Award

Oracle Support Renewal

FINANCIAL OMBUDSMAN SERVICE LIMITED

This public procurement record has 1 release in its history.

Award

23 Apr 2025 at 14:04

Summary of the contracting process

The Financial Ombudsman Service Limited, based in London, launched a procurement process titled "Oracle Support Renewal," aimed at renewing Oracle Policy Automation to maintain and develop functionalities within its billing system. Falling under the public authority - sub-central government category, the procurement primarily addressed the goods sector, specifically information systems and servers. This process, identified by the contract ID "ctt_3033," transitioned to the Award stage, with Phoenix Software Limited from York being the successful supplier. The contract, valued at GBP 167,898, was signed on 20th March 2025, with an effective period from 6th April 2025 to 5th April 2026.

This tender presents significant opportunities for businesses in the information systems and software domain, particularly those capable of providing support, maintenance, and development services for Oracle systems. Large enterprises with the requisite technical expertise and capacity to manage and enhance complex billing systems could find this procurement a fruitful avenue for growth. The successful engagement of Phoenix Software Limited highlights the demand for vendors who can offer comprehensive solutions to persistently evolving IT needs within public institutions.

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Notice Title

Oracle Support Renewal

Notice Description

Renew Oracle Policy Automation to maintain use of Navigator, Compass and the rulebase within the billing system, including the ongoing development to provide additional functionality (charging professional representatives).

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-050678
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/016576-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Not Specified
Procurement Method Details
Below threshold - unknown
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48800000 - Information systems and servers

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£167,898 £100K-£500K

Notice Dates

Publication Date
23 Apr 202510 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
20 Mar 202511 months ago
Contract Period
5 Apr 2025 - 5 Apr 2026 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
FINANCIAL OMBUDSMAN SERVICE LIMITED
Contact Name
Not specified
Contact Email
procurement.enquiries@financial-ombudsman.org.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
E14 9SR
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified

Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

PHOENIX SOFTWARE

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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