---
title: "R5963 Corporate Finance System"
ocid: "ocds-h6vhtk-04256b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04256b"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04256b.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04256b.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "TOWER HAMLETS"
published: "2023-12-13"
---

# R5963 Corporate Finance System

Buyer: TOWER HAMLETS  
Current stage: Award  
OCID: ocds-h6vhtk-04256b

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04256b)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-04256b.json)

## Summary

The Mayor and Burgesses of the London Borough of Tower Hamlets have awarded a contract for the R5963 Corporate Finance System to Unit4 Business Software Limited. The procurement process was conducted through a limited negotiated procedure, with the justification that the system is essential for the council’s operations, and there are technical reasons for the absence of competition. The contract is for service provision over a 3-year term. Tower Hamlets is the buying organisation located in London, United Kingdom, and the procurement falls under the ‘services’ category. The contract has a value of £835,000 GBP and was signed on December 13, 2023.

This contract to implement the Corporate Finance System by Unit4 offers business growth opportunities to companies specialising in system and support services within the financial management sector. Given the nature of the contract and the rationale behind the limited procurement process, businesses with expertise in providing similar essential IT infrastructure services may find this tender suitable for competitive participation. The contract award signifies stability in service provision for the council's financial management infrastructure, creating a potential long-term partnership for the selected supplier.

## Notice

The Mayor and Burgesses of the London Borough of Tower Hamlets intend to enter into a contract with Unit4 in respect of the services described below. The proposed contract is term 3 years. The Agresso (Business World Enterprise Resource Planning) application is the system used by the entire council for the management of its finances. The application is essential IT infrastructure as it provides accounting functionality which enables budget allocation and management across the whole council.

### Lot Information

Lot 1

The Agresso (Business World Enterprise Resource Planning) application is the system used by the entire council for the management of its finances. The application is essential IT infrastructure as it provides accounting functionality which enables budget allocation and management across the whole council. The firm also provides support and maintenance under this contract. In addition Agresso will also be hosted by Unit 4.

### Procurement Information

This award is lawful in accordance with the regulation 32(2)(b)(ii) because the competition is absent for technical reasons. The council has used the Agresso application for a number of years, and the system is an essential part of the council's IT infrastructure such that any down time or system failure would have a detrimental affect on the running of the council's services. At the present time it would be impossible for the council to procure an alternative economic operator to provide this service. This is because, the council has embarked on a wider assessment of its infrastructural IT provision - with respect to Finance, HR and Procurement. Therefore it is key that stability of provision is ensured over the next few years to allow proper consideration of the above mentioned aspects. No other economic provider would be able to provide this service at this time. The application is currently hosted by an external third party; this arrangement is drawing to a conclusion. It will not be possible for the application and the data to be hosted by a third party in the future due to the availability of support for third party hosting.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/036712-2023 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Negotiated without publication of a contract notice |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 13 Dec 2023 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 13 Dec 2023 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £835,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | TOWER HAMLETS |
| Locality | LONDON |
| Post town | East London |
| Postcode | E14 2BG |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI42 Tower Hamlets |
| Local authority | Tower Hamlets |
| Electoral ward | Poplar |
| Westminster constituency | Poplar and Limehouse |
| Delivery location | TLI42 Tower Hamlets |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | UNIT 4 BUSINESS SOFTWARE |

## CPV Codes

### Divisions

- 72 - IT services: consulting, software development, Internet and support

### Codes

- 72250000 - System and support services

## Release History

- 13 Dec 2023 at 17:20 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/036712-2023

## Notice URLs

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

## 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-h6vhtk-04256b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04256b.json.