Award

Fund Data Analysis Tool

FINANCIAL CONDUCT AUTHORITY

This public procurement record has 1 release in its history.

Award

21 Apr 2021 at 14:45

Award Notice
Summary of the contracting process

The Financial Conduct Authority (FCA) has recently completed a procurement process for the "Fund Data Analysis Tool," valued at £129,888, focusing on IT services related to consulting and software development. The contract is aimed at supporting the FCA's role in supervising over 4,000 UK authorised funds. The procurement method initiated was a tender, with the award date marked on 5th March 2021, and the contract period commencing on 3rd May 2021 until 2nd May 2022. The project serves regions including the UK, Europe, and several British Overseas Territories.

This contract presents substantial opportunities for businesses that specialise in data analysis tools, particularly those with expertise in developing software for financial services. Companies that can demonstrate experience in creating solutions for assessing risk and return characteristics, alongside monitoring financial inflows and outflows, would find themselves well-suited to engage in similar tenders. The nature of the requirements suggests potential for large-scale firms or those with specialised capabilities in the finance sector to compete effectively for future projects of this type.

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Notice Information

Notice Title

Fund Data Analysis Tool

Notice Description

The Financial Conduct Authority Fund Supervision team is responsible for supervising more than 4,000 UK authorised funds. The team's supervision work is informed by data analysis, which helps build a clearer picture of the UK authorised fund population. The team uses number of tools to analyse various data sources to identify outliers. The aim is to identify issues as early as possible to minimise detriment. The team required a tool that will allow it to analyse information about funds' risk and return characteristics, to identify outliers within certain sectors and categories. Analysis includes assessing inflows and outflows for funds and monitoring potential closet constrained or closet tracker funds.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f8257846-7bbb-4196-bb07-022e7f1540fc
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/088362af-666d-43bb-a9d5-4a653568dd76
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
Not specified
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
£129,888 £100K-£500K
Lots Value
Not specified
Awards Value
£129,888 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
21 Apr 20214 years ago
Submission Deadline
5 Mar 2021Expired
Future Notice Date
Not specified
Award Date
5 Mar 20214 years ago
Contract Period
2 May 2021 - 2 May 2022 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
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
Not specified
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

MARKOV PROCESSES INTERNATIONAL

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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