Contracts Finder notice
Investment Management System ("IMS")
Authority: British Business Bank
CPV: IT services: consulting, software development, Internet and support (72000000)
Published contract value£890,000Exc. VAT
Contract ends 2 Apr 2027
Awarded to eFront Limited
Contract starts 3 Apr 2023
What is being bought
Published requirement descriptionThe Authority has awarded an investment management system ("IMS") contract ("Contract") to BlackRock, relying on the exemption in Regulation 32(2)(b)(ii) of the Public Contracts Regulations 2015 to use the negotiated procedure without prior publication, on the basis that competition is absent for technical reasons. The IMS will allow the Authority to manage the full investment administration cycle of its debt and equity portfolio ("Portfolio"). The Contract covers implementation, migration support, professional services, licensing, and maintenance.
Published procurement details
- Procedure
- Other -
- Buyer reference
- BIP773905003
- Category
- Services
- Tender status
- Complete
- Award status
- Active
- Suitable for SMEs
- Yes
- Suitable for voluntary, community and social enterprises
- No
- Tender deadline
- Item 1: Delivery locations as published
- British Oversea Territories; Channel Islands; Europe; Isle of Man; Rest of the World; United Kingdom
Key dates
Published dates- Award decision31 Mar 2023
- Contract starts3 Apr 2023
- Notice published5 Apr 2023
- Contract ends2 Apr 2027
Contracting authority & participating public bodies
- British Business BankContracting authority
Suppliers named on the notice
- eFront LimitedSupplier
- Business size
- Large
Official documents & specifications (2)
Official links; attachments are not copiedNotices published for this procedure
Source record
- Source
- Contracts Finder
- Notice language
- en
- Release reference
- ocds-b5fd17-cdc70b68-9160-4508-88a5-f24b7c5b9a6c-2023-04-05T15:50:03+01:00
- Published
- 5 Apr 2023
- Latest update
- 5 Apr 2023
- Procedure reference
- ocds-b5fd17-cdc70b68-9160-4508-88a5-f24b7c5b9a6c
- Contract reference
- ocds-b5fd17-cdc70b68-9160-4508-88a5-f24b7c5b9a6c-1