Provision of a Market Surveillance Solution

Publication reference: 2021/S 000-024583
Publication date: 4 October 2021

F02: Contract notice

Section one: Contracting authority

one.1) Name and addresses

Financial Conduct Authority

12 Endeavour Square

London

E20 1JN

Contact

Paul Riley

Email

Paul.Riley@fca.org.uk

Telephone

+44 2070660911

Country

United Kingdom

NUTS code

UK - United Kingdom

Internet address(es)
Main address

https://www.fca.org.uk/

Buyer's address

https://fca.delta-esourcing.com/

one.3) Communication

The procurement documents are available for unrestricted and full direct access, free of charge, at

https://fca.delta-esourcing.com/

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

Provision of a Market Surveillance Solution

Reference number

CON-021-080

two.1.2) Main CPV code
  • 48000000 - Software package and information systems
two.1.3) Type of contract

Supplies

two.1.4) Short description

The FCA is refreshing its Market Surveillance capability and is looking to update and develop the functionality/scope or capabilities of its current solution.

The current capability is a cloud hosted big data solution that receives around 30m Transaction Reports and circa 200m Order messages covering market activity on around 10,000 listed Products (with associated derivatives) each day and generates alerts to detect potential market abuse and identify trends for further investigation by analysts.

As part of this refresh the FCA would like to extend current capabilities beyond secondary market activity into the near real-time world of issues affecting listed companies.

The solution will be delivered as Software as a Service (SaaS).

All details of the requirements are provided in the ITT documentation.

two.1.5) Estimated total value

Value excluding VAT: £3,500,000

two.1.6) Information about lots

This contract is divided into lots: No

two.2) Description

two.2.2) Additional CPV code(s)
  • 48812000 - Financial information systems
  • 72000000 - IT services: consulting, software development, Internet and support
  • 48000000 - Software package and information systems
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

The FCA is refreshing its Market Surveillance capability and is looking to update and develop the functionality/scope or capabilities of its current solution.

The current capability is a cloud hosted big data solution that receives around 30m Transaction Reports and circa 200m Order messages covering market activity on around 10,000 listed Products (with associated derivatives) each day and generates alerts to detect potential market abuse and identify trends for further investigation by analysts.

As part of this refresh the FCA would like to extend current capabilities beyond secondary market activity into the near real-time world of issues affecting listed companies.

The solution will be delivered as Software as a Service (SaaS).

All details of the requirements are provided in the ITT documentation.

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: £3,500,000

two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months

60

This contract is subject to renewal

Yes

Description of renewals

There will be two (2) options for renewal at the end of the initial five (5) year term. Each renewal will be for a maximum duration of 12 months.

two.2.10) Information about variants

Variants will be accepted: No

two.2.11) Information about options

Options: Yes

Description of options

There will be two (2) options for renewal at the end of the initial five (5) year term. Each renewal will be for a maximum duration of 12 months.

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

The Access Code for Delta is: T584Z4947K

https://fca.delta-esourcing.com/respond/T584Z4947K


Section three. Legal, economic, financial and technical information

three.1) Conditions for participation

three.1.2) Economic and financial standing

Selection criteria as stated in the procurement documents

three.1.3) Technical and professional ability

Selection criteria as stated in the procurement documents


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: Yes

four.2) Administrative information

four.2.1) Previous publication concerning this procedure

Notice number: 2021/S 000-009705

four.2.2) Time limit for receipt of tenders or requests to participate
Date

1 November 2021

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: 6 (from the date stated for receipt of tender)

four.2.7) Conditions for opening of tenders
Date

1 November 2021

Local time

12:01pm

Place

London


Section six. Complementary information

six.1) Information about recurrence

This is a recurrent procurement: No

six.3) Additional information

The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.

For more information about this opportunity, please visit the Delta eSourcing portal at:

https://fca.delta-esourcing.com/tenders/UK-UK-London:-Software-package-and-information-systems./T584Z4947K

To respond to this opportunity, please click here:

https://fca.delta-esourcing.com/respond/T584Z4947K

GO Reference: GO-2021104-PRO-19015687

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. In accordance with PCR 2015, the contracting party will incorporate a minimum ten (10) calendar days standstill period from the date information on the award of the contract is communicated to tenderers. The notification will provide full information on the award decision.