Published date: 5 April 2023

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 31 March 2023, 12am

Contract summary

Industry

  • IT services: consulting, software development, Internet and support - 72000000

Location of contract

Any region

Value of contract

£890,000

Procurement reference

BIP773905003

Published date

5 April 2023

Closing date

31 March 2023

Closing time

12am

Contract start date

3 April 2023

Contract end date

2 April 2027

Contract type

Service contract

Procedure type

Other

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

The 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.

More information

Links

Award information

Awarded date

31 March 2023

Contract start date

3 April 2023

Contract end date

2 April 2027

Total value of contract

£890,000

This contract was awarded to 1 supplier.

eFront Limited

Address

12 Throgmorton Avenue
London

Reference

None

Supplier is SME?

No

About the buyer

Address

Steel City House
Steel City House
Sheffield
S1 2GQ
UK

Telephone

+441142127877

Email

procurement@british-business-bank.co.uk