---
title: "Financial Planning, Forecasting and Budgeting Solution"
ocid: "ocds-b5fd17-028d898f-bbc0-4ec3-b226-e8bb08a15d19"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-028d898f-bbc0-4ec3-b226-e8bb08a15d19"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-028d898f-bbc0-4ec3-b226-e8bb08a15d19.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-028d898f-bbc0-4ec3-b226-e8bb08a15d19.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "FINANCIAL SERVICES COMPENSATION SCHEME"
published: "2023-04-05"
---

# Financial Planning, Forecasting and Budgeting Solution

Buyer: FINANCIAL SERVICES COMPENSATION SCHEME  
Current stage: Award  
OCID: ocds-b5fd17-028d898f-bbc0-4ec3-b226-e8bb08a15d19

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-028d898f-bbc0-4ec3-b226-e8bb08a15d19)  
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## Summary

The Financial Services Compensation Scheme has successfully awarded a contract for a Financial Planning, Forecasting and Budgeting Solution. The contract value is £1,224,880 GBP, with the contract period starting on April 3, 2023, and ending on April 2, 2026. The buyer, Financial Services Compensation Scheme, located in London, UK, used an open procurement method for this goods procurement. The award was made on April 2, 2023, and the tender period ended on April 2, 2023.

This tender presents an opportunity for businesses, especially in the software package and information systems sector, to provide Financial Planning, Forecasting and Budgeting solutions to the Financial Services Compensation Scheme. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations are well-suited to compete due to the stated suitability. Businesses located in British Oversea Territories, Channel Islands, Europe, Isle of Man, the Rest of the World, and the United Kingdom are eligible to bid for this contract.

## Notice

FSCS has procured Financial Planning, Forecasting and Budgeting solution. The new solution would support the business to do the following: *Prepare regular forecasts and annual budgets of all cost and revenue accounts in a simple and easily updatable manner; *Prepare regular forecasts of non-financial information e.g. headcount and claims volumes; *Monitor actuals against budget and forecasts enabling management to easily identify, understand and report variances; *Allocation of costs (actuals and forecast) to several categories e.g. for activity-based costing analysis and to various funding categories for levy calculations; and *Report to senior management, Board and externally. This includes licences, implementation and annual support and maintenance

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/4ab9932e-73e2-4014-ad5a-4da6fd319c34 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Goods |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 5 Apr 2023 |
| Submission deadline | 1 Apr 2023 |
| Future notice date | Not specified |
| Award date | 1 Apr 2023 |
| Contract period | 2 Apr 2023 - 2 Apr 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,224,880 |
| Lots value | Not specified |
| Awards value | £1,224,880 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | FINANCIAL SERVICES COMPENSATION SCHEME |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC3A 7QU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Portsoken |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | TAGETIK |

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48000000 - Software package and information systems

## Release History

- 5 Apr 2023 at 21:30 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/4ab9932e-73e2-4014-ad5a-4da6fd319c34

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/4ab9932e-73e2-4014-ad5a-4da6fd319c34
  5th April 2023 - Awarded contract notice on Contracts Finder
- https://www.delta-esourcing.com/delta/respondToList.html?noticeId=773477614
  Please follow this link to view the notice.

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-028d898f-bbc0-4ec3-b226-e8bb08a15d19. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-028d898f-bbc0-4ec3-b226-e8bb08a15d19.json.