Financial Services Compensation Scheme: Financial Planning, Forecasting and Budgeting Solution

UK-London: Software package and information systems.

Section I: Contracting Authority

   I.1) Name, Addresses and Contact Point(s):
       Financial Services Compensation Scheme
       Beaufort House, 15 St. Botolph Street, London, EC3A 7QU, United Kingdom
       Tel. +44 2073758194, Email: Procurement@fscs.org.uk
       Main Address: https://www.fscs.org.uk
       NUTS Code: UK

   I.2) Joint procurement:
      The contract involves joint procurement: No          
      In the case of joint procurement involving different countries, state applicable national procurement law: Not Provided
      The contract is awarded by a central purchasing body: No

   I.4)Type of the contracting authority:
      Body governed by public law

   I.5) Main activity:
      Economic and financial affairs

Section II: Object Of The Contract

   II.1) Scope of the procurement

      II.1.1) Title: Financial Planning, Forecasting and Budgeting Solution            
      Reference number: Not Provided

      II.1.2) Main CPV code:
         48000000 - Software package and information systems.


      II.1.3) Type of contract: SUPPLIES

      II.1.4) Short description: 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

      II.1.6) Information about lots
         This contract is divided into lots: No
            
      II.1.7) Total value of the procurement (excluding VAT)
          Value: 1,224,880
                  
         Currency:GBP            

   II.2) Description

      II.2.2) Additional CPV code(s):
      Not Provided

      II.2.3) Place of performance
      Nuts code:
      UK - UNITED KINGDOM
   
      Main site or place of performance:
      UNITED KINGDOM
             

      II.2.4) Description of the procurement: 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

      II.2.5) Award criteria:
      Quality criterion - Name: Functionality / Weighting: 12
      Quality criterion - Name: Demonstration / Weighting: 24
      Quality criterion - Name: Implementation / Weighting: 9
      Quality criterion - Name: Service Level Management / Weighting: 6
      Quality criterion - Name: Integration / Weighting: 6
      Quality criterion - Name: Performance / Weighting: 3
      Quality criterion - Name: Key Contracting Principles / Weighting: 19
                  
      Cost criterion - Name: Price / Weighting: 30
            

      II.2.11) Information about options
         Options: Yes
         Description of these options:This includes the option to extend for a further period of 2 years and then subsequent two 12- month contract extensions.

      II.2.13) Information about European Union funds
         The procurement is related to a project and/or programme financed by European Union funds: No
         

      II.2.14) Additional information: Not Provided


Section IV: Procedure

IV.1) Description

   IV.1.1)Type of procedure: Open


   IV.1.3) Information about a framework agreement or a dynamic purchasing system
      The procurement involves the establishment of a framework agreement: No       
      

   IV.1.6) Information about electronic auction
      An electronic auction has been used: No

   IV.1.8) Information about the Government Procurement Agreement (GPA)
      The procurement is covered by the Government Procurement Agreement: Yes

IV.2) Administrative information

   IV.2.1) Previous publication concerning this procedure
       Notice number in the OJEU: 2022/S 000-025402
      
   

   IV.2.9) Information about termination of call for competition in the form of a prior information notice
      The contracting authority will not award any further contracts based on the above prior information notice: No

Section V: Award of contract

Award Of Contract (No.1)

   Contract No: FSCS 419    
   Lot Number: Not Provided    
   Title: Finance Planning, Forecasting, Budgeting Solution

   A contract/lot is awarded: Yes


   V.2) Award of contract

      V.2.1) Date of conclusion of the contract: 02/04/2023

      V.2.2) Information about tenders
         Number of tenders received: 9
         Number of tenders received from SMEs: Not Provided          
         Number of tenders received from tenderers from other EU Member States: Not Provided          
         Number of tenders received from tenderers from non-EU Member States: Not Provided          
         Number of tenders received by electronic means: Not Provided

      V.2.3) Name and address of the contractor

      The contract has been awarded to a group of economic operators: No
         
         Contractor (No.1)
             Tagetik UK Limited, 06775429
             145 London Road, Kingston Upon Thames, KT2 6SR, United Kingdom
             NUTS Code: UK
            The contractor is an SME: No

      V.2.4) Information on value of the contract/lot (excluding VAT)
         Initial estimated total value of the contract/lot: 1,224,880          
         Total value of the contract/lot: 1,224,880
         Currency: GBP

      V.2.5) Information about subcontracting
         The contract is likely to be subcontracted: No
         
Section VI: Complementary information

   VI.3) Additional information: To view this notice, please click here:
https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=773477614

   VI.4) Procedures for review

      VI.4.1) Review body
          The Royal Court of Justice
          The Strand, London, United Kingdom

      VI.4.3) Review procedure
         Precise information on deadline(s) for review procedures: Not Provided

      VI.4.4) Service from which information about the review procedure may be obtained
         Not Provided

   VI.5) Date of dispatch of this notice: 05/04/2023