Section one: Contracting authority
one.1) Name and addresses
THE FINANCIAL REPORTING COUNCIL LIMITED
8th Floor,125 London Wall
LONDON
EC2Y5AS
Contact
Head of Procurement
Telephone
+44 2074922300
Country
United Kingdom
NUTS code
UKI - London
Companies House
02486368
Internet address(es)
Main address
one.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 above-mentioned address
Tenders or requests to participate must be submitted to the above-mentioned address
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Economic and financial affairs
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Financials Markets data platform
Reference number
FRC2023-0187
two.1.2) Main CPV code
- 72000000 - IT services: consulting, software development, Internet and support
two.1.3) Type of contract
Services
two.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
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.3) Place of performance
NUTS codes
- UKI - London
two.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
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.6) Estimated value
Value excluding VAT: £1,050,000
two.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.
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
Section three. Legal, economic, financial and technical information
three.1) Conditions for participation
three.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.
three.1.2) Economic and financial standing
List and brief description of selection criteria
Please see details in the tender pack.
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: No
four.2) Administrative information
four.2.2) Time limit for receipt of tenders or requests to participate
Date
29 February 2024
Local time
12:00pm
four.2.4) Languages in which tenders or requests to participate may be submitted
English
four.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)
four.2.7) Conditions for opening of tenders
Date
29 February 2024
Local time
12:05pm
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: No
six.4) Procedures for review
six.4.1) Review body
Head of Procurement
London
Country
United Kingdom