Award

Asset Management & Fixed Asset Accounting system

LONDON BOROUGH OF MERTON

This public procurement record has 2 releases in its history.

Award

16 Apr 2021 at 13:00

Award Notice
Tender

08 Jan 2021 at 10:11

Tender Notice
Summary of the contracting process

The London Borough of Merton is currently involved in a public procurement process for an Asset Management & Fixed Asset Accounting system to enhance financial reporting, asset valuation, estate management, and performance indicator production. The tender period for this open procedure ended on 5th February 2021, with the contract set to commence on 1st October 2021 and continue until 31st October 2028. This project falls under the 'Software package and information systems' industry category, and all deliveries will occur within England, United Kingdom. The total contract value awarded amounts to £117,620, with the contract recently awarded on 13th April 2021.

This tender presents an excellent opportunity for businesses specialising in software development, particularly those with expertise in asset management systems. Small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) may find this contract especially relevant, as the specifications call for compliance with International Financial Reporting Standards (IFRS) and the UK Local Authority Accounting Code. Businesses that can demonstrate a strong understanding of local government accounting needs and provide robust technological solutions would be well-positioned to compete in this procurement process.

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Notice Information

Notice Title

Asset Management & Fixed Asset Accounting system

Notice Description

The London Borough of Merton ("the Council") is inviting tenders for a property asset management system to proactively support: i) Financial reporting and monitoring of all assets, ii) Asset valuation, iii) Estate management and iv) Production of a wide range of performance indicators. An asset register that provided an International Financial Reporting Standard's (IFRS) compliant solution for accounting for fixed assets, due to the specific requirements of local government capital accounting, the system must also be compliant with the Code of Practice on Local Authority Accounting in the United Kingdom (the Code).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-de8f5ff8-23f0-4f2e-90c4-3cef9749fd46
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/eb07aac9-6185-4a1f-bc19-22ba56619cab
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48000000 - Software package and information systems

48800000 - Information systems and servers

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£117,620 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Apr 20214 years ago
Submission Deadline
5 Feb 2021Expired
Future Notice Date
Not specified
Award Date
12 Apr 20214 years ago
Contract Period
30 Sep 2021 - 31 Oct 2028 Over 5 years
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
LONDON BOROUGH OF MERTON
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MORDEN
Postcode
SM4 5DX
Post Town
Sutton
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI63 Merton, Kingston upon Thames and Sutton
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Merton
Electoral Ward
Merton Park
Westminster Constituency
Wimbledon

Supplier Information

Number of Suppliers
1
Supplier Name

CIPFA BUSINESS

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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