Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Aptitude Professional Services - IFRS9 Build

UK EXPORT FINANCE

This public procurement record has 3 releases in its history.

Award

29 Jul 2026 at 12:09

UK7 - Contract Details Notice
Award

10 Apr 2026 at 16:40

UK6 - Contract Award Notice
Award

10 Apr 2026 at 16:11

UK5 - Transparency Notice
Summary of the contracting process

UK Export Finance is buying professional services to complete the implementation of an IFRS 9 calculation and accounting solution using Aptitude Software. The work covers its portfolio of financial services and must meet the organisation’s accounting and enterprise design standards. This is an information technology services requirement, including consulting, software development, implementation and support. Delivery is across the United Kingdom, for UK Export Finance, the central government authority responsible for the procurement. The requirement is focused on configuring and completing a specific financial reporting and calculation solution rather than supplying general-purpose software. It is therefore relevant to businesses with specialist experience in IFRS 9 implementation, Aptitude Software services, financial systems integration and accounting-focused enterprise architecture.

The procurement has been completed and the contract was awarded to APTITUDE SOFTWARE LIMITED on 9 April 2026. It used a direct award because the supplier owns the relevant intellectual property rights. The signed contract is active, was signed on 22 July 2026, and runs from 22 July 2026 to 21 July 2028, with two allowable six-month extensions taking the maximum end date to 21 July 2029. The awarded value is £1,666,000 excluding VAT and £1,999,200 including VAT. There was one completed lot, covering the full requirement. The award and contract are above the applicable threshold. The procurement used a single supplier on the stated intellectual-property basis; the supplier selected was APTITUDE SOFTWARE LIMITED.

This award shows demand from UK Export Finance for specialist delivery of IFRS 9 calculation and accounting capability built around Aptitude Software. A credible competitor for a future requirement would need demonstrable expertise in implementing and completing IFRS 9 solutions, configuring or extending Aptitude Software, and integrating financial services systems into an organisation’s wider accounting environment. Experience should include translating accounting requirements into reliable calculations, supporting portfolio-level financial services data, and working within formal accounting and enterprise design standards. Suppliers would also need the delivery capacity to complete a substantial implementation programme and manage unfinished deliverables through an established professional-services team. The direct award indicates that ownership or control of relevant software intellectual property was decisive in this procurement, so rights, licensing and product expertise would be important commercial considerations.

How relevant is this notice?

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

Supplier owns IPR.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06804d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/071642-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details 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
£1,666,000 £1M-£10M
Contracts Value
£1,666,000 £1M-£10M

Notice Dates

Publication Date
29 Jul 20262 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
9 Apr 20266 months ago
Contract Period
22 Jul 2026 - 21 Jul 2028 2-3 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
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)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...