Award

Finance Management System for David Ross Education Trust

THE DAVID ROSS EDUCATION TRUST

This public procurement record has 2 releases in its history.

Award

21 Mar 2022 at 11:22

Tender

19 Nov 2021 at 17:18

Summary of the contracting process

The David Ross Education Trust, based in Loughborough, UK, is initiating a procurement process to appoint a supplier for a Financial Management System (FMS). The procurement is classified under the industry category of financial analysis and accounting software development services and is currently at the Award stage. The total value of the contract is £1,119,548, with the contract duration extending up to ten and a half years, following a 3.5-year initial term. Key dates include the contract signing on March 21, 2022, and the maximum duration termination following successful performance management.

This contract presents significant opportunities for businesses in the software development and financial consulting sectors, particularly those specialising in software as a service (SaaS) solutions. Companies that can demonstrate quality in delivery alongside competitive pricing would be particularly well-suited to compete for such a contract. With the Trust's focus on educational institutions, suppliers with experience in providing financial management solutions tailored for educational settings may find this tender especially relevant.

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Notice Title

Finance Management System for David Ross Education Trust

Notice Description

The David Ross Education Trust (the Trust) is appointing a Supplier to supply, implement and support a Financial Management System (FMS), delivered using a software as a service (SaaS) model for use by the Trust and its Academies. The maximum contract duration will be ten and a half (10.5) years. The initial term of the Contract shall be for a period of 3.5 years with an options to extend for a further 2+3+2 years. depending on performance management/success in the delivery of the required outputs.

Lot Information

Lot 1

The David Ross Education Trust (the Trust) is appointing a Supplier to supply, implement and support a Financial Management System (FMS), delivered using a software as a service (SaaS) model for use by the Trust and its Academies. The maximum contract duration will be ten and a half (10.5) years. The initial term of the Contract shall be for a period of 3.5 years with an options to extend for a further 2+3+2 years. depending on performance management/success in the delivery of the required outputs.

Renewal: The maximum contract duration will be ten and a half (10.5) years. The initial term of the Contract shall be for a period of 3.5 years with an option of up to one 3-year extension and two further 2-year extensions, making a maximum contract duration of ten and a half (10.5) years including extensions, and in line with performance management/success in the delivery of the required outputs.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02f894
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/007539-2022
Current Stage
Award
All Stages
Tender, Award

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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

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

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

48440000 - Financial analysis and accounting software package

48441000 - Financial analysis software package

48442000 - Financial systems software package

72212440 - Financial analysis and accounting software development services

72212441 - Financial analysis software development services

72212442 - Financial systems software development services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£2,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1,119,548 £1M-£10M

Notice Dates

Publication Date
21 Mar 20223 years ago
Submission Deadline
20 Dec 2021Expired
Future Notice Date
Not specified
Award Date
21 Mar 20223 years ago
Contract Period
18 Feb 2022 - 17 Aug 2025 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
THE DAVID ROSS EDUCATION TRUST
Contact Name
Joanna Bailey
Contact Email
jbailey2@dret.co.uk
Contact Phone
Not specified

Buyer Location

Locality
LOUGHBOROUGH
Postcode
LE11 4SQ
Post Town
Leicester
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF22 Leicestershire CC and Rutland
Delivery Location
Not specified

Local Authority
Charnwood
Electoral Ward
Loughborough Ashby
Westminster Constituency
Loughborough

Supplier Information

Number of Suppliers
1
Supplier Name

SOLUTIONS FOR ACCOUNTING

Open Contracting Data Standard (OCDS)

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