61104",
                    "name": "Ernest & Young"
                }
            ],
            "contractPeriod": {
                "startDate": "2016-11-11T00:00:00Z",
                "endDate": "2016-11-21T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/b6179b49-33a5-43eb-9970-59ced512ba8e",
                    "datePublished": "2017-07-06T02:47:53+01:00",
                    "format": "text/html",
                    "language": "en"
                },
                {
                    "id": "2",
                    "documentType": "tenderNotice",
                    "description": "Please refer to e-Procurement Portal BRAVO and navigate to Project_980/ITT_1318",
                    "url": "http://fco.bravosolution.co.uk"
                }
            ]
        }
    ]
}