Source: https://tendernation.io/opportunities/01a13c9f-fd21-701a-81e1-aecff0607ceb/provision-of-a-search-and-discovery-insight-engine-solution

closed GB open procedure Suitable for SMEs

# Provision of a Search and Discovery (Insight Engine) Solution

[Bip Solutions Limited](https://tendernation.io/buyers/bip-solutions-limited)

Estimated value

£1

Published

7 Oct 2022

Deadline

Closed

21 Sept 2020

## Who can bid

- Buyer says suitable for SMEs

    The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid.
- Small contract value

    Valued under £135,018 including VAT, the lowest Procurement Act threshold for goods and services.
- Open procedure

    Anyone can submit a full tender; there is no shortlisting stage.

[More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses)

## About this tender

### Modification Notice

Original description: 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:

- Provision of the software;
- Implementation of the base functionality in the FCA cloud;
- Assistance with configuration to meet full FCA requirements;
- Provide integration to the FCA's Enterprise Data Platform;
- Transition to support and service model as defined in the requirements.

The initial 3 year term of the contract is being modified from Â£1,320,186.00 ex VAT to Â£1,950,022.67 ex VAT.

There are two, three year extension options. Each additional 3 term is estimated to be Â£897,840 ex VAT but will be subject to an inflationary uplift if extension option is utilised.

### Description of the modifications

An increase in to cost of implementation of Â£623,490 ex VAT and an increase of Â£16,666.67 ex VAT in software licences to deal with capacity constraints. The delay in implementation led to a saving of Â£10,320 ex VAT in support charges. The total value of all modifications to date is Â£6290,836.67 ex VAT. The new contract value for the initial 3 year term is Â£1,950.022.67 ex VAT.

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.

Read full description

## CPV classification

Software package and information systems

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/b7cc1bf0-fd74-4e13-b4bd-1df40e11e5dc)

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