Award

Award of Real Estate Software

THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON

This public procurement record has 1 release in its history.

Award

12 Jan 2026 at 11:05

Award Notice
Summary of the contracting process

The procurement process, managed by The Mayor and Commonalty and Citizens of the City of London, pertains to the awarding of a contract for real estate software known as Argus Cloud. Categorised under industry-specific software packages, this procurement falls within the services industry and is located in London, United Kingdom. The process has progressed to the award stage as of 12 January 2026, with the contract set to commence from 15 January 2026 and conclude on 14 January 2027. Utilising a direct procurement method, specifically a single tender action below threshold, this tender emphasises service continuity for the City's investment property portfolio management. The awarded contract is valued at £80,172.10.

This tender represents a significant business opportunity, especially for firms involved in the development and maintenance of real estate software. Though the current procurement method is direct, businesses specialising in software that supports estate planning and investment decision-making could benefit from positioning themselves for future tenders. Small and medium-sized enterprises (SMEs) are particularly suited to this opportunity, given their inclusion in suitability criteria. As the City of London seeks to reevaluate market options in the future, it may present further prospects for relevant technology providers looking to broaden their clientele in the public sector.

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Notice Information

Notice Title

Award of Real Estate Software

Notice Description

Argus Cloud is the Corporation's real estate software used by the Investment Property Group within the City Surveyor's Department to manage the investment property portfolio. The system comprises two core applications: Argus Enterprise, used for valuations and cash flow forecasting, and Argus Developer, used for development appraisals. Argus is a critical system supporting estate planning and investment decision-making. This award is for a further one-year period to maintain service continuity while we prepare to return to the market, either through market engagement or, if no suitable alternatives are identified, a decision to re-award.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b0f0b88a-91cd-4d31-8323-af2ef56cc5bb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8095cf10-da2b-44bf-b576-fa31f62ae0a2
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48100000 - Industry specific software package

Notice Value(s)

Tender Value
£80,172 Under £100K
Lots Value
Not specified
Awards Value
£80,172 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Jan 20261 months ago
Submission Deadline
4 Dec 2025Expired
Future Notice Date
Not specified
Award Date
5 Jan 20261 months ago
Contract Period
15 Jan 2026 - 14 Jan 2027 6-12 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON
Contact Name
Taiwo Muraina-Akinboade
Contact Email
taiwo.muraina@cityoflondon.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC2P 2EJ
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
TLI London
Local Authority
Islington
Electoral Ward
Clerkenwell
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
1
Supplier Name

ARGUS SOFTWARE (UK

Further Information

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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