Find a TenderAwarded

Published 9 Sept 2022, 16:05 BST

Official UK procurement notice

Financial Planning, Forecasting and Budgeting Solution

Official notice

Authority: Financial Services Compensation Scheme (Public body)

GoodsOpen procedure

Sectors: Software Packages & ERP (48) Delivery: UK

Published estimate£1,150,000exc. VAT6.5% above published estimate

Submissions closed 28 Oct 2022awarded 2 Apr 2023

Awarded to Tagetik UK Limited

What is being bought

Published requirement 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

CPV: Software package and information systems

The lotProcurement structure

single lot · value published

Lot #1AwardedRenewalPublished value£1,150,000

Delivery: UK · UNITED KINGDOM

Extensions: This includes the option to extend for a further period of 2 years and then subsequent two 12- month contract extensions. · This includes the option to extend for a further period of 2 years and then subsequent two 12- month contract extensions.Variant bids: not allowed

What it takes to win
i
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).

Evaluation split and conditions of participation as published; the tender pack may add more

How bids were scored

Quality: 79%Price: 30%

Published sub-criteria (8)

Functionality: 12%
Demonstration: 24%
Implementation: 9%
Service Level Management: 6%
Integration: 6%
Performance: 3%
Key Contracting Principles: 19%
Price: 30%

Published award criteria (8)

Functionality: 12
Demonstration: 24
Implementation: 9
Service Level Management: 6
Integration: 6
Performance: 3
Key Contracting Principles: 19
Price: 30

What this means for your bid

Price carries 30 of 109 points: a 10% discount moves about 3 points. The method statement decides this lot, not the discount.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

Procedure terms & legal framework

From the official record · publisher note attached

Procedure method: Open procedure
Legal basis: CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category: Goods
Notice status: Awarded
Procurement threshold: Unspecified in notice
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Competitive procedure
GPA / WTO covered: Yes (GPA)
Recurring procurement: No (one-off requirement)
First published: 9 Sept 2022, 16:05 BST
Last source update: 6 Apr 2023, 10:05 BST
Award evaluation window: 28 Oct 2022 – …
FTS notice number: 2023/S 000-010082
Classification (CPV): Software package and information systems
Delivery area: UK
Official registry OCID: ocds-h6vhtk-036761 Find a Tender

Publisher note: To view this notice, please click here: <a href="https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=773477614" target="_blank">https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=773477614</a> GO Reference: GO-202345-PRO-22483333

How it was run

Official notice

Submission deadline: 28 Oct 2022, 14:00 BST
Submission channel: {"written"}
Accepted languages: en
Bid validity: 180 days from the deadline
Bids opened: 28 Oct 2022, 14:00 BST

Timeline

28 Oct 2022 → 6 Apr 2023 · 3 dates

Submission deadline
28 Oct 2022, 14:00 BST
Bids opened
28 Oct 2022, 14:00 BST
Notice published
6 Apr 2023, 10:05 BST

Notice history

1 event · 2 releases on Find a Tender

Status changed to complete
6 Apr 2023, 10:05 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £1,224,8801 contract exc. VAT

Bids received 9

Contracts signed 1latest 2 Apr 2023

Awarded to	Value	Date	Status
Tagetik UK LimitedFinance Planning, Forecasting, Budgeting Solution	£1,224,880 †	—	Awarded

Contracts

Finance Planning, Forecasting, Budgeting Solution · Tagetik UK Limited
Signed
2 Apr 2023
Value
£1,224,880
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
9bids	—	—	—

Contracting authority & participating public bodies

Financial Services Compensation Scheme

Contracting authorityPublic bodyBody governed by public lawEconomic affairs Beaufort House, 15 St. Botolph Street, London, UK, EC3A 7QUContact email, phone Published organisation website ↗

Dispute resolution & review bodies

The Royal Court of JusticeReview body London

Bidders & participating suppliers

1 commercial party on the notice

Tagetik UK LimitedAwarded supplier06775429 145 London Road, Kingston Upon Thames, UK, KT2 6SR

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

Economic and financial selection criteriatenderEconomic and financial selection criteria
Technical selection criteriatenderTechnical selection criteria