Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Financial Services Compensation Scheme (FSCS)
10th Floor, Beaufort House, 15 St Botolph Street
London
EC3A 7QU
UK
Telephone: +44 2073758175
E-mail: Chris.Sutherland@fscs.org.uk
NUTS: UK
Internet address(es)
Main address: www.fscs.org.uk
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 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.1.7) Total value of the procurement
Value excluding VAT:
307 000.00
GBP
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
Quality criterion: Quality
/ Weighting: 70
Price
/ Weighting:
30
II.2.11) Information about options
Options:
Yes
Description of options:
The contract period is 3 years with the option of a further two extensions of up-to 12 months each.
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 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.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2018/S 145-332017
Section V: Award of contract
Contract No: FSCS343
Title: Provision of a Sanctions Screening Service
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
15/02/2019
V.2.2) Information about tenders
Number of tenders received: 5
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
LexisNexis Risk Solution UK
1st Floor, 80 Moorbridge Road, Maidenhead, Berkshire, SL6 8BW
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 307 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
The Royal Court of Justice
The Strand
WC2A 2LL
UK
VI.5) Date of dispatch of this notice
22/03/2019