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Financial Forecasting Solutions

Nottingham University Hospitals NHS Trust

This public procurement record has 1 release in its history.

Tender

08 Jan 2020 at 09:52

Tender Notice
Summary of the contracting process

Nottingham University Hospitals NHS Trust is seeking bids for the "Financial Forecasting Solutions" tender, aimed at enhancing forecasting processes within the healthcare sector. This open procurement, classified under software package and information systems, has a total estimated value of £150,000. The tender is currently active and submissions must be completed by 7 February 2020. The service delivery location encompasses the East Midlands region of the United Kingdom, with the contract expected to commence on 1 March 2020 and run until 28 February 2023.

This tender presents an excellent opportunity for businesses specialising in software development and automation solutions, particularly those that can streamline financial processes in the healthcare sector. Small and medium-sized enterprises (SMEs) with experience in financial forecasting tools and a capacity for innovative software design will find this contract well-suited to their capabilities. By responding to this tender, businesses can not only grow their portfolio but also establish long-term relationships with a major NHS Trust, potentially leading to future contracts in the public sector.

How relevant is this notice?

Notice Information

Notice Title

Financial Forecasting Solutions

Notice Description

You are invited to submit offers for the supply of Financial Forecasting based for Nottingham University Hospitals NHS Trust (NUH). Current solution relies on NUH producing forecasts in Excel using formulae on loaded actuals information. Thereafter, summarised forecasts with a higher level of aggregation of both cost centre and subjective are produced. This information is then loaded onto an Access Database for reporting. These processes are seen as both time consuming and lacking automation and are vulnerable to unexpected changes and human error causing incorrect forecasts, or no forecast at all.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-bd9f0816-8f99-40d4-a268-409ab2b8adb0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a7e18724-5267-4452-9f31-c3b0601f91d2
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48000000 - Software package and information systems

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
8 Jan 20206 years ago
Submission Deadline
7 Feb 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Mar 2020 - 28 Feb 2023 2-3 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Nottingham University Hospitals NHS Trust
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NOTTINGHAM
Postcode
Not specified
Postcode Area
Not specified
Country
Not specified
Major Region (ITL 1)
Not specified
Basic Region (ITL 2)
Not specified
Small Region (ITL 3)
Not specified
Delivery Location
TLF East Midlands (England)
Local Authority
Not specified
Electoral Ward
Not specified
Westminster Constituency
Not specified

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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