Find a TenderAwarded

Published 1 Feb 2024, 16:45 GMT

Official UK procurement notice

Risk, Audit and Compliance Solution

Official notice

Authority: Financial Conduct Authority·Consortium: 2 public authorities

GoodsOpen procedure

Sectors: Software Packages & ERP (48) Delivery: London (UKI4)

Published estimate£3,500,000≈ £700k / year

Submissions closed 4 Mar 2024awarded 23 Sept 2024

Awarded to CORE STREAM LTD

Contract term 5 yrsends 31 Aug 2029 · starts 1 Sept 2024

What is being bought

Published requirement description

The FCA is establishing a contractual mechanism to implement a Risk, Internal Audit and Compliance Solution to the FCA for a period of three years starting from 1 September 2024 with an option to extend by two further periods of 12 months each (maximum term 5 years).

CPV: IT software package

The lotProcurement structure

single lot · value published

Lot #1Awarded 5 yrsPublished value£3,500,000

Contract period: 1 Sept 2024 – 31 Aug 2029 (5 yrs)

Delivery: London · 12 Endeavour Square, London

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: 75%Price: 25%

Published sub-criteria (10)

Cross-Cutting Items: 2%
Action Management: 6%
Non-Functional Requirements: 25%
Compliance and Policy Mgt.: 6%
Risks and Controls: 8%
Assurance & Internal Audit: 11%
Risk Events: 5%
Data Analytics: 6%
Key Risk Indicators: 6%
Total Cost of Ownership: 25%

Published award criteria (10)

Cross-Cutting Items: 2%
Action Management: 6%
Non-Functional Requirements: 25%
Compliance and Policy Mgt.: 6%
Risks and Controls: 8%
Assurance & Internal Audit: 11%
Risk Events: 5%
Data Analytics: 6%
Key Risk Indicators: 6%
Total Cost of Ownership: 25%

What this means for your bid

Price carries 25 of 100 points: a 10% discount moves about 2.5 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

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: 1 Feb 2024, 16:45 GMT
Last source update: 16 Oct 2024, 17:19 BST
Award evaluation window: 4 Mar 2024 – …
Authority reference: CON-23-235
FTS notice number: 2024/S 000-033456
Classification (CPV): IT software package
Delivery area: London (UKI4)
Official registry OCID: ocds-h6vhtk-043685 Find a Tender

How it was run

Official notice

Run through: Atamis Health Family Portal · Who buys & how to bid on Atamis

Language: EN

Submission deadline: 4 Mar 2024, 12:00 GMT
Submission channel: {"electronicSubmission","written"}
Accepted languages: en
Bids opened: 4 Mar 2024, 12:00 GMT

Detailed submission instructions & authority contactsFrom official release

atamis-fca.my.salesforce.com ↗

Timeline

4 Mar 2024 → 16 Oct 2024 · 5 dates

Submission deadline
4 Mar 2024, 12:00 GMT
Bids opened
4 Mar 2024, 12:00 GMT
Contract starts
1 Sept 2024, 00:00 BST
Bids must remain valid until
1 Sept 2024, 23:59 BST
Notice published
16 Oct 2024, 17:19 BST

Notice history

2 events · 4 releases on Find a Tender · since 16 Oct 2024

Status changed to complete
16 Oct 2024, 17:19 BST
Buyer details updated
16 Oct 2024, 17:19 BST

Published amendments (2)

The address for accessing documentation was incorrect.The correct address is https://atamis-fca.my.site.com/s/WelcomeThe figures quoted in the notice are INCLUDING VAT

Due to an administrational error the first word of the final sentence was merged into the web address given, rendering the web link unusable. The correct weblink is: https://atamis-fca.my.site.com/s/Welcome

Routine re-releases (4)

2024-02: 1 release · 1 Feb 2024

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £565,5501 contract exc. VAT

Bids received 16

Contracts signed 1latest 23 Sept 2024

Awarded to	Value	Date	Status
CORE STREAM LTD	£565,550 †	—	Awarded

Contracts

Contract 033456-2024-1 · CORE STREAM LTD
Signed
23 Sept 2024
Value
£565,550
Period
… – 31 Aug 2029
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
16bids	—	—	—

Contracting authority & participating public bodies

2 public bodies on the notice

Financial Conduct Authority

Contracting authorityBody governed by public lawFinancial RegulationFinancial Regulator 01920623 12 Endeavour Square, London, London, E20 1JNContact name, email, phone

Bidders & participating suppliers

1 commercial party on the notice

CoreStreamAwarded supplier 20 Grosvenor Place,, London, London

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