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| Source: | Contracts Finder |
| Notice Type: | Award notice |
| Buyer: | British Business Bank |
| Main Category: | Services |
| Procurement Method: | Other - |
| Tender Status: | Closed |
| Estimated Value (ex. VAT): | £890,000 |
| Release Date: | 5 April 2023 |
| Application Deadline: | 30 March 2023 |
| Contract Start Date: | 2 April 2023 |
| Contract End Date: |
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Awarded to
| Award value: | £890,000 |
| Award decision date: | 30 March 2023 |
| Award status: | Active |
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.
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Pipeline status
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Application Deadline
30 March 2023
Closed
Estimated Value
£890,000
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| Contract Duration: | 4.1 years |
| Procurement ID (OCID): | ocds-b5fd17-cdc70b68-9160-4508-88a5-f24b7c5b9a6c |
| Notice Reference: | dbdf7a47-99d0-40e8-b42a-4f60013a67c6-632522 |