---
title: "Lease Management and Accounting System"
ocid: "ocds-b5fd17-73ba1789-e63b-41d3-bdfd-58164b7457c5"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-73ba1789-e63b-41d3-bdfd-58164b7457c5"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-73ba1789-e63b-41d3-bdfd-58164b7457c5.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-73ba1789-e63b-41d3-bdfd-58164b7457c5.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "NOTTINGHAMSHIRE COUNTY COUNCIL"
published: "2021-02-23"
---

# Lease Management and Accounting System

Buyer: NOTTINGHAMSHIRE COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-73ba1789-e63b-41d3-bdfd-58164b7457c5

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## Summary

The Nottinghamshire County Council (NCC) is undertaking a procurement process for a Lease Management and Accounting System, essential for adopting the new IFRS16 accounting standard. This open tender, classified under the category of business transaction and personal business software package, was published on 19th November 2020, with a deadline for submissions on 11th December 2020. The total value of the contract is £80,000, and the successful bidder will deliver services from 4th January 2021 until 31st March 2024, operating primarily in the East Midlands region of the United Kingdom.

This tender presents a significant opportunity for software vendors, particularly those specialising in cloud-based solutions and accounting software as a service (SAAS). Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to compete, as they are deemed suitable for this procurement. The successful firm will play a crucial role in helping NCC transition efficiently to the new accounting requirements, thereby gaining valuable public sector experience and paving the way for future collaborations.

## Notice

Nottinghamshire County Council (NCC) is required to adopt the new accounting standard IFRS16, Leases, which replaces IAS 17 Leases and its related interpretations. It will apply to the 2021/22 financial statements, with a number of disclosure requirements required showing the impact of the new standard within the 2020/21 financial statements. Therefore, NCC require a solution to record these leases and undertake these calculations. Our requirement is to buy a Lease Management and Accounting System that facilitates this. NCC is moving to Cloud based solutions and therefore we are looking for a software as a service (SAAS) solution. Additional information: Tender documentation available at www.eastmidstenders.org

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/b131911a-ca94-452e-8247-bb0f3feff35c |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME, VCSE |
| Awardee scale | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Feb 2021 |
| Submission deadline | 23 Dec 2020 |
| Future notice date | Not specified |
| Award date | 21 Jan 2021 |
| Contract period | 12 Feb 2021 - 31 Mar 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £80,000 |
| Lots value | Not specified |
| Awards value | £49,000 |
| 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 | NOTTINGHAMSHIRE COUNTY COUNCIL |
| Locality | NOTTINGHAMSHIRE |
| Post town | Nottingham |
| Postcode | NG2 7QP |
| Country | England |
| ITL 1 | TLF East Midlands (England) |
| ITL 2 | TLF1 Derbyshire and Nottinghamshire |
| ITL 3 | TLF16 South Nottinghamshire |
| Local authority | Rushcliffe |
| Electoral ward | Trent Bridge |
| Westminster constituency | Rushcliffe |
| Delivery location | TLF East Midlands (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | LINK ASSET SERVICES |

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48400000 - Business transaction and personal business software package

## Release History

- 23 Feb 2021 at 16:41 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/b131911a-ca94-452e-8247-bb0f3feff35c
- 8 Dec 2020 at 16:49 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/a47f0963-13ad-4a36-b806-f3cce3dbc27b
- 19 Nov 2020 at 14:35 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/645ba1ea-d7cc-4254-ae44-eb3c19680fa2

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/b131911a-ca94-452e-8247-bb0f3feff35c
  23rd February 2021 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/a47f0963-13ad-4a36-b806-f3cce3dbc27b
  8th December 2020 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/645ba1ea-d7cc-4254-ae44-eb3c19680fa2
  19th November 2020 - Opportunity notice on Contracts Finder

## Notice URLs

- http://www.nottinghamshire.gov.uk

## Provenance

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