Award

Asset Management System

TYNE AND WEAR PASSENGER TRANSPORT EXECUTIVE T/A NEXUS

This public procurement record has 2 releases in its history.

Award

02 Jun 2026 at 15:56

UK5 - Transparency Notice
Planning

24 Jul 2025 at 11:10

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

The procurement process for the Asset Management System conducted by the Tyne and Wear Passenger Transport Executive, trading as Nexus, has reached the award stage. Located in Newcastle upon Tyne, this public undertaking sought a robust, modern solution to replace their current asset management system through a direct award method. The process follows the unsuccessful attempts to source a provider via competitive tendering, as outlined by the Procurement Act 2023. The awarded contract, valued at £1,824,127.20, is scheduled to commence on 13th July 2026, with an end date of 30th April 2032, and may extend until 2035. This contract falls under the industry category for software package and information systems, targeting the region UKC in the United Kingdom.

This procurement offers significant opportunities for businesses specialising in asset management systems, particularly those able to deliver a solution meeting Nexus' requirements for efficiency and data accuracy. While the current award was made to IFS Ultimo LTD, larger corporations or SMEs with innovative software solutions and strong technical capabilities might find future opportunities in similar tenders with Nexus or other public sector undertakings. The tender process highlighted the essential need for services that can adapt to sophisticated asset management demands, particularly in the public transportation sector.

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Notice Information

Notice Title

Asset Management System

Notice Description

Nexus is seeking the provision of a new Asset Management System to replace its existing Asset Management System with a modern, robust solution. The current system has reached its operational limits, hindering efficiency, data accuracy and overall asset management effectiveness.

Planning Information

Nexus is undertaking an initiative to replace its existing Asset Management System with a modern, robust solution. The current system has reached its operational limits, hindering efficiency, data accuracy and overall asset management effectiveness. By investing in a state-of-the-art Asset Management System, Nexus expects to achieve significant improvements in asset visibility, maintenance planning, financial management and reporting. Nexus intends to circulate a questionnaire through the North East Procurement Organisation OPEN eProcurement portal, allowing you to provide more information about your interest and comment on the proposed approach. Suppliers will need to register to gain free access to procurement documents and, to submit questionnaire responses. If you are not registered, you can do so here: https://www.open-uk.org/ This Preliminary Market Engagement aims to: • Understand the market's appetite and capability to deliver a compliant asset management system. • Assess the markets views on Nexus Terms and Conditions • Explore key delivery considerations • Understand risks and issues not previously considered • Provide potential suppliers with an opportunity to raise queries or suggest amendments in advance of any formal procurement.

Procurement Information

The contract is to be awarded directly in accordance with the Section 43 of the Procurement Act 2023 A contracting authority may award a public contract directly to a supplier that is not an excluded supplier if- (a)the authority has invited suppliers to submit tenders as part of, or requests to participate in, a competitive tendering procedure in respect of the contract, (b)it has not received any suitable tenders or requests in response, and (c)it considers that award under section 19 is not possible in the circumstances. Nexus has made two attempts to procure an asset management system through a competitive tendering process and did not receive any suitable tenders. Nexus have also reviewed all applicable publicly available frameworks. This exercise was unsuccessful and did not identify any viable options that met Nexus' functional, technical, and affordability requirements.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-056552
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/052073-2026
Current Stage
Award
All Stages
Planning, Award

Procurement Classification

Notice Type
UK5 - Transparency Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48000000 - Software package and information systems

Notice Value(s)

Tender Value
£1,300,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,824,127 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
2 Jun 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
15 Aug 2025Expired
Award Date
2 Jun 20261 weeks ago
Contract Period
12 Jul 2026 - 30 Apr 2032 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Pending
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
TYNE AND WEAR PASSENGER TRANSPORT EXECUTIVE T/A NEXUS
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE4 5DE
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)
Local Authority
Newcastle upon Tyne
Electoral Ward
Arthur's Hill
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
1
Supplier Name

IFS ULTIMO

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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