Tender

Provision of a Search and Discovery (Insight Engine) Solution

BIP SOLUTIONS LIMITED

This public procurement record has 1 release in its history.

Tender

07 Oct 2022 at 08:45

Tender Notice
Summary of the contracting process

The buying organization, BIP SOLUTIONS LIMITED, has initiated a tender process for the provision of a Search and Discovery (Insight Engine) Solution in the category of Software package and information systems. The procurement stage is currently active, with a tender period ending on 21st September 2020 and a contract period starting from 30th April 2021 and ending on 29th April 2024. The location for the delivery is London, United Kingdom, and the procurement method is an open procedure below threshold.

This tender for a Search and Discovery Solution presents an opportunity for businesses in the software industry to engage and potentially secure a contract with BIP SOLUTIONS LIMITED. Small and medium-sized enterprises (SMEs) would be well-suited to compete for this tender. The modification in contract value and extension options provide an insight into the potential for growth and collaboration in delivering search and discovery capabilities for the Financial Conduct Authority.

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Notice Information

Notice Title

Provision of a Search and Discovery (Insight Engine) Solution

Notice Description

Modification Notice Original description: The Financial Conduct Authority is modifying the award value for the contract for the provision of a search and discovery (insight engine) solution. The contract is delivering a search and discovery capability to the FCA. The contract covers the following element, details are: 1) Provision of the software; 2) Implementation of the base functionality in the FCA cloud; 3) Assistance with configuration to meet full FCA requirements; 4) Provide integration to the FCA's Enterprise Data Platform; 5) Transition to support and service model as defined in the requirements. The initial 3 year term of the contract is being modified from PS1,320,186.00 ex VAT to PS1,950,022.67 ex VAT. There are two, three year extension options. Each additional 3 term is estimated to be PS897,840 ex VAT but will be subject to an inflationary uplift if extension option is utilised. Description of the modifications An increase in to cost of implementation of PS623,490 ex VAT and an increase of PS16,666.67 ex VAT in software licences to deal with capacity constraints. The delay in implementation led to a saving of PS10,320 ex VAT in support charges. The total value of all modifications to date is PS6290,836.67 ex VAT. The new contract value for the initial 3 year term is PS1,950.022.67 ex VAT. Description of the economic or technical reasons and the inconvenience or duplication of cost preventing a change of contractor: Successive Covid lockdowns resulted in resourcing issues during implementation, alongside the delivery team finding unexpected issues during the data ingestion phase.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b7cc1bf0-fd74-4e13-b4bd-1df40e11e5dc
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9139ff37-b13d-4963-8ffe-63fb0008b6a1
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
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
£1
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
7 Oct 20223 years ago
Submission Deadline
20 Sep 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
29 Apr 2021 - 29 Apr 2024 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BIP SOLUTIONS LIMITED
Contact Name
Not specified
Contact Email
paul.riley@fca.org.uk
Contact Phone
+442070660911

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
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

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. 

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