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NAO - Financial System Transactions Data Extraction Tool

National Audit Office

This public procurement record has 2 releases in its history.

Award

12 Aug 2024 at 14:05

Award Notice
Tender

24 Apr 2024 at 19:05

Tender Notice
Summary of the contracting process

The National Audit Office (NAO) has awarded a contract to Validis UK Limited for the provision of software to support data extraction from financial systems used by bodies audited by NAO. This procurement falls under the category of IT services (consulting, software development, Internet, and support) and is located in the United Kingdom. The procurement method used was an open procedure. The contract, valued at £225,000 inclusive of VAT, was signed on 24th July 2024, covering a one-year term with possible extensions. Initially, the procurement had two lots, but only Lot 1 (FTS Open Procurement) was awarded, and the procurement stage is now complete.

This opportunity provides significant business growth potential for IT service providers, particularly those experienced in data extraction and financial system integrations. Small or medium enterprises (SMEs) with expertise in developing and maintaining financial data extraction tools and providing remote support and training solutions would be well-suited to compete in similar future opportunities. Joining as suppliers can potentially lead to stable and extended engagements with prestigious public sector audit bodies such as the NAO, Audit Wales, Northern Ireland Audit Office, and Audit Scotland.

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Notice Information

Notice Title

NAO - Financial System Transactions Data Extraction Tool

Notice Description

The National Audit Office (NAO) has awarded a contract for the provision of software to support with data extraction from financial systems used by bodies audited by NAO. The contract value is PS270,000 inclusive of VAT, for the duration of the contract term (1+1+1).

Lot Information

Lot 1 Financial System Transactions Data Extraction Tool

FTS Open Procurement

Renewal: Consideration of contract renewal shall be detailed within ITT Document, Suppliers are requested to refer to the published ITT document for further information.

Lot 2 Financial System Controls Data Extraction and Analysis Tool

The selected supplier awarded the contract will be expected to provide a system that will be able to extract data pertaining to user and control configurations from ERP systems into a standard format and then analyse said data as appropriate for our audit needs to support our external statutory financial audits where those audits seek to test application and general IT dependent controls. The estimated value for this lot 2 will be PS150k inclusive of VAT (PS50,000 per annum). The selected supplier(s) will be expected to only store and process all NAO and NAO client data in the UK. The Supplier shall be able to install (if applicable) and offer training and support for their tooling remotely and, if required, at the NAO's premises in London as required for installation (if applicable), training and support. Additional information: To respond to this opportunity please click here: https://www.delta-esourcing.com/respond/NZX324K636

Renewal: Consideration of contract renewal shall be detailed within ITT Document, Suppliers are requested to refer to the published ITT document for further information.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0454f7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/025434-2024
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
SME

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
£350,000 £100K-£500K
Lots Value
£350,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£225,000 £100K-£500K

Notice Dates

Publication Date
12 Aug 20242 years ago
Submission Deadline
29 May 2024Expired
Future Notice Date
Not specified
Award Date
24 Jul 20242 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
National Audit 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
VICTORIA
Postcode
SW1W 9SP
Postcode Area
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

Validis UK Limited

Further Information

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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