Provision of a Search and Discovery (Insight Engine) Solution

Concepts

• software package
• fca
• provision of a search
• discovery capability
• rich context searches
• discovery analytics
• discovery
• search
• insight engine
• enterprise search

Location

London

Description

The Financial Conduct Authority is awarding the contract for the provision of a search and discovery (insight engine) solution. The contract will deliver a search and discovery capability to the FCA. The contract will cover 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.

Total Quantity or Scope

The FCA sought to procure a Search and Discovery solution, which would be hosted in the FCA cloud to deliver the following outcomes. The objective included: • to provide the entire FCA workforce (to varying degrees) access to market leading capability to exploit (search, discover and gain insight from) the diverse data the FCA has access to. The Search outcomes included: • an enterprise search that empowers users to conduct powerful and rich context searches across a variety of data types held in a number of locations (within the organisation); • the ability to add external sources such as companies house, partner organisation data, open data sets, etc. • the ability to extend and evolve search models over time; • an intuitive means (low entry barrier) through which to identify results beyond a simple search (e.g. visualisation to help interpretation by non-data/intelligence specialists); • a capability that fosters collaboration among colleagues e.g. capturing and sharing insights gleaned between teams; • support the FCA data strategy through the development of new (and leveraging existing) data management collateral within the FCA. The Discovery outcomes included: • discovery analytics that provide users with rich context and intelligence within the data e.g. through inexact matching, visualisations, collaboration, notifications, analytics; • the ability to discover new related data sets as part of intelligent searching; • support programming of rules based alerts that indicate cause for concern, e.g. firms exhibiting behaviours FCA deem to be indicators of risk/harm at any given time; • support FCA information security access controls (e.g. ensuring users see what their authorised to, inheriting security profile of source systems); • to enhance the FCA’s capacity to identify and record new risks, and plough these back into training models; • the ability to track provenance (e.g. demonstrating evidence-based decisions, exhibiting diligence in face of external audit) The contract will provide the software, implementation/configuration services and the supplier will provide additional services related to the delivery of the solution post go live for the duration of the contract. The value of the contract may increase over the term in light of these additional services additional services. Any such modification shall be in the terms of Regulations 72 of the Public Contract Regulations 2015.

Award Detail

Renewal Options

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.

Award Criteria

CPV Codes

• 48000000 - Software package and information systems
• 72000000 - IT services: consulting, software development, Internet and support

Indicators

• Options are available.
• Award on basis of price and quality.

Other Information

This is a contract award. 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=593497998 GO Reference: GO-2021513-PRO-18238213