Planning

Finance System

PEABODY TRUST

This public procurement record has 1 release in its history.

Planning

21 May 2025 at 14:52

Summary of the contracting process

The procurement process initiated by the Peabody Trust, a public authority acting in a sub-central government capacity, involves the acquisition of a new cloud-based finance system. The procurement is currently in the planning stage, with a competitive flexible procedure anticipated. The planned contract period is from 1st June 2026 to 31st May 2031, and the entire process is valued at £20,000,000. The industry category falls within industry-specific software packages, financial analysis and accounting software package, and software-related services. While the precise scope is still in development, future communications are expected by 1st February 2026. The address for this procurement is Peabody Trust, 45 Westminster Bridge Road, London, SE1 7JB, UK. The regions covered by the procurement include various parts of the UK, ensuring broad geographical reach.

This tender represents an excellent opportunity for firms specialising in software development and services related to financial systems. Businesses with expertise in cloud-based software solutions and financial services software are particularly suited to compete for this contract. Given the substantial investment and long-term nature of the project, successful bidders can benefit from a steady revenue stream and potential for further collaboration beyond the initial contract period, especially since renewals are planned. The involvement in a project of this scale also offers the opportunity to enhance a company's portfolio, demonstrating capability in delivering high-value projects to public authorities.

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Notice Title

Finance System

Notice Description

This is the procurement of a new cloud-based finance system. This is only a pipeline notice as the project is not fully scoped at this stage.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-051ba1
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/024174-2025
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK1 - Pipeline Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Competitive flexible procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

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


CPV Codes

48100000 - Industry specific software package

48440000 - Financial analysis and accounting software package

72260000 - Software-related services

Notice Value(s)

Tender Value
£20,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
21 May 20259 months ago
Submission Deadline
Not specified
Future Notice Date
1 Feb 2026Expired
Award Date
Not specified
Contract Period
31 May 2026 - 31 May 2031 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
PEABODY TRUST
Contact Name
Not specified
Contact Email
procurement.enquiries@peabody.org.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SE1 7JB
Post Town
South East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLI London, TLJ South East (England), TLK South West (England)

Local Authority
Southwark
Electoral Ward
St George's
Westminster Constituency
Bermondsey and Old Southwark

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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