Section one: Contracting authority/entity
one.1) Name and addresses
Financial Conduct Authority
12 Endeavour Square
London
E20 1JN
Telephone
+44 2070660911
Country
United Kingdom
NUTS code
UKI - London
Internet address(es)
Main address
Buyer's address
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Provision of a Search and Discovery (Insight Engine) Solution
Reference number
CON-20-050
two.1.2) Main CPV code
- 48000000 - Software package and information systems
two.1.3) Type of contract
Supplies
two.2) Description
two.2.3) Place of performance
NUTS codes
- UKI - London
Main site or place of performance
LONDON
two.2.4) Description of the procurement at the time of conclusion of the contract:
The Financial Conduct Authority is modifying the award value for the contract for the provision of a search and discovery (insight engine) solution. The contract is delivering a search and discovery capability to the FCA.
The contract covers the following element, details are:
1) Provision of the software;
2) Implementation of the base functionality in the FCA cloud;
3) Assistance with configuration to meet full FCA requirements;
4) Provide integration to the FCA's Enterprise Data Platform;
5) Transition to support and service model as defined in the requirements.
The initial 3 year term of the contract is being modified from £1,320,186.00 ex VAT to £1,950,022.67 ex VAT.
There are two, three year extension options. Each additional 3 term is estimated to be £897,840 ex VAT but will be subject to an inflationary uplift if extension option is utilised.
two.2.7) Duration of the contract, framework agreement, dynamic purchasing system or concession
Start date
30 April 2021
End date
29 April 2024
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
Section four. Procedure
four.2) Administrative information
four.2.1) Contract award notice concerning this contract
Notice number: 2021/S 095-250072
Section five. Award of contract/concession
Contract No
CON-20-050
Title
Provision of a Search and Discovery (insight Engine) Solution
five.2) Award of contract/concession
five.2.1) Date of conclusion of the contract/concession award decision:
31 March 2021
five.2.2) Information about tenders
The contract/concession has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor/concessionaire
Aiimi Ltd
5th Floor, 100 Avebury Boulevard
Milton Keynes
MK9 1FH
Country
United Kingdom
NUTS code
- UK - United Kingdom
National registration number
056448705
Internet address
The contractor/concessionaire is an SME
Yes
five.2.4) Information on value of the contract/lot/concession (at the time of conclusion of the contract;excluding VAT)
Total value of the procurement: £1,320,186
Section six. Complementary information
six.3) Additional information
The contract has been awarded for 3 (three) years commencing on the 30 April 2021, the initial term will end on the 29 April 2024. The FCA will have two optional extension periods of 3 (three) years. This could result in the contract being extended until the 29 April 2030. The contract award value of GBP 1 320 186 ex VAT is for the initial term based on the first phase of deployment. As stated in the original Contract Notice, the solution will be scaled up over time. As a result the value of the contract will increased based on additional services provided by the supplier. These modifications were provided for in the original procurements documents and would comply with Regulation 72 of the Public Contract Regulations 2015.
To view this notice, please click here:
https://fca.delta-esourcing.com/delta/viewNotice.html?noticeId=713464856
GO Reference: GO-2022106-PRO-21085376
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.
Section seven: Modifications to the contract/concession
seven.1) Description of the procurement after the modifications
seven.1.1) Main CPV code
- 48000000 - Software package and information systems
seven.1.3) Place of performance
NUTS code
- UKI - London
Main site or place of performance
LONDON
seven.1.4) Description of the procurement:
The FCA sought to procure a Search and Discovery solution, which would be hosted in the FCA cloud to deliver defined outcomes.
seven.1.5) Duration of the contract, framework agreement, dynamic purchasing system or concession
Start date
30 April 2021
End date
29 April 2024
seven.1.6) Information on value of the contract/lot/concession (excluding VAT)
Total value of the contract/lot/concession:
£1,320,186
seven.1.7) Name and address of the contractor/concessionaire
Aiimi Ltd
5th Floor, 100 Avebury Boulevard
Milton Keynes
MK9 1FH
Country
United Kingdom
NUTS code
- UK - United Kingdom
National registration number
05648705
Internet address
The contractor/concessionaire is an SME
Yes
seven.2) Information about modifications
seven.2.1) Description of the modifications
Nature and extent of the modifications (with indication of possible earlier changes to the contract):
An increase in to cost of implementation of £623,490 ex VAT and an increase of £16,666.67 ex VAT in software licences to deal with capacity constraints. The delay in implementation led to a saving of £10,320 ex VAT in support charges. The total value of all modifications to date is £6290,836.67 ex VAT. The new contract value for the initial 3 year term is £1,950.022.67 ex VAT.
seven.2.2) Reasons for modification
Need for additional works, services or supplies by the original contractor/concessionaire.
Description of the economic or technical reasons and the inconvenience or duplication of cost preventing a change of contractor:
Successive Covid lockdowns resulted in resourcing issues during implementation, alongside the delivery team finding unexpected issues during the data ingestion phase.
seven.2.3) Increase in price
Updated total contract value before the modifications (taking into account possible earlier contract modifications, price adaptions and average inflation)
Value excluding VAT: £1,320,186
Total contract value after the modifications
Value excluding VAT: £1,950,022.67