Award

Annual subscription to the Financial Intelligence Toolkit

BEDFORD BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

09 Apr 2025 at 15:21

Summary of the contracting process

Bedford Borough Council has completed a direct procurement process for an annual subscription to the Financial Intelligence Toolkit. This service, under the classification of financial and insurance services, aims to support various areas of local government finance including funding briefings, resource forecasting, and financial benchmarking. The contract was awarded to LG Futures Ltd, a small or medium-sized enterprise based in Leighton Buzzard. The procurement, noted as "below threshold - without competition," was finalised with a signed contract on 30 March 2025, and runs from 1 April 2025 to 31 March 2026, with a gross value of £120,000.

This tender presents significant opportunities for businesses specialising in financial advisory and benchmarking services within the public sector. The comprehensive scope of the Financial Intelligence Toolkit demonstrates a stable demand for expertise in local government financial management. Companies that can provide similar, cost-effective financial support services stand to benefit from examining this procurement. Small and medium-sized enterprises focused on public sector consultancy are particularly well-suited to compete in future opportunities that mirror these requirements.

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Notice Title

Annual subscription to the Financial Intelligence Toolkit

Notice Description

Waiver - Annual subscription to the Financial Intelligence Toolkit which provides support, advice and benchmarking in various areas of Local Government finance (Funding briefings, Medium Term Revenue Resource Forecasting, Resource Planning Hub, Financial Benchmarking and Collection Fund support). There are no competitors offering the same support subscription options.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-050002
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/014082-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£100,000 £100K-£500K

Notice Dates

Publication Date
9 Apr 202510 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
30 Mar 202511 months ago
Contract Period
31 Mar 2025 - 31 Mar 2026 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
BEDFORD BOROUGH COUNCIL
Contact Name
Not specified
Contact Email
commercial.hub@bedford.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
BEDFORD
Postcode
MK42 9AP
Post Town
Milton Keynes
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH24 Bedford
Delivery Location
Not specified

Local Authority
Bedford
Electoral Ward
Cauldwell
Westminster Constituency
Bedford

Supplier Information

Number of Suppliers
1
Supplier Name

LG FUTURES

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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