Award

ICT14212- IFRS statutory requirement tool

TRANSPORT FOR LONDON

This public procurement record has 1 release in its history.

Award

12 Apr 2023 at 09:09

Summary of the contracting process

Transport for London has awarded a contract for the provision of an ICT tool fully compliant with International Financial Reporting Standards (IFRS) to MRI Software EMEA Limited. The contract is valued at £244,561 GBP and was procured through a selective process, calling off from a framework agreement. The contract period runs from 23rd February 2023 to 31st January 2026, with the tender period ending on 1st February 2023. The procurement falls under the category of Information Technology Services and is based in London, United Kingdom.

This procurement opportunity for the ICT tool aligned with IFRS statutory requirements presents growth prospects for businesses operating in the information technology services sector, especially those specialising in compliance solutions. Small and medium-sized enterprises (SMEs) and voluntary, community and social enterprise organisations (VCSEs) are suitably positioned to compete for this contract, capitalising on the statutory compliance aspect of the tool while aligning with Transport for London's procurement preferences and strategic objectives.

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Notice Title

ICT14212- IFRS statutory requirement tool

Notice Description

This tool is fully statutory compliant with International Financial Reporting Standards (IFRS)

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-21f60711-b68e-4ce4-b0cc-383471b033af
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d6f370e7-db76-4c75-84dd-44e7124fd827
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support


CPV Codes

72222300 - Information technology services

Notice Value(s)

Tender Value
£244,561 £100K-£500K
Lots Value
Not specified
Awards Value
£244,561 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Apr 20232 years ago
Submission Deadline
1 Feb 2023Expired
Future Notice Date
Not specified
Award Date
1 Feb 20233 years ago
Contract Period
23 Feb 2023 - 31 Jan 2026 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
TRANSPORT FOR LONDON
Contact Name
Not specified
Contact Email
commercialcoe@tfl.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London

Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

MRI SOFTWARE EMEA

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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