Award

IFRS-16 Management Software Solution

ARGYLL AND BUTE COUNCIL

This public procurement record has 2 releases in its history.

Summary of the contracting process

The Argyll and Bute Council has completed the procurement process for the IFRS-16 Management Software Solution. The council required a software solution to handle leasing information in compliance with IFRS 16 regulations. The procurement was for goods, with the main procurement category being IFRS software. The buying organisation is based in Lochgilphead, UKM, with a specified postal code. The tender process involved awarding the contract to "Link Treasury Services" for a value of 95,000 GBP, signed on 17th January 2023.

This tender provides an opportunity for businesses involved in providing IFRS software solutions to compete and potentially win contracts. Companies that specialise in software development, particularly related to financial regulations such as IFRS, would be well-suited to participate in this tender. The procurement process was an open procedure, offering fair competition to various types of businesses, including SMEs. The deadline for the tender submission was on 28th October 2022, and the award announcement was scheduled for 31st October 2022.

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Notice Title

IFRS-16 Management Software Solution

Notice Description

Argyll and Bute Council (ABC) requires a software solution to allow for the recording and disclosure of leasing information in compliance with IFRS 16 regulations.

Lot Information

Lot 1

Argyll and Bute Council (ABC) requires a software solution to allow for the recording and disclosure of leasing information in compliance with IFRS 16 regulations. Under the regulations ABC is required to hold suitable records relating to leasing contracts to a sufficient and consistent level of detail as meets the stipulated reporting requirements. The provider of the solution must enable ABC to both meet the current requirements, and also make a commitment to ensure that the solution remains compliant with the relevant regulations as they evolve in the future.

Renewal: The Contract may be extended for up to 1 + 1 years at the option of Argyll and Bute Council, subject to satisfactory performance of the contract.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000710073
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=FEB470030
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

66 - Financial and insurance services


CPV Codes

48000000 - Software package and information systems

66114000 - Financial leasing services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£95,000 Under £100K

Notice Dates

Publication Date
1 Feb 20233 years ago
Submission Deadline
28 Oct 2022Expired
Future Notice Date
Not specified
Award Date
17 Jan 20233 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
ARGYLL AND BUTE COUNCIL
Contact Name
MIRELA SIMIONOV, Samantha Torrie
Contact Email
mirela.simionov@argyll-bute.gov.uk, samantha.torrie@argyll-bute.gov.uk
Contact Phone
+44 1546604145, +44 1546604239

Buyer Location

Locality
LOCHGILPHEAD
Postcode
PA31 8RT
Post Town
Paisley
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM2 Highlands and Islands
Small Region (ITL 3)
TLM20 Highlands and Islands
Delivery Location
TLM Scotland

Local Authority
Argyll and Bute
Electoral Ward
Mid Argyll
Westminster Constituency
Argyll, Bute and South Lochaber

Supplier Information

Number of Suppliers
1
Supplier Name

LINK TREASURY SERVICES

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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