---
title: "Lease Accounting System"
ocid: "ocds-b5fd17-2dfbe787-9d27-4a7a-b614-ae6267b64e17"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-2dfbe787-9d27-4a7a-b614-ae6267b64e17"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-2dfbe787-9d27-4a7a-b614-ae6267b64e17.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-2dfbe787-9d27-4a7a-b614-ae6267b64e17.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "ESSEX COUNTY COUNCIL"
published: "2024-10-31"
---

# Lease Accounting System

Buyer: ESSEX COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-2dfbe787-9d27-4a7a-b614-ae6267b64e17

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## Summary

Essex County Council has concluded a procurement process for a Lease Accounting System through a selective call-off from a framework agreement, specifically G-Cloud 13. The awarded supplier is IRIS Software Limited. The contract commences on 1st November 2024 and will run until 31st October 2026. This procurement falls under the "services" category, specifically targeting the accounting system sector (CPV 48444000). The delivery location is in the East of England, United Kingdom. The total contract value is £95,377.84. Key procurement stages included the tender period ending on 22nd October 2024, with the award officially made on 23rd October 2024.

This tender offers growth opportunities for businesses specialising in lease accounting software, particularly those compliant with International Financial Reporting Standard 16 (IFRS16) for local authorities. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are particularly well-suited to compete in this space, given the procurement's suitability criteria. The framework agreement approach reduces barriers to entry, presenting an accessible route for qualified firms to engage with a significant public sector client, thereby enhancing their market presence and reputation.

## Notice

A software system that has the functionality to hold details of the Council's leasing arrangements where the Council is either lessee or lessor. The system will need to calculate the year end lease accounting entries (journals) such as recognition of lease liabilities and Right Of Use remeasurement of lease liabilities, write down of lease liabilities. The system will need to be compliant with the requirements of the International Financial Reporting Standard 16 (IFRS16) for local authorities. Awarded via G-Cloud 13.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/cc7bafac-a94a-4d62-8152-c0057ab7a523 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 31 Oct 2024 |
| Submission deadline | 22 Oct 2024 |
| Future notice date | Not specified |
| Award date | 22 Oct 2024 |
| Contract period | 1 Nov 2024 - 31 Oct 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £95,377 |
| Lots value | Not specified |
| Awards value | £95,377 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | ESSEX COUNTY COUNCIL |
| Locality | CHELMSFORD |
| Post town | Chelmsford |
| Postcode | CM1 1QH |
| Country | England |
| ITL 1 | TLH East (England) |
| ITL 2 | TLH3 Essex |
| ITL 3 | TLH36 Heart of Essex |
| Local authority | Chelmsford |
| Electoral ward | Moulsham and Central |
| Westminster constituency | Chelmsford |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | IRIS SOFTWARE |

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48444000 - Accounting system

## Release History

- 31 Oct 2024 at 15:12 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/cc7bafac-a94a-4d62-8152-c0057ab7a523

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/cc7bafac-a94a-4d62-8152-c0057ab7a523
  31st October 2024 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-2dfbe787-9d27-4a7a-b614-ae6267b64e17. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-2dfbe787-9d27-4a7a-b614-ae6267b64e17.json.