Tender

BT252 - Treasury Management System

WESTMINSTER CITY COUNCIL

This public procurement record has 1 release in its history.

Tender

16 Jun 2025 at 12:42

Summary of the contracting process

Westminster City Council is conducting a procurement process titled "BT252 - Treasury Management System". This tender falls under the services industry category, specifically targeting treasury services and associated compliance software. Situated in London, this process is currently in the Tender stage. The council seeks a solution to support their treasury management activities across four councils, including the London Borough of Hammersmith and Fulham and the Royal Borough of Kensington and Chelsea. Interested parties should note that the tender submission deadline is 14th July 2025, with an enquiry period closing on 10th July 2025. The procurement adopts an open method below the threshold for competition.

This tender offers substantial opportunities for business growth for companies providing treasury management systems and related compliance software solutions. SMEs and VCSEs are particularly encouraged to apply, with the possibility of contract renewal as per service requirements. The award will be based on a criterion favouring the most advantageous tender, weighted at 70% for quality and 30% for price, making this a significant opportunity for businesses that can deliver high-quality and cost-effective treasury management software. With a contract period starting on 4th August 2025, this tender is apt for businesses aiming to expand their public sector client base in the financial systems domain.

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Notice Title

BT252 - Treasury Management System

Notice Description

Westminster City Council (WCC) is seeking to procure a robust and cost-effective Treasury Management System (TMS) on behalf of the Tri-Borough (London Borough of Hammersmith and Fulham and Royal Borough of Kensington and Chelsea) and the London Borough of Bexley that will enhance and support the Council's daily operational and strategic treasury management activities. This is critical software that helps to manage the treasury function for the council. WCC provides treasury services for four councils and each currently uses the same system.

Lot Information

Lot 1

Renewal: Service team opts to extend at their discretion.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-054947
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/032599-2025
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Below threshold - open competition
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

66 - Financial and insurance services

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


CPV Codes

48100000 - Industry specific software package

48170000 - Compliance software package

48411000 - Investment management software package

48441000 - Financial analysis software package

48442000 - Financial systems software package

48812000 - Financial information systems

66600000 - Treasury services

72212100 - Industry specific software development services

72212170 - Compliance software development services

Notice Value(s)

Tender Value
£75,000 Under £100K
Lots Value
£75,000 Under £100K
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
16 Jun 20258 months ago
Submission Deadline
14 Jul 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
3 Aug 2025 - 3 Jul 2027 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
WESTMINSTER CITY COUNCIL
Contact Name
Not specified
Contact Email
buyingteam@westminster.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1E 6QP
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

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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