Public procurement notice: Contract Award Notice
Published: 2018-09-01
Buyer: FMS Wertmanagement AöR
Country: DE
Contract type: Services
Procedure: Competitive procedure with negotiation
CPV classification: 72263000: Software implementation services | 72268000: Software supply services
Estimated value: 238540 EUR
Award criteria: The most economic tender

Technical requirements: The Contracting Authority intends to implement a market data management software solution for the management and administration of market data licences, vendors/services, users and costs including reporting of use, users, costs, invoicing, actuals, forecasts, budgets. The The system shall support all tasks related to the daily business of a market data manager at the Contracting Authority. The main goal is to have and maintain complete transparency of the market data landscape. The main functions needed are reporting, admin/controlling, management of market data licenses/contracts and costs.The system, while being a web-based, hosted solution, has to meet modern security standards. It is expected that the implementation/initial filling of the database be performed by the vendor of the product.
FMS Wertmanagement AöR (hereinafter: "FMS-WM") is an organizationally and economically independent institution under public law with partial legal capacity within the Financial Market Stabilization Authority (FMSA) in Germany. As of 1.10.2010, FMS-WM assumed risk positions and non-strategic divisions from Hypo Real Estate Holding AG and its direct and indirect subsidiaries and SPEs in Germany and abroad (collectively the HRE group) for the purpose of ultimately stabilizing the HRE group and the financial market and will settle these in accordance with economic principles.
FMS Wertmanagement Service GmbH (FMS-SG), a wholly-owned subsidiary of FMS-WM, operates as a service provider for FMS-WM for its portfolio and the associated refinancing resources. These include the 3 segments Asset management, finance and risk and operations. It is a specialist financial servicing company with about 350 employees in 3 locations – Munich, Dublin and New York. FMS-SG provides services in connection with loans, bonds and derivatives in the sectors real estate, infrastructure and project finance, public finance, asset finance and structured products. The services provided for FMS-WM comprise credit analysis and review, asset restructuring, workout management, detailed portfolio reporting, payment collection and arrears monitoring.
FMS-SG assumed management of the portfolio of FMS-WM on 1.10.2013. One of its branches is at the Dublin location from where it performs a part of the servicing.
FMS-WM intends to implement a market data management software solution for the management and administration of market data licenses, vendors/services, users and costs including reporting of use, users, costs, invoicing, actuals, forecasts, budgets etc. The system shall support all tasks related to the daily Business of a market data Manager at the Contracting Authority. The main goal is to have and maintain complete transparency of all market data services, users etc. (market data landscape). The main functions needed are reporting and admin/controlling functions such as invoice reconciliation for various departments and purposes. With respect to reporting it is expected that a wide range of standardized reports are available as well as the ability for power users to customize reports to their needs. Finally, the market data management software solution has to ensure an easy and transparent management of market data licenses/contracts and costs. The system, while being a web-based, hosted solution, has to meet modern security standards. It is expected that the implementation/initial filling of the database be performed by the vendor of the product. The required market data management software solution has to meet as a minimum the technical specification according to Procurement document B (“Technical specification”), freely available on http://www.fms-wm.de/en/tenders
The mandatory services listed in Procurement document B (“Technical specification”) will become part of the contract as a minimum specification.
For detailed information on the contract award procedure please refer to the procurement documents which are freely available at the following link: http://www.fms-wm.de/en/tenders and to figure III.1.1) to III.1.3) of this European-wide notice.
Additional optional requirements will be specified during the contract award procedure (step 2: Request for quotation, please refer to section 3.4). The optional requirements concern the following topics: “Reporting”, “Invoicing/Accounting/Cost allocation”, “Contracts, Analytics and Interfaces”, “Support”, “Product properties” and “Initial Filling/Implementation”:
— Reporting capabilities: The range of standard reports and the ability to set up customized reports.
— Ability to manage budgets and invoices: Ability to create budgets based on underlying contract criteria (e.g. incorporating price increases) and to create reports comparing budgeted and historical figures. The capability to automatically reconcile invoices and to create a list of on-going contract obligations.
— Interfaces: Availability of interfaces on different levels, access to different entitlement systems and vendor invoice/customer portals.
— General product properties: Availability of calendar functions (e.g. contract/invoice calendar) and the ability to manage diverse kinds of licenses and contracts. The opportunity to include further data in customized fields and the ability to set filters in the software solution.
— Initial filling/implementation: Project management to effect a high quality implementation including initial data filling and concrete conceptualization of the implementation.
For detailed information please refer to the procurement documents which are freely available in the internet link http://www.fms-wm.de/en/tenders
For a complete List of formal requirements please refer to the procurement documents (Procurement Document A - Procedural conditions) which are available for free download on the Homepage of the FMS-WM at the following link:


Winner: Market Data Services Limited
Award value: 238540
Number of bids: 2