Tender

GIB Request For Proposal Managed Service Financial and Accountancy Services

UK GREEN INVESTMENT BANK PLC

This public procurement record has 1 release in its history.

Tender

18 Nov 2016 at 20:17

Tender Notice
Summary of the contracting process

The UK Green Investment Bank plc (GIB) is currently seeking a qualified provider through an open procurement process to fulfil a Request for Proposal (RFP) for managed financial and accountancy services. This procurement is categorised under financial information systems and will be conducted in London and Scotland. The tender was published on 13th October 2015, with a submission deadline of 23rd October 2015, and the contract period is scheduled from 2nd November 2015 to 2nd November 2016. The estimated value of the contract is £50,000.

This tender represents a significant opportunity for firms specialising in financial services and software, particularly those proficient in delivering comprehensive accounting systems and enhanced governance frameworks. Businesses equipped to help GIB transition from manual processes toward automated solutions will be well-positioned to compete for this contract. The strategic need for transformation within GIB's finance function opens avenues for sectors such as investment management, tax preparation, and procurement software solutions.

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Notice Information

Notice Title

GIB Request For Proposal Managed Service Financial and Accountancy Services

Notice Description

UK Green Investment Bank plc ("GIB") is looking to appoint a suitably qualified provider to deliver a managed service solution to provide core financial accounting and reporting capabilities. The required solution is to be implemented in time to support year-end 2016 (31/3/16) processes and controls. Given these timescales, the business requirements have been prioritised into 'Must have', 'Should have' and 'Could have'. Solutions must support the timely implementation of 'Must have' requirements whilst also allowing for future delivery of additional lower priority requirements. 2 Background GIB is a fast growing and dynamic business. The Finance function has identified a need to transform its capabilities in order to meet the current needs of the business and to be positioned well for the strategic direction of the business. As a UK Government owned entity, GIB has several unique features that impact the Finance function and define elements of its processes and controls environment. These requirements are set to change as GIB enters a sale process over the next 12 months. This strategic environment, combined with tools and processes that limit the ability to scale, has led to a number of challenges for the function. To address these challenges, a transformation project has been initiated in order to define and implement the changes required to meet the near-term and strategic requirements for Finance. These requirements are aligned to support the following key business objectives: 1. Provide a suitable ledger solution - GIB need to migrate from a government-provided GL and manual excel-based sub ledgers to an alternative general ledger solution with integrated controls 2. Increased controls/Governance - Reduce dependency on excel spreadsheets and manual controls, increased use of systematic controls 3. Better utilisation of skilled finance staff - Free finance team from administrative and highly manual activity 4. Improved year end with robust processes and controls

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e2300d32-adc8-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1fd9b864-18fd-4459-a198-eb7a81ccf53d
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
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

66 - Financial and insurance services

CPV Codes

48410000 - Investment management and tax preparation software package

48440000 - Financial analysis and accounting software package

48490000 - Procurement software package

48812000 - Financial information systems

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£50,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20169 years ago
Submission Deadline
23 Oct 2015Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
2 Nov 2015 - 2 Nov 2016 1-2 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
UK GREEN INVESTMENT BANK PLC
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
EDINBURGH
Postcode
EH3 8EX
Post Town
Edinburgh
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
TLI London, TLM Scotland
Local Authority
City of Edinburgh
Electoral Ward
City Centre
Westminster Constituency
Edinburgh South West

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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