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FinOps solution

JISC

This public procurement record has 3 releases in its history.

Award

29 Jan 2026 at 15:05

UK7 - Contract Details Notice
Award

07 Nov 2025 at 11:47

UK6 - Contract Award Notice
Tender

23 Sep 2025 at 11:30

UK4 - Tender Notice
Summary of the contracting process

The public procurement process initiated by JISC, a public authority based in Bristol, United Kingdom, involved the procurement of a 'FinOps solution'. This procurement falls under the services industry category, specifically for business intelligence software development services. The procurement process was conducted using an open procedure and is now in the 'Award' stage, with IBM United Kingdom Limited being the selected supplier. The contract, valued at £24,000,000 gross over a potential four-year period (initial two years plus two optional one-year extensions), is set to commence on 26th February 2026 and potentially extend until 25th February 2030. The solution is primarily deployed for JISC's internal use but holds potential for broader deployment among JISC members and customers.

This tender represents a significant opportunity for businesses specialising in cloud management and optimisation, particularly those with expertise in enterprise-scale deployments. Large enterprises, especially those with capabilities in financial systems software packages and associated services, would find this contract advantageous due to its substantial value and extended service period. The inclusion of small and medium-sized enterprises (SMEs) in the bidding process suggests that the tender evaluation considered diverse business scales, enabling a range of businesses to compete and grow through engagement with JISC's extensive cloud management operations.

How relevant is this notice?

Notice Information

Notice Title

FinOps solution

Notice Description

Jisc's Cloud Managed Services team was looking to procure a FinOps solution from a single provider. The successful solution will be predominately deployed by Jisc as the main user (use case (1) and (2)), however there is scope that the solution is in-directly made available to Jisc members and customers (use case (3).

Lot Information

Lot LOT-0000

Renewal: Beyond the 2 year initial period, two further 12 month contract extension options are provided for (i.e. 2+1+1).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-059ff6
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/008128-2026
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

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

CPV Codes

48442000 - Financial systems software package

72212482 - Business intelligence software development services

Notice Value(s)

Tender Value
£20,000,000 £10M-£100M
Lots Value
£20,000,000 £10M-£100M
Awards Value
£20,000,000 £10M-£100M
Contracts Value
£20,000,000 £10M-£100M

Notice Dates

Publication Date
29 Jan 20266 months ago
Submission Deadline
23 Oct 2025Expired
Future Notice Date
Not specified
Award Date
7 Nov 20259 months ago
Contract Period
26 Feb 2026 - 25 Feb 2028 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
JISC
Additional Buyers

Jisc

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BRISTOL
Postcode
BS1 6NB
Postcode Area
Bristol
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK51 Bristol, City of
Delivery Location
Not specified
Local Authority
Bristol, City of
Electoral Ward
Central
Westminster Constituency
Bristol Central

Supplier Information

Number of Suppliers
1
Supplier Name

IBM UNITED KINGDOM LIMITED

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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