--- title: "Finance outsourced service" ocid: "ocds-b5fd17-3dd6097f-9ef3-4fdc-9a15-6cf9c300e8d5" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-3dd6097f-9ef3-4fdc-9a15-6cf9c300e8d5" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-3dd6097f-9ef3-4fdc-9a15-6cf9c300e8d5.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-3dd6097f-9ef3-4fdc-9a15-6cf9c300e8d5.json" source: "Contracts Finder" current_stage: "Planning" buyer: "SINGLE SOURCE REGULATIONS OFFICE" published: "2021-11-04" --- # Finance outsourced service Buyer: SINGLE SOURCE REGULATIONS OFFICE Current stage: Planning OCID: ocds-b5fd17-3dd6097f-9ef3-4fdc-9a15-6cf9c300e8d5 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-3dd6097f-9ef3-4fdc-9a15-6cf9c300e8d5) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-3dd6097f-9ef3-4fdc-9a15-6cf9c300e8d5.json) ## Summary The Single Source Regulations Office (SSRO) is currently in the planning stage of a procurement process for an outsourced finance service based in London, United Kingdom. This tender, titled "Finance outsourced service," aims to establish a five-year contract involving essential financial support services, including financial accounting, management accounting, and professional advice. Interested suppliers are invited to submit their estimated costs by the engagement end date of 19th November 2021. Relevant technical specifications and an early engagement notice have been published, outlining the requirements of the services needed. This procurement presents a significant opportunity for businesses, particularly small and medium-sized enterprises (SMEs), to expand their reach and capabilities in the public sector. Firms with expertise in finance, accounting, and associated consultancy services would find this tender particularly suited to their strengths. Participation can enhance visibility and credibility with government entities while also providing avenues for delivering critical support services to an important regulator of military procurement in the UK. ## Notice The Defence Reform Act 2014 established the Single Source Regulations Office ("SSRO") as an independent regulator of the UK Government's procurement of single source military equipment and services. The SSRO is the custodian of the single source procurement framework and has a number of functions under the Act and the Single Source Contract Regulations 2014. The SSRO is asking interested suppliers to provide an estimated cost for a 5-year contract (based on 3 years, plus 1year, plus 1 year) for: a. the provision of the Outsourced Finance Support Core Services; and b. a daily rate for the optional professional advice. The SSRO would also welcome written comments and feedback in relation to the services specification. Information gained from the market will be used to inform a future OJEU tender. The SSRO requires these services to ensure the efficient and effective discharge of its functions. The Outsourced Finance Support services which the SSRO requires are summarised in the below: Finance Service & Financial Accounting Services: maintain the integrity of the financial database and chart of accounts by undertaking periodic housekeeping and reconciliation routines on the General Ledger. Management Accounting Service: maintain the integrity of the structures (e.g. chart of accounts, activity centre structure, journal definitions) within the financial database. Resource accounts: ensure this element of the Annual Report and Accounts provides a true and fair view of the SSRO's financial position at the time of the preparation of the accounts. Payments to suppliers and employees: provision of a payments service via a secure environment within the parameters of available systems controls, for the upload of purchase ledger transactions, through to the production and dispatch of the required payment instrument, (including BACS and CHAPS). Professional Advice: provision of a call off service for professional finance advice. Advice will cover but not limited to tax, vat & accounting standards. The SSRO invites suppliers to provide an estimate of costs to provide the services outlined above along with any relevant supporting information to tenders@ssro.gov.uk. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/8e55fd12-fde0-429d-bbb0-3753ab0aa6b3 | | Notice type | Market Engagement Notice | | Procurement type | Standard | | Procurement category | Not specified | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 4 Nov 2021 | | Submission deadline | Not specified | | Future notice date | 19 Nov 2021 | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Planning | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | SINGLE SOURCE REGULATIONS OFFICE | | Locality | LONDON | | Post town | Central London | | Postcode | EC4A 1AB | | 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 | Farringdon Without | | Westminster constituency | Cities of London and Westminster | | Delivery location | TLI London | ## CPV Codes ### Divisions - 48 - Software package and information systems ### Codes - 48000000 - Software package and information systems ## Release History - 4 Nov 2021 at 09:36 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/8e55fd12-fde0-429d-bbb0-3753ab0aa6b3 - 28 Oct 2021 at 13:18 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/8e55fd12-fde0-429d-bbb0-3753ab0aa6b3 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/8e55fd12-fde0-429d-bbb0-3753ab0aa6b3 4th November 2021 - Early engagement notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/32aab65a-16ef-4611-9c97-060962cad75e ## 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-b5fd17-3dd6097f-9ef3-4fdc-9a15-6cf9c300e8d5. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-3dd6097f-9ef3-4fdc-9a15-6cf9c300e8d5.json.