Tender

WMPF26001 - Fund Accounting Software

WOLVERHAMPTON CITY COUNCIL

This public procurement record has 2 releases in its history.

Tender

25 Mar 2026 at 15:44

Planning

23 Mar 2026 at 14:40

Summary of the contracting process

Wolverhampton City Council, alongside the West Midlands Pension Fund, is in the tender stage of procuring an integrated fund accounting system, titled "WMPF26001 - Fund Accounting Software", categorized under accounting software packages. This tender aims to find a supplier to deliver a robust system supporting various asset classes to meet present and future regulatory and investment needs. The procurement process is under the open procedure method, with the tender deadline set for 29th April 2026, followed by the award period ending on 15th June 2026. This procurement focuses on goods and is expected to operate within the UK with an estimated contract value of £2,400,000. The contractual period commences from 28th February 2027 to 27th February 2030, with options for extensions until March 2032.

This tender provides substantial business growth opportunities for companies specialising in accounting and financial software solutions. Particularly, small and medium enterprises (SMEs) and voluntary community and social enterprises (VCSEs) that can offer high-quality, automation-enhanced, and audit-strengthened systems are well-suited to compete for this contract. With a strong emphasis on improving transparency and reducing operational and financial risks, businesses with expertise in compliance with the Government's forthcoming LGPS reforms from April 2026 could find this as an ideal platform to showcase their technical solutions. The inclusion of open market engagement ensures a level playing field, whilst previous insights from software companies have been anonymised and incorporated to ensure fair competition among potential bidders.

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Notice Title

WMPF26001 - Fund Accounting Software

Notice Description

The primary objective of the procurement is to appoint a supplier capable of delivering a robust, integrated fund accounting system that supports all asset classes and enables WMPF to operate effectively within a changing regulatory and investment environment. The solution must improve transparency, enhance automation, strengthen auditability, and reduce operational and financial risk. It must provide accurate, timely, and consistent financial information to support effective governance, oversight, and decision-making. A further objective is to ensure that WMPF's fund accounting arrangements remain fit for purpose in light of the Government's "LGPS: Fit for the Future" reforms, expected to take effect from April 2026.

Lot Information

Lot 1

Renewal: There is an option to extend by 2 x 12 months (a total of 5 year contract period)

Planning Information

A prior, limited (closed) engagement exercise was carried out to seek early insight into market capabilities. This PME notice is being published to ensure full transparency of that activity and to provide all suppliers with visibility of the information gathered and the intended next steps. Any insights obtained through the earlier engagement will be shared openly and equitably as part of the tender process to ensure that no supplier benefits disproportionately from having taken part at an earlier stage. Participation in earlier or current engagement activities does not confer any competitive advantage. Any supplier‑specific findings obtained during the closed session have been anonymised and summarised for publication as part of the tender. WMPF approached a total of 8 software companies - 6 organisations responded to this query. Findings of this PME will be published as part of the tender for WMPF26001 - Fund Accounting Software for transparency purposes.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-067193
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/027459-2026
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48443000 - Accounting software package

Notice Value(s)

Tender Value
£2,400,000 £1M-£10M
Lots Value
£2,400,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
25 Mar 20261 weeks ago
Submission Deadline
29 Apr 20264 weeks to go
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
28 Feb 2027 - 27 Feb 2030 3-4 years
Recurrence
2031-02-27

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
WOLVERHAMPTON CITY COUNCIL
Additional Buyers

WEST MIDLANDS PENSION FUND

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

Buyer Location

Locality
WOLVERHAMPTON
Postcode
WV1 1SH
Post Town
Wolverhampton
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG39 Wolverhampton
Delivery Location
TLG West Midlands (England), TLG3 West Midlands

Local Authority
Wolverhampton
Electoral Ward
St Peters
Westminster Constituency
Wolverhampton West

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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