Client Advice Management Solution

Concepts

• derby
• financial analysis
• software package

Location

Derby

Description

Software - a specialised advice management system for vulnerable clients. We were only able to identify one solution that met essential requirements.

Total Quantity or Scope

A Client Advice Management solution - a specialised advice management system for vulnerable clients, with a financial assessment tool in line with the Financial Conduct Authority (FCA) requirements for understanding clients' needs and circumstances. It must be capable of producing a Financial Statement which meets the requirements of the FCA with an inbuilt electronic document records management system that marries electronic records to clients' current advice and applies relevant retention periods, to include functionality for managing and setting controls around conflicts of interest between clients as per FCA rules.

Award Detail

Renewal Options

36 month initial contract with 3 x 24 month extension options to review if there are any suitable alternative providers in the future.

Award Criteria

CPV Codes

• 48441000 - Financial analysis software package

Indicators

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

Legal Justification

Only one possible provider to meet all requirements has been identified. Derby Homes Ltd posted a VEAT notice to confirm no other options exist following our due diligence, to be transparent about action taken and why. The contract term will allow a competitive process in the future if alternatives exist which we have otherwise been unable to identify or develop in the future.

Other Information

We intend to use the software for three years, reviewing for alternative providers and any need for a competitive procedure after two years, then likely take up to 3 x 24 month extension options with further review.