Contract notice
Section I: Contracting
authority
I.1) Name and addresses
Financial Services Compensation Scheme (FSCS)
10th Floor, Beaufort House, 15 St Botolph Street
London
EC3A 7QU
UK
Telephone: +44 2077414100
E-mail: Procurement@fscs.org.uk
NUTS: UK
Internet address(es)
Main address: www.fscs.org.uk
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
www.fscs.bravosolution.co.uk
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent electronically to:
www.fscs.bravosolution.co.uk
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
General public services
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Provision of a Sanctions Screening Service
Reference number: FSCS343
II.1.2) Main CPV code
48000000
II.1.3) Type of contract
Services
II.1.4) Short description
Provision of a screening service to perform sanction screening. The solution will batch screen a payment transaction listing prior to the payment being issued against a prescribed list of sanction lists inc US, UK and UN sanctions lists.
The solution will:
— batch screen a transaction listing, returning the results in a batch file to update our CRM system,
— be configurable to allow filtering of potential matches based on pre-defined criteria,
— deal with incomplete data eg no DOB or incomplete address,
— allow enhanced due diligence eg providing beneficial ownership information for corporate entities,
— use an efficient screening algorithm that produces a low false positive rate,
— be able to handle fluctuating volumes up to a maximum of 2m payment records within tight SLA.
There will also be an optional service which is the provision of the first stage review of potential matches identifying and eliminating the false positives.
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.3) Place of performance
NUTS code:
UK
II.2.4) Description of the procurement
Provision of a screening service to perform sanction screening. The solution will batch screen a payment transaction listing prior to the payment being issued against a prescribed list of sanction lists inc US, UK and UN sanctions lists.
The solution will:
— batch screen a transaction listing, returning the results in a batch file to update our CRM system,
— be configurable to allow filtering of potential matches based on pre-defined criteria,
— deal with incomplete data eg no DOB or incomplete address,
— allow enhanced due diligence eg providing beneficial ownership information for corporate entities,
— use an efficient screening algorithm that produces a low false positive rate,
— be able to handle fluctuating volumes up to a maximum of 2m payment records within tight SLA.
There will also be an optional service which is the provision of the first stage review of potential matches identifying and eliminating the false positives.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 36
This contract is subject to renewal: Yes
Description of renewals:
Further 2 extensions of up to 12 months each.
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 Minimum Requirements as per the Tender Documents.
III.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
III.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
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:
Yes
IV.2) Administrative information
IV.2.2) Time limit for receipt of tenders or requests to participate
Date:
07/09/2018
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:
07/09/2018
Local time: 12:01
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
Yes
Estimated timing for further notices to be published:
3-5 years
VI.2) Information about electronic workflows
Electronic ordering will be used
VI.4) Procedures for review
VI.4.1) Review body
Royal Courts of Justice
The Strand
WC2A 2LL
UK
VI.5) Date of dispatch of this notice
26/07/2018