Award

WYPF Investment Order Management System

CITY OF BRADFORD METROPOLITAN DISTRICT COUNCIL

This public procurement record has 4 releases in its history.

Award

30 Oct 2025 at 12:51

TenderUpdate

22 Aug 2025 at 08:15

TenderUpdate

04 Aug 2025 at 09:07

Tender

29 Jul 2025 at 18:00

Summary of the contracting process

The City of Bradford Metropolitan District Council has completed a procurement process for the acquisition of a WYPF Investment Order Management System aimed at fulfilling the HMG requirement to collaborate with other LGPS entities for a larger pension pool seeking FCA authorisation. This procurement, relevant to the IT services industry category, was conducted via an open, competitive flexible procedure. The system procured must offer comprehensive trade management support and function with both UK and global capabilities. The contract was awarded to Bloomberg Finance L.P., with a maximum value of £348,000 including VAT, and spans a three-year period beginning 1st December 2025, with potential extensions up to November 2030. The procurement stage has moved to the award phase as of October 29, 2025, with the standstill period ending on November 10, 2025. The City of Bradford Metropolitan District Council, located at City Hall, Centenary Square, Bradford, acts as the contracting authority, overseeing the procurement in the region of UKE41.

This procurement represents a significant opportunity for businesses engaged in the development and provision of investment management and financial systems software packages. Companies with a proven capability of supporting FCA-regulated asset management firms with substantial assets could find substantial growth opportunities. Though a large supplier like Bloomberg Finance L.P. succeeded, the competitive flexible procedure allowed multiple vendors to participate, offering potential visibility and networking opportunities for SMEs even if they did not secure the contract. Businesses specialising in software solutions that meet complex regulatory standards or possess a strong track record of managing pension-oriented systems may particularly benefit from engaging in similar future tenders within this market segment.

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Notice Title

WYPF Investment Order Management System

Notice Description

WYPF is moving forward to achieve the HMG requirement to work with other LGPS entities to form a larger pension pool entity that will seek FCA authorisation for its ongoing regulatory oversight. To achieve this, we have identified a number of key changes that are required and one of the these will be addressed by the procurement of an Investment Order Management System. The system we will procure must be able to provide full trade management support, be able to communicate with our existing service providers and have global as well as UK trade support capabilities. To ensure the system is appropriate we will need the chosen system to have a proven historic and ongoing usage providing trade support to at least three FCA regulated Asset Management companies with assets under management exceeding PS10Billion.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05687b
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/069721-2025
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Competitive flexible procedure
Tender Suitability
Not specified
Awardee Scale
Large

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

48000000 - Software package and information systems

48411000 - Investment management software package

48442000 - Financial systems software package

66000000 - Financial and insurance services

72000000 - IT services: consulting, software development, Internet and support

72211000 - Programming services of systems and user software

Notice Value(s)

Tender Value
£540,000 £500K-£1M
Lots Value
£540,000 £500K-£1M
Awards Value
£290,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
30 Oct 20253 months ago
Submission Deadline
26 Aug 2025Expired
Future Notice Date
Not specified
Award Date
29 Oct 20253 months ago
Contract Period
1 Dec 2025 - 30 Nov 2028 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
CITY OF BRADFORD METROPOLITAN DISTRICT COUNCIL
Contact Name
Mo Owolabi
Contact Email
tendering@bradford.gov.uk
Contact Phone
+44 7483970737

Buyer Location

Locality
BRADFORD
Postcode
BD1 1HX
Post Town
Bradford
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE41 Bradford
Delivery Location
Not specified

Local Authority
Bradford
Electoral Ward
City
Westminster Constituency
Bradford West

Supplier Information

Number of Suppliers
1
Supplier Name

BLOOMBERG FINANCE

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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