Award

Foreign Direct Investment Tool

DEPARTMENT FOR INTERNATIONAL TRADE

This public procurement record has 1 release in its history.

Award

08 Aug 2024 at 10:23

Summary of the contracting process

The Department for Business and Trade (DBT) has completed the procurement process for a Foreign Direct Investment (FDI) benchmarking tool, awarded on 22nd July 2024 to The Financial Times Limited. The tool is designed to analyse the UK's FDI performance, offering data segmentation, real-time access, and robust security among its features. This contract falls under the industry category of Software package and information systems with additional IT services, covering locations from the United Kingdom to the Rest of the World. The contract period begins on 23rd July 2024 and ends on 22nd July 2026, with the platform ready for deployment by 1st June 2024. The value of the contract is GBP 550,000 and was procured through an open procedure above the threshold.

This tender presents substantial opportunities for businesses specialising in IT services, software development, and consultancy to contribute to an internationally significant project. Small and medium-sized enterprises (SMEs) and voluntary, community and social enterprises (VCSEs) are particularly well-suited to compete for similar future opportunities, leveraging their agility and innovative capabilities in the rapidly evolving tech landscape. Collaboration with the DBT on this project could enhance a business’s portfolio and reputation, creating pathways for further engagements and growth in the public sector.

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How relevant is this notice?

Notice Title

Foreign Direct Investment Tool

Notice Description

The Department for Business and Trade (DBT) has procured a comprehensive tool for benchmarking the UK against international competitors in terms of Foreign Direct Investment (FDI) performance and investment environment. The tool will offer detailed data segmentation, customisable analysis and reporting, early warning systems for investment opportunities, and market intelligence analysis. Additionally, the tool will provide real-time access, robust security, unlimited downloads, usage reports, and 24/7 customer support. The platform is GDPR compliant, scalable for at least 150 users, and ready for deployment by June 1, 2024.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c35e07f1-46b8-4e42-be05-0b55d6f2e64b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5b8d33d3-2054-4c16-9100-94c1b4e830db
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 (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

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


CPV Codes

48000000 - Software package and information systems

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

Notice Value(s)

Tender Value
£550,000 £500K-£1M
Lots Value
Not specified
Awards Value
£550,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
8 Aug 20241 years ago
Submission Deadline
2 May 2024Expired
Future Notice Date
Not specified
Award Date
21 Jul 20241 years ago
Contract Period
22 Jul 2024 - 22 Jul 2026 1-2 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
DEPARTMENT FOR INTERNATIONAL TRADE
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 2DY
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

THE FINANCIAL TIMES

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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