Section one: Contracting authority
one.1) Name and addresses
Financial Conduct Authority
12 Endeavour Square
London
E20 1JN
Telephone
+44 2070661000
Country
United Kingdom
NUTS code
UK - United Kingdom
Internet address(es)
Main address
Buyer's address
https://fca.delta-esourcing.com/
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
Market Data Processing System
two.1.2) Main CPV code
- 48170000 - Compliance software package
two.1.3) Type of contract
Supplies
two.1.4) Short description
This Notice does not relate to the award of a new Contract but to a modification to an existing contract in accordance with Regulation 72(1)(b) of the Public Contracts Regulations 2015. The Contract modification addressed by this Notice is for the provision of the Market Data Processing System originally awarded in OJEU under reference 2016/S 059-100118
two.1.6) Information about lots
This contract is divided into lots: No
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £10,750,000
two.2) Description
two.2.2) Additional CPV code(s)
- 66172000 - Financial transaction processing and clearing-house services
- 72212000 - Programming services of application software
- 72232000 - Development of transaction processing and custom software
- 48442000 - Financial systems software package
- 72262000 - Software development services
- 72212517 - IT software development services
- 72253000 - Helpdesk and support services
- 72250000 - System and support services
- 72261000 - Software support services
- 72253100 - Helpdesk services
- 72000000 - IT services: consulting, software development, Internet and support
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
Main site or place of performance
UNITED KINGDOM
two.2.4) Description of the procurement
Markets Data Processor (MDP) is an externally managed platform that collects MiFID II / MAR data from Market Participants, validates the data, supports data management. The data is used at the FCA to supervise financial markets, primarily for the detection of market abuse, market manipulation and breeches of commodity derivatives position limits.
Following a Request for Information (RFI) process, advertised through The UK Find a Tender Service under reference 2022/S 000-008070, it has been determined to enable a future procurement, which is both fair and transparent a modification to the existing platform is required. This modification is to simplify the solution, refreshing legacy system components to ensure business continuity while a future procurement is undertaken. Allowing sufficient time for process and transition to take place without business interruption.
The FCA has taken the decision, subject to Regulation 72(1)(b) to modify the existing end date of the contract from the 14th April 2023 to the 14th April 2026, this includes the year 8 option, which would have run from 15th April 2023 to the 14th April 2024 and as such this modification is for an additional 2 (two) years based maximum term of the Contract. The value of the modification is £10,750,000 ex VAT. The original Award value of the Market Data Processing Solution was £23,500,000 ex VAT and published in OJEU under reference 2016/S 059-100118. The new end date reflects the time and the technical work required to update, simplify the solution and document the new architecture in readiness for the future procurement.
two.2.5) Award criteria
Quality criterion - Name: Quality of the proposed solution / Weighting: 15
Quality criterion - Name: Ability to deliver / Weighting: 40
Quality criterion - Name: Corporate responsibility / Weighting: 5
Cost criterion - Name: Price / Weighting: 30
Cost criterion - Name: Value for Money / Weighting: 10
two.2.11) Information about options
Options: No
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
two.2.14) Additional information
This Notice does not relate to the award of a new Contract but to a modification to an existing contract in accordance with Regulation 72(1)(b) of the Public Contracts Regulations 2015. The Contract modification addressed by this Notice is for the provision of the Market Data Processing System originally awarded in OJEU under reference 2016/S 059-100118
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Competitive dialogue
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
four.2) Administrative information
four.2.1) Previous publication concerning this procedure
Notice number: 2016/S 059-100118
Section five. Award of contract
Contract No
ACT-15-004
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
22 March 2016
five.2.2) Information about tenders
Number of tenders received: 3
Number of tenders received by electronic means: 3
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Sopra Steria Limited
Three, Cherry Trees Lane
Hemel Hempsted
HP2 7AH
Country
United Kingdom
NUTS code
- UK - United Kingdom
National registration number
04077975
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: £23,500,000
Total value of the contract/lot: £34,250,000
Section six. Complementary information
six.3) Additional information
The total value of the award is the original value plus the modification value, so £23,500,000 plus £10,750,000 resulting in a total value of £34,250,000 ex VAT. This excludes the value of any small contract changes or any associated indexation on core charges to date.
To view this notice, please click here:
https://fca.delta-esourcing.com/delta/viewNotice.html?noticeId=702350698
GO Reference: GO-202271-PRO-20535127
six.4) Procedures for review
six.4.1) Review body
High Court of England and Wales
Royal Courts of Justice, The Strand
London
WC2A 2LL
Country
United Kingdom
six.4.3) Review procedure
Precise information on deadline(s) for review procedures
Any review proceedings will be dealt with in accordance with the requirements of the Public Contracts Regulations 2015 ('PCR 2015'). Any review proceedings must be brought within the timescales specified by the applicable law, including, without limitation, PCR 2015.