Award

Supply, Installation and Maintenance of a Finance System

SCOTTISH NATIONAL INVESTMENT BANK

This public procurement record has 1 release in its history.

Award

04 Feb 2026 at 00:00

PCS Notice - Website Contract Award Notice
Summary of the contracting process

The Scottish National Investment Bank, located in Edinburgh, has successfully concluded a public procurement process for the "Supply, Installation and Maintenance of a Finance System". This process falls under the services category and was conducted using an open procedure. The contract's main location involves Edinburgh and Glasgow, and the procurement stage is now at the award phase with the contract having been signed on 31st October 2025. This tender, identified as "con-0168", involves a financial management system inclusive of expenses and procure-to-pay modules, with Workday selected as the supplier to provide ongoing support and maintenance. The awarded contract value amounts to £604,260 GBP, with an additional 12-month extension option available.

This procurement offers a significant opportunity for businesses specialising in finance systems, particularly those with expertise in comprehensive financial management solutions. Companies capable of providing innovative, scalable systems that cater to the complex needs of investment banks would be well-suited for similar tenders in the future. Although this particular contract was awarded to a large enterprise, there is still potential for small and medium enterprises to engage in electronic bidding or join in consortiums to take on similar future projects. Additionally, this contracts' focus within the UK's finance sector offers businesses a chance to strengthen their presence and reputation within a high-demand industry.

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Notice Information

Notice Title

Supply, Installation and Maintenance of a Finance System

Notice Description

Award of contract for the Supply, Installation and Maintenance of a Finance System

Lot Information

Lot 1

Award of contract for the Supply, Installation and Maintenance of a Finance System. The bank wish to appoint a supplier to supply and implement a finance system as well as providing ongoing support and maintenance. The software required will include financial management, expenses and procure to pay modules.

Options: 12 month extension period available.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000821646
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=FEB548785
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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
Not specified
Contracts Value
£604,260 £500K-£1M

Notice Dates

Publication Date
4 Feb 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
31 Oct 20253 months 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
SCOTTISH NATIONAL INVESTMENT BANK
Contact Name
Not specified
Contact Email
procurement@thebank.scot
Contact Phone
+44 7776549095

Buyer Location

Locality
EDINBURGH
Postcode
EH1 3EG
Post Town
Edinburgh
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
TLM75 City of Edinburgh
Local Authority
City of Edinburgh
Electoral Ward
City Centre
Westminster Constituency
Edinburgh East and Musselburgh

Supplier Information

Number of Suppliers
1
Supplier Name

WORKDAY

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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