Expired contract

GB-London: CON-20-189 CVS Workday

Details

Value
£1,000,000
Duration
10 months
Topic
IT services: consulting, software development, Internet and support
Published
11 December 2023

Tender description

This is a modification of an existing FCA call off contract, which utilised the Cloud and Technology Resourcing and Outcomes Framework (award reference: 2019/S 111-273280). The services covers resources to support the FCA Workday application. The FCA has taken the decision, subject to Regulation 72(1)(b) of the Public Contract Regulations 2015 to modify the existing end date of the call off contract from the 31st December 2023 to the 30th October 2024. The original start date was the 1st January 2023. The value of the modification is £1,000,000 ex VAT. The original Award value of the Contract was £2,398,000.00 ex VAT. The new end date reflects the time and the technical work required to update requirements ready for a future call off activity under the FCA Digital Services Framework Agreement (award reference: 2023/S 000-031669) . The total value of the call off following this modification will be £3,398,000.00 ex VAT. The call off contract will now end either on the 30th October 2024 or sooner if the modification value is fully used before this date.

Timeline

  1. Completed: Award published11 December 2023
    Current notice
  2. Completed: Award date1 January 2024
  3. Completed: Contract expiry date31 October 2024

About the buyer

The Financial Conduct Authority regulates the UK's financial services industry, and buys as a central government body with its own procurement function. Larger contracts fall under the Public Contract Regulations 2015 once they pass a set threshold. Both pan-government and FCA-tendered framework agreements offer alternative routes to market. An ethical procurement standard applies to purchases wherever possible.

Over the past 5 years, most of the Financial Conduct Authority's contract awards have been in IT services, business services and software and information systems.

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