Award

Market Data Software Subscription

NATIONAL AUDIT OFFICE

This public procurement record has 2 releases in its history.

Award

14 Jun 2022 at 11:05

Tender

06 Dec 2021 at 16:15

Summary of the contracting process

The National Audit Office (NAO) is conducting an open tender for a contract titled "Market Data Software Subscription," which falls under the business services sector, specifically related to law, marketing, consulting, recruitment, printing, and security. This procurement process is currently at the award stage, with the winning bid selected on 30 March 2022, valued at £591,600. The tender is geographically focused on the United Kingdom, and potential suppliers were required to present bids by the designated deadline on 21 January 2022.

This tender presents notable opportunities for small or medium enterprises (SMEs) that specialise in market data solutions or are involved in business services relevant to financial auditing. The NAO seeks reliable market and financial information, creating a market demand for businesses capable of delivering efficient access to economic data and asset prices. Suppliers with expertise in providing comprehensive data services and a strong understanding of financial audit requirements would be particularly well-suited to compete for this contract.

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Notice Title

Market Data Software Subscription

Notice Description

The NAO has a business need to access reliable market and financial information to inform its financial audit and value for money audit work. We require a product that provides quick and efficient access to asset and liability prices as well as economic and market data.

Lot Information

Lot 1

The NAO has a business need to access reliable market and financial information to inform its financial audit and value for money audit work. We require a product that provides quick and efficient access to asset and liability prices as well as economic and market data. Please refer to ITT for more detail.

Renewal: Three potential extensions, each for a period of one year.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02fd9a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/016250-2022
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender 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

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
£340,000 £100K-£500K
Lots Value
£340,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£591,600 £500K-£1M

Notice Dates

Publication Date
14 Jun 20223 years ago
Submission Deadline
21 Jan 2022Expired
Future Notice Date
Not specified
Award Date
29 Mar 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
NATIONAL AUDIT OFFICE
Contact Name
Central Procurement Team
Contact Email
nao.procurement@nao.org.uk
Contact Phone
+44 2077987000

Buyer Location

Locality
LONDON
Postcode
SW1W 9SP
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
Pimlico North
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

REFINITIV

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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