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Accounts Payable Analytical Review

London Borough of Bromley

This public procurement record has 2 releases in its history.

Award

23 Jan 2025 at 14:42

Award Notice
Tender

12 Sep 2024 at 16:44

Tender Notice
Summary of the contracting process

The procurement process initiated by the London Borough of Bromley focuses on selecting a Service Provider for an Accounts Payable Analytical Review. This tender, titled "Accounts Payable Analytical Review," falls under the Financial and Insurance Services industry category and is classified as a services contract. The procurement follows an open procedure method and is currently in the award stage. Key deadlines include the start of the contract in November 2024, with the analytical review covering a six-year period. The contract, valued at GBP 200,000, was signed on 15 January 2025 and will run until 31 August 2025 with no planned renewals. The procurement aims to analyse historical payments and transactions, excluding any that are less than five months old, for Bromley's Civic Centre located at Churchill Court, 2 Westmoreland Road, Bromley, UKI61, United Kingdom.

This tender presents significant opportunities for businesses specialising in financial analysis and auditing services, especially those with experience and capacity to handle large datasets and historical transaction reviews. The contract's open procedure allows fair competition and encourages participation from small and medium-sized enterprises (SMEs), as evidenced by the successful bid from Caatalyst UK Ltd. Businesses capable of providing high-quality, cost-effective solutions stand to benefit from this contract, particularly those with a solid track record in public sector financial reviews. Given the strategic importance of the task, businesses offering robust analytical and reporting capabilities would be well-suited to compete.

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Notice Information

Notice Title

Accounts Payable Analytical Review

Notice Description

The London Borough of Bromley (the Council) is seeking a new Service Provider to undertake a historical Accounts Payable analytical review at the Council. The payments and transactions to be analysed will cover a six (6) year period and will not cover any transactions less than five months old

Lot Information

Lot 1

The London Borough of Bromley (the Council) is seeking a new Service Provider to undertake a historical Accounts Payable analytical review at the Council. The payments and transactions to be analysed will cover a six (6) year period and will not cover any transactions less than five months old

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-049a74
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/002390-2025
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

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£200,000 £100K-£500K
Lots Value
£200,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£190,000 £100K-£500K

Notice Dates

Publication Date
23 Jan 20251 years ago
Submission Deadline
21 Oct 2024Expired
Future Notice Date
Not specified
Award Date
15 Jan 20251 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
London Borough of Bromley
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BROMLEY
Postcode
BR1 1AS
Postcode Area
Bromley
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI61 Bromley
Delivery Location
TLI6 Outer London - South
Local Authority
Bromley
Electoral Ward
Bromley Town
Westminster Constituency
Bromley and Biggin Hill

Supplier Information

Number of Suppliers
1
Supplier Name

Caatalyst UK Ltd

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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