Award

Financial Asset Management

TORBAY COUNCIL

This public procurement record has 1 release in its history.

Award

04 Nov 2024 at 16:24

Summary of the contracting process

Torbay Council recently concluded the procurement process for "Financial Asset Management" software, classified under software packages and information systems (CPV: 48000000) and IT services (CPV: 72000000). The contract has been awarded to MRI Software Ltd, a large-scale supplier, and encompasses services within the South West region of the United Kingdom. The procurement method employed was a limited, competitive quotation (below threshold), and the contract runs from December 1, 2013 to November 30, 2024, with a total value of £29,623. The procurement stage is currently at the Award stage, with the award being published on November 4, 2024.

This tender represents a substantial opportunity for businesses specialising in financial asset management software or IT services to secure long-term contracts with local authorities. Particularly, SMEs focused on software development, consulting, or support services would find such tenders highly advantageous for business growth. Engaging in such contracts could lead to sustained revenue streams and reinforce business credibility within the public sector.

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Notice Title

Financial Asset Management

Notice Description

Financial Asset Management software

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-55dc618c-c5d6-4c53-b54b-e7666c8a7a9e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bf10f91c-4c94-4937-8f72-47df708a687f
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

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


CPV Codes

48000000 - Software package and information systems

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£29,623 Under £100K
Lots Value
Not specified
Awards Value
£29,623 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Nov 20241 years ago
Submission Deadline
30 Nov 2013Expired
Future Notice Date
Not specified
Award Date
30 Nov 201312 years ago
Contract Period
1 Dec 2013 - 30 Nov 2024 Over 5 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
TORBAY COUNCIL
Contact Name
Commercial Services
Contact Email
commercial.services@torbay.gov.uk
Contact Phone
01803 208391

Buyer Location

Locality
TORQUAY
Postcode
TQ1 3DR
Post Town
Torquay
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK4 Devon
Small Region (ITL 3)
TLK42 Torbay
Delivery Location
TLK South West (England)

Local Authority
Torbay
Electoral Ward
Tormohun
Westminster Constituency
Torbay

Supplier Information

Number of Suppliers
1
Supplier Name

MRI SOFTWARE

Further Information

Notice Documents

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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