Award

Lease Accounting System

ESSEX COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

31 Oct 2024 at 15:12

Summary of the contracting process

Essex County Council has concluded a procurement process for a Lease Accounting System through a selective call-off from a framework agreement, specifically G-Cloud 13. The awarded supplier is IRIS Software Limited. The contract commences on 1st November 2024 and will run until 31st October 2026. This procurement falls under the "services" category, specifically targeting the accounting system sector (CPV 48444000). The delivery location is in the East of England, United Kingdom. The total contract value is £95,377.84. Key procurement stages included the tender period ending on 22nd October 2024, with the award officially made on 23rd October 2024.

This tender offers growth opportunities for businesses specialising in lease accounting software, particularly those compliant with International Financial Reporting Standard 16 (IFRS16) for local authorities. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are particularly well-suited to compete in this space, given the procurement's suitability criteria. The framework agreement approach reduces barriers to entry, presenting an accessible route for qualified firms to engage with a significant public sector client, thereby enhancing their market presence and reputation.

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Notice Title

Lease Accounting System

Notice Description

A software system that has the functionality to hold details of the Council's leasing arrangements where the Council is either lessee or lessor. The system will need to calculate the year end lease accounting entries (journals) such as recognition of lease liabilities and Right Of Use remeasurement of lease liabilities, write down of lease liabilities. The system will need to be compliant with the requirements of the International Financial Reporting Standard 16 (IFRS16) for local authorities. Awarded via G-Cloud 13.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2dfbe787-9d27-4a7a-b614-ae6267b64e17
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/cc7bafac-a94a-4d62-8152-c0057ab7a523
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48444000 - Accounting system

Notice Value(s)

Tender Value
£95,377 Under £100K
Lots Value
Not specified
Awards Value
£95,377 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
31 Oct 20241 years ago
Submission Deadline
22 Oct 2024Expired
Future Notice Date
Not specified
Award Date
22 Oct 20241 years ago
Contract Period
1 Nov 2024 - 31 Oct 2026 1-2 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
ESSEX COUNTY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CHELMSFORD
Postcode
CM1 1QH
Post Town
Chelmsford
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH3 Essex
Small Region (ITL 3)
TLH36 Heart of Essex
Delivery Location
Not specified

Local Authority
Chelmsford
Electoral Ward
Moulsham and Central
Westminster Constituency
Chelmsford

Supplier Information

Number of Suppliers
1
Supplier Name

IRIS SOFTWARE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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