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Aptitude Professional Services - IFRS9 Build

UK EXPORT FINANCE

This public procurement record has 3 releases in its history.

TenderCancellation

10 Apr 2026 at 15:48

UK12 - Procurement Termination Notice
Award

04 Mar 2026 at 16:50

UK6 - Contract Award Notice
Award

29 Jan 2026 at 13:29

UK5 - Transparency Notice
Summary of the contracting process

The procurement process involves UK Export Finance, headquartered at 1 Horse Guards Rd, London, which initiated a tender titled "Aptitude Professional Services - IFRS9 Build". This contract falls under the services industry category, specifically IT services, consulting, software development, Internet, and support. It aims to implement an IFRS 9 calculation and accounting solution using Aptitude Software. The procurement method was a direct award due to the exclusive intellectual property rights held by the supplier. The contract, originally awarded on 4th March 2026, was intended to commence on 17th March 2026 and conclude by 16th September 2027. However, due to errors in the contract terms, it was cancelled on 25th March 2026 to ensure accuracy and transparency. The process was previously tagged at the tender, award, and contract stages but is currently in the tender cancellation stage.

This procurement presents substantial growth opportunities, particularly for businesses specialising in IT services and software solutions. As the contract was awarded directly to Aptitude Software Limited, a large enterprise with specific expertise and intellectual property in the required solution, similar businesses with specialised skills or proprietary technologies may find future opportunities in similar tenders advantageous. Companies looking to expand their client portfolio in central government contracts, especially those capable of providing bespoke financial or accounting solutions, could find these procurement processes lucrative for long-term business development within the sector across various UK regions.

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Notice Information

Notice Title

Aptitude Professional Services - IFRS9 Build

Notice Description

Procuring Professional services to complete the implementation of an IFRS 9 calculation and accounting solution using Aptitude Software for UKEF's portfolio of financial services, and meeting the accounting and enterprise design standards.

Procurement Information

The supplier owns the IPR to the software being used to implement the IFRS 9 calculation and accounting solution and are the SMEs for the requirement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06120d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/032933-2026
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK12 - Procurement Termination Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

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

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£830,675 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
10 Apr 20265 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
4 Mar 20267 months ago
Contract Period
17 Mar 2026 - 16 Sep 2027 1-2 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
UK EXPORT FINANCE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1A 2HQ
Postcode Area
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

Supplier Information

Number of Suppliers
1
Supplier Name

APTITUDE SOFTWARE 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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