---
title: "GIB Request For Proposal Managed Service Financial and Accountancy Services"
ocid: "ocds-b5fd17-e2300d32-adc8-11e6-9901-0019b9f3037b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-e2300d32-adc8-11e6-9901-0019b9f3037b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-e2300d32-adc8-11e6-9901-0019b9f3037b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-e2300d32-adc8-11e6-9901-0019b9f3037b.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "UK GREEN INVESTMENT BANK PLC"
published: "2016-11-18"
---

# GIB Request For Proposal Managed Service Financial and Accountancy Services

Buyer: UK GREEN INVESTMENT BANK PLC  
Current stage: Tender  
OCID: ocds-b5fd17-e2300d32-adc8-11e6-9901-0019b9f3037b

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## Summary

The UK Green Investment Bank plc (GIB) is currently seeking a qualified provider through an open procurement process to fulfil a Request for Proposal (RFP) for managed financial and accountancy services. This procurement is categorised under financial information systems and will be conducted in London and Scotland. The tender was published on 13th October 2015, with a submission deadline of 23rd October 2015, and the contract period is scheduled from 2nd November 2015 to 2nd November 2016. The estimated value of the contract is £50,000.

This tender represents a significant opportunity for firms specialising in financial services and software, particularly those proficient in delivering comprehensive accounting systems and enhanced governance frameworks. Businesses equipped to help GIB transition from manual processes toward automated solutions will be well-positioned to compete for this contract. The strategic need for transformation within GIB's finance function opens avenues for sectors such as investment management, tax preparation, and procurement software solutions.

## Notice

UK Green Investment Bank plc ("GIB") is looking to appoint a suitably qualified provider to deliver a managed service solution to provide core financial accounting and reporting capabilities. The required solution is to be implemented in time to support year-end 2016 (31/3/16) processes and controls. Given these timescales, the business requirements have been prioritised into 'Must have', 'Should have' and 'Could have'. Solutions must support the timely implementation of 'Must have' requirements whilst also allowing for future delivery of additional lower priority requirements. 2 Background GIB is a fast growing and dynamic business. The Finance function has identified a need to transform its capabilities in order to meet the current needs of the business and to be positioned well for the strategic direction of the business. As a UK Government owned entity, GIB has several unique features that impact the Finance function and define elements of its processes and controls environment. These requirements are set to change as GIB enters a sale process over the next 12 months. This strategic environment, combined with tools and processes that limit the ability to scale, has led to a number of challenges for the function. To address these challenges, a transformation project has been initiated in order to define and implement the changes required to meet the near-term and strategic requirements for Finance. These requirements are aligned to support the following key business objectives: 1. Provide a suitable ledger solution - GIB need to migrate from a government-provided GL and manual excel-based sub ledgers to an alternative general ledger solution with integrated controls 2. Increased controls/Governance - Reduce dependency on excel spreadsheets and manual controls, increased use of systematic controls 3. Better utilisation of skilled finance staff - Free finance team from administrative and highly manual activity 4. Improved year end with robust processes and controls

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/1fd9b864-18fd-4459-a198-eb7a81ccf53d |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 18 Nov 2016 |
| Submission deadline | 23 Oct 2015 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 2 Nov 2015 - 2 Nov 2016 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £50,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | UK GREEN INVESTMENT BANK PLC |
| Locality | EDINBURGH |
| Post town | Edinburgh |
| Postcode | EH3 8EX |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM1 East Central Scotland |
| ITL 3 | TLM13 City of Edinburgh |
| Local authority | City of Edinburgh |
| Electoral ward | City Centre |
| Westminster constituency | Edinburgh South West |
| Delivery location | TLI London, TLM Scotland |

## CPV Codes

### Divisions

- 48 - Software package and information systems
- 66 - Financial and insurance services

### Codes

- 48410000 - Investment management and tax preparation software package
- 48440000 - Financial analysis and accounting software package
- 48490000 - Procurement software package
- 48812000 - Financial information systems
- 66000000 - Financial and insurance services

## Release History

- 18 Nov 2016 at 20:17 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/1fd9b864-18fd-4459-a198-eb7a81ccf53d

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/1fd9b864-18fd-4459-a198-eb7a81ccf53d
  13th October 2015 - Opportunity 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-e2300d32-adc8-11e6-9901-0019b9f3037b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-e2300d32-adc8-11e6-9901-0019b9f3037b.json.