Public procurement notice: Contract Award Notice
Published: 2025-08-08
Buyer: Keva
Country: FI
Region: FI1B1
Contract type: Services
Procedure: Open procedure
CPV classification: 72000000 | 72211000: Systems and user software programming services | 72300000 | 72600000
Estimated value: 865000 EUR
Submission deadline: 2032-06-15
Award criteria: price, quality

Technical requirements: Tenders shall be received by Keva at the specified time and no tenders will be accepted after this time.

Tenders sent by post, email or fax will not be accepted. Tenders received after the tender submission deadline will remain unopened. 

The procurement is carried out in accordance with the Act on Public Procurement and Concession Contracts (1397/2016, Act on Public Procurement and Concession Contracts). The procurement is a procurement that exceeds the EU threshold value. 
The procurement procedure is an open procedure (section 32 of the Act on Public Contracts).

The contracting authority may suspend the procurement procedure for a genuine and justified reason (section 125 of the Act on Public Contracts).

Tenderers will not be compensated for submitting a tender, presenting it or otherwise participating in the procedure.

The tender offer documents are available in English. The language of the procurement is English.

In a procurement that exceeds the EU threshold value, the procurement contract can be awarded no earlier than 14 days after the tenderer has received or is deemed to have received the decision and its justifications.

EXCLUSION FROM THE PROCUREMENT PROCEDURE
 
A tenderer who is guilty of the offences referred to in section 80 of the Public Procurement Act or whose person exercising the power of representation, decision-making or supervision has been guilty of the offences referred to in section 80 of the Public Procurement Act will also be excluded from the procurement procedure. A tenderer who is guilty of acting in violation of the Act on Public Procurement and Concession Contracts and/or providing false and/or incomplete information may be excluded from the procurement procedure. A tenderer who is subject to the grounds for exclusion referred to in section 81 of the Act on Public Procurement and Concession Contracts may be excluded from the procurement procedure. 

Tenderers who do not meet the minimum requirements for the tenderer's suitability are excluded from the procurement procedure (section 83). The content of the tender must be in accordance with the invitation to tender and its appendices, and it must contain all the information requested for the evaluation of tenderers and tenders and for the comparison of tenders. The tenderer's own terms and conditions that are contrary to the invitation to tender may not be attached to the tender. The contracting authority is obliged to reject a tender that is in violation of the invitation to tender and is not comparable (section 74). The subcontractors whose resources the tenderer relies on and the members of the consortium must jointly meet the suitability requirements as described in this invitation to tender. In this respect, Section 92 of the Act on Public Procurement and Concession Contracts is complied with. 

The contracting authority may reject a tender of abnormally low price or costs in relation to the nature and scope of the procurement (section 96). 

The above-mentioned list is not exhaustive, but the contracting authority may also refuse to accept the tender or not to carry out the procurement for other justified reasons. The exclusion of the tender is in accordance with the Act on Public Procurement and Concession Contracts and its case law.
Keva requested tenders for cloud hosting to existing WallStreet Suite -software. This will include one production environment, and 3 test environments. 

Keva uses WallStreet Suite as the main treasury system. It covers most invest-ment types in Keva’s portfolio such as FX, equity, high yield, EMD, Duration and liquidity, Hedge Fund and Tactical portfolios.

The object of the procurement is described in annex 1, Object of the procurement. 

Keva does not commit to any procurement volumes.

Based on the competitive tendering, one service provider will be selected.

The contract period is valid until further notice.


Winner: Wall Street Systems UK LTD
Award value: 865000
Number of bids: 1