Summary of the contracting process

The procurement process initiated by Leicester City Council focuses on the planning stage of acquiring a Treasury Management System. Classified under Software Package and Information Systems, the contract pertains to goods aimed at enhancing the Council's banking and income management functions. The Preliminary Market Engagement (PME) is scheduled to conclude with responses due by 5th June 2025. Leicester, as the principal location, anchors this procurement, which is governed by the legal framework established by legislation UKPGA 2023/54. The project's current planning status anticipates commencement on 1st April 2026, with a contract duration until 1st April 2029, including possible renewals extending to 2031.

This tender presents a significant opportunity for businesses specialising in software solutions, particularly those with expertise in financial systems. Suppliers can leverage their innovative solutions to address the Council's requirements for record-keeping, cashflow predictions, and interest calculations related to monetary deals and bank balances. Given the scope for incorporating advanced technologies into the existing functionality, companies well-versed in adaptable and scalable software systems are ideally placed to compete. Small to medium enterprises with a niche in treasury management technologies may find this an invaluable opportunity for business growth through collaboration with a public authority.

Planning

PME - The Provision of Treasury Management System

LEICESTER CITY COUNCIL

Contract Timeline

Publication Date

22nd May 2025 15:45:20 PM

Planning Deadline

5th June 2025 23:59:59 PM Expired
Contract Summary

This PME is for a system referred to internally as a treasury management system, which enables our banking and income management team (currently seven members of staff) to manage our money market funds and bank balances, with all details for monetary lending and borrowing contracts being stored in the system. The system should allow the team to record the details of all monetary deals the Council makes, both lending and borrowing, and keeps a record of all Council account balances for cashflow predictions. The system also calculates the expected interest payments based on the relevant variables, and records information such as start and due dates, the principal amount, and the counter parties involved. From the information recorded, users can see the forecasts and estimates for cashflow for each bank account, as well as any unpaid loans or potential cashflow issues arising. In summary, the Council is aiming to procure a solution which will deliver and future proof the current functionality and additionally provide flexibility to exploit the use of new technology where this provides benefit to the business, in relation to treasury management, before April 2026 when the current contract ends.
Contract Details

Open Contracting ID

ocds-h6vhtk-051f2a

Publication Source

Find a Tender Service

Procurement Stage

Planning

Procurement Method

N/A

Procurement Method Details

N/A

Procurement Category

Goods

Tender Suitability

Framework / DPS
Contract Classification

CPV Code(s)

CPV Division(s)
Awarding Authority

LEICESTER CITY COUNCIL

Buyer Name

Miss Zhiaw Hama

Buyer Email

zhiaw.hama@leicester.gov.uk

Buyer Phone

+44 1164543503

Buyer Address

City Hall (4th Floor), 115 Charles Street

Leicester

LE1 1FZ

United Kingdom

View contract on Find a Tender Service

PME - The Provision of Treasury Management System

LEICESTER CITY COUNCIL

Contract Timeline

Contract Summary

Contract Details

Contract Classification

Awarding Authority