Award

Financial Modelling Software for Beef Farms

HYBU CIG CYMRU-MEAT PROMOTION WALES

This public procurement record has 2 releases in its history.

Summary of the contracting process

The buying organisation, Hybu Cig Cymru-Meat Promotion Wales, has initiated a tender for the procurement of Financial Modelling Software for Beef Farms. This falls under the services category and aims to enhance financial and environmental gains from younger farm stock. The procurement stage is at the award phase, with the contract being signed on June 5, 2024. The location is Aberystwyth, and the key deadline for this tender was May 8, 2024.

This tender presents a business growth opportunity for software developers specializing in financial and environmental analysis for beef farms. Companies offering software development, data services, and consultancy in agriculture, business software packages, and IT services are well-suited to compete. The procurement method is open, allowing various businesses to engage in the process and potentially secure contracts with Hybu Cig Cymru-Meat Promotion Wales.

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Notice Title

Financial Modelling Software for Beef Farms

Notice Description

Hybu Cig Cymru/Meat promotion Wales require software developers that can utilise existing standard off the shelf database or software and develop a bespoke package to include financial 'what-if scenario' options to analyse both financial and physical beef farm data.The principal of the project is to generate evidence of both financial and environmental gain from finishing farm stock younger.The plan is to have a piece of software that HCC can demonstrate 'what-if?' scenarios to participating farmers, by having preloaded market data; readily available from local historic livestock markets, AHDB and our very own HCC (ideally automatically uploaded using csv files). The system developed that could then run a comparison what-if budget against their own accounts, demonstrating profit margin and cash flow gain that they may achieve, had they sold the animal at 14-15months instead of the more mature 24-30months that the results in their financial accounts are based upon. This along with purchase of a replacement dairy beef calf to rear over the course of the remaining 10-15months.No more forage stocks would necessarily be needed but additional milk replacer (industry standard cost) and concentrate would be required. Therefore the system in respect of 'what-if' scenario assessment needs to account for these and all other necessary inputs. Two 12-15 month old steer/heifers emits less methane than one 24 -30 month animal. So we should also be able to demonstrate the environmental gain within this system.The database would need to store market data, farmer contact details, their operating system, beef numbers, existing feeding program, weights (if recorded) financial accounts, details of where there animals are sold and where they would buy the young livestock. EtcFrom this information, the software would need a calculating package under the what-if scenario to automatically adjust back to 14-15 months, use expected weight (if not already recorded on farm then use industry standard data) and against the market data determine the return, had the animal been sold at that time.Then to use market data again to determine cost of dairy beef calf purchase at that time, calculate the cost of rearing a second animal through to 15months and sold against market value data recorded for that corresponding date. The system could also use data from the accounts to work up a historic cash flow to demonstrate the position their bank balance could've been.There are expected to be more variables that would need to be included but these will be determined as the software is being developed.An outline of the process being executed is included within this ITT.Please contact Russ Thomas if more information is needed.

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-140053
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=140053
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
S2W Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

03 - Agricultural, farming, fishing, forestry and related products

48 - Software package and information systems

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


CPV Codes

03000000 - Agricultural, farming, fishing, forestry and related products

48400000 - Business transaction and personal business software package

48600000 - Database and operating software package

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

72200000 - Software programming and consultancy services

72300000 - Data services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
5 Jun 20241 years ago
Submission Deadline
1 May 2024Expired
Future Notice Date
Not specified
Award Date
5 Jun 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
HYBU CIG CYMRU-MEAT PROMOTION WALES
Contact Name
Russell Thomas
Contact Email
rthomas@hybucig.cymru
Contact Phone
+44 1970625050

Buyer Location

Locality
ABERYSTWYTH
Postcode
SY23 3FF
Post Town
Shrewsbury
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL4 Mid and South West Wales
Small Region (ITL 3)
TLL41 Mid Wales
Delivery Location
Not specified

Local Authority
Ceredigion
Electoral Ward
Llanfarian
Westminster Constituency
Ceredigion Preseli

Supplier Information

Number of Suppliers
1
Supplier Name

VEELOGIC SOFTWARE SOLUTIONS

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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