Contract notice
Section I: Contracting
authority
I.1) Name and addresses
THE FINANCIAL REPORTING COUNCIL LIMITED
02486368
8th Floor,125 London Wall
LONDON
EC2Y5AS
UK
Contact person: Head of Procurement
Telephone: +44 2074922300
E-mail: procurement@frc.org.uk
NUTS: UKI
Internet address(es)
Main address: https://www.frc.org.uk/
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
https://www.contractsfinder.service.gov.uk/Notice/701d5a4a-4e87-48d1-bc06-3dded86b3e3a
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent to the abovementioned address
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Economic and financial affairs
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Financials Markets data platform
Reference number: FRC2023-0187
II.1.2) Main CPV code
72000000
II.1.3) Type of contract
Services
II.1.4) Short description
The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. We seek to promote transparency and integrity in business; our work is aimed at investors and others who rely on company accounts, audit, and high-quality risk management. As the Competent Authority for audit in the UK, the FRC sets auditing and ethical standards and monitors and enforces audit quality.
• The FRC's Economics, Strategy and Analytics (ESA) team provides operational support to various departments at the FRC. These services include but are not limited to: -
o Providing market intelligence and analysis on markets, companies, and the general business landscape in the UK
o Providing economic advice, including on Regulatory Impact Assessments
• To fulfil the activities undertaken by the ESA team, access to a near real-time financial market data platform that provides financial data, company data, financial news and financial analysis and country and economic data for public UK & International entities. This data must be accessible via web or desktop app and Excel plug ins.
• The FRC requires, a source of financial market data. Our requirement is therefore an subscription with a database provider (with the breadth and depth of the data we require) that can provide financial m arkets data platform for example in the areas including but not limited to:
o Financial statements and accounting standards data
o Asset data
o Debt data
o Audit data
o Ownership data
o Operation and profit data
Please refer to the tender documents for full details. This document can be found at: https://www.contractsfinder.service.gov.uk/Notice/701d5a4a-4e87-48d1-bc06-3dded86b3e3a
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.3) Place of performance
NUTS code:
UKI
II.2.4) Description of the procurement
• The FRC requires, a source of financial market data. Our requirement is an osubscription with a database provider (with the breadth and depth of the data we require) that can provide the following content within the following data categories:
o Financial statements and accounting standards data
o Asset data
o Debt data
o Audit data
o Ownership data
o Operation and profit data
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6) Estimated value
Value excluding VAT:
1 050 000.00
GBP
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 72
This contract is subject to renewal: Yes
Description of renewals:
3 years initial term to the option to extend for a further 3 years.
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
No
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section III: Legal, economic, financial and technical information
III.1) Conditions for participation
III.1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
List and brief description of conditions:
Please see details in the tender pack.
III.1.2) Economic and financial standing
List and brief description of selection criteria:
Please see details in the tender pack.
III.2) Conditions related to the contract
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
IV.2) Administrative information
IV.2.2) Time limit for receipt of tenders or requests to participate
Date:
29/02/2024
Local time: 12:00
IV.2.4) Languages in which tenders or requests to participate may be submitted
EN
IV.2.6) Minimum time frame during which the tenderer must maintain the tender
Duration in months: 3 (from the date stated for receipt of tender)
IV.2.7) Conditions for opening of tenders
Date:
29/02/2024
Local time: 12:05
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
No
VI.4) Procedures for review
VI.4.1) Review body
Head of Procurement
London
UK
E-mail: procurement@frc.org.uk
VI.5) Date of dispatch of this notice
29/01/2024