Award

IFRS 16 Complete Control Solution

CYNGOR BWRDEISTREF SIROL MERTHYR TUDFUL MERTHYR TYDFIL COUNTY BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

22 Apr 2025 at 08:38

UK7 - Contract Details Notice
Summary of the contracting process

Cyngor Bwrdeistref Sirol Merthyr Tudfil Merthyr Tydfil County Borough Council has recently completed a procurement process for the acquisition of a lease accounting software titled "IFRS 16 Complete Control Solution". This process fell under the industry category of financial analysis software (CPV code 48441000) and was conducted through a direct procurement method below the threshold, without competition. The contract was finalised with the supplier MUFG CORPORATE MARKETS TREASURY LIMITED and signed on 24th March 2025. The duration of the contract, active from 1st April 2025 to 31st March 2028, includes an option for a one-year extension. The procurement was managed in accordance with Welsh devolved regulations, and it involves delivery within the UK region UKL15.

This tender offers significant growth opportunities for businesses providing financial analysis and accounting software solutions, particularly those capable of servicing public authorities with specialised lease accounting needs. Despite the process being completed without a competitive tender, similar opportunities may arise in the future, proving advantageous for medium to large enterprises within the IT and financial software sectors. Businesses with the capability to deliver advanced, regulatory-compliant software solutions, preferably with an understanding of public sector requirements, would find themselves well-suited to engage with similar procurement opportunities.

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Notice Information

Notice Title

IFRS 16 Complete Control Solution

Notice Description

Mae Cyngor Bwrdeistref Sirol Merthyr Tudful wedi dyfarnu contract ar gyfer meddalwedd cyfrifyddu prydles Merthyr Tydfil County Borough Council has awarded a contract for lease accounting software

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05055a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/016123-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48441000 - Financial analysis software package

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£63,600 Under £100K

Notice Dates

Publication Date
22 Apr 202510 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
24 Mar 202511 months ago
Contract Period
31 Mar 2025 - 31 Mar 2028 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
CYNGOR BWRDEISTREF SIROL MERTHYR TUDFUL MERTHYR TYDFIL COUNTY BOROUGH COUNCIL
Contact Name
Paul Davies
Contact Email
procurement@merthyr.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
MERTHYR TUDFUL MERTHYR TYDFIL
Postcode
CF47 8AN
Post Town
Cardiff
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL51 Central Valleys and Bridgend
Delivery Location
Not specified
Local Authority
Merthyr Tydfil
Electoral Ward
Town
Westminster Constituency
Merthyr Tydfil and Aberdare

Supplier Information

Number of Suppliers
1
Supplier Name

MUFG CORPORATE MARKETS TREASURY

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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