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Tenders

WMPF26001 - Fund Accounting Software

Open
Deadline
33 days left
April 29, 2026
Contract Details
Category
Open Procedure
Reference
027459-2026
Value
£2,400,000
Location
West Midlands, United Kingdom
Published
March 20, 2026
CPV Code
Project Timeline

Tender Published

March 25, 2026

Deadline for Questions

April 22, 2026

Submission Deadline

April 29, 2026

Contract Start Date

February 28, 2027

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Budget
£2,400,000
Duration
36 months
Location
West Midlands
Type
Open Procedure
75
Quality Score/100
Good

Original Tender Description

The primary objective of the procurement is to appoint a supplier capable of delivering a robust, integrated fund accounting system that supports all asset classes and enables WMPF to operate effectively within a changing regulatory and investment environment. The solution must improve transparency, enhance automation, strengthen auditability, and reduce operational and financial risk. It must provide accurate, timely, and consistent financial information to support effective governance, oversight, and decision-making. A further objective is to ensure that WMPF's fund accounting arrangements remain fit for purpose in light of the Government's "LGPS: Fit for the Future" reforms, expected to take effect from April 2026.

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Requirements & Qualifications

22 requirements across 5 categories

Submission (2)
Mandatory (1)
Compliance (10)
Technical (8)
Financial (1)
SUBMISSION REQUIREMENTS2
--Bids must be submitted by the deadline: 2026-04-29T12:00:00+01:00.
--Bids must be provided in English, Estonian, Latvian, Polish, and Lithuanian.
MANDATORY EXCLUSION GROUNDS1
--No specific grounds listed, but standard public procurement exclusion criteria are implied.
ELIGIBILITY REQUIREMENTS10
--Must be capable of delivering a robust, integrated fund accounting system.
--Solution must support all asset classes.
--Solution must enable WMPF to operate effectively within a changing regulatory and investment environment.
TECHNICAL CAPABILITY REQUIREMENTS8
--Must be capable of delivering a robust, integrated fund accounting system.
--Must support all asset classes.
--Must improve transparency.
FINANCIAL REQUIREMENTS1
--No specific financial requirements listed, but bidders are expected to be financially stable to deliver a 2,400,000 EUR solution over 36 months.

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Documents

No processed documents available for this tender.

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75
Good

Tender Quality Score

This tender for fund accounting software is generally well-structured, with clear objectives and a reasonable estimated value. However, it lacks specific evaluation criteria and details on submission methods, impacting practicality and fairness.

Score Breakdown

Legal Compliance75/100

The tender adheres to standard public procurement practices with a clear CPV code and an open procedure. Deadlines are provided, though the submission deadline might be considered tight given the complexity of the required solution. No disputes are noted. Regulatory compliance is implied through the mention of 'LGPS: Fit for the Future' reforms.

Clarity80/100

The description of the required fund accounting system is clear, outlining key objectives such as improved transparency, automation, auditability, and risk reduction. The eligibility and technical capability requirements are well-defined, directly linked to the stated objectives. However, the absence of specific evaluation criteria leaves some ambiguity on how bids will be assessed.

Missing evaluation criteria
Completeness70/100

Most basic information is present, including title, reference, organization, estimated value, contract duration, and start date. The CPV code is provided. However, the crucial 'Tender Documents' section indicates zero documents with content, which is a significant omission. The 'Liable Person' field is also empty.

No document content available
Liable Person field is empty
Fairness85/100

The tender is an open procedure, promoting broad participation. The estimated value is disclosed, and the criteria, while not explicitly detailed for evaluation, are described in terms of functional requirements. The lack of specific evaluation criteria and the absence of information on e-submission methods could be perceived as less fair, as it doesn't fully disclose the assessment process or preferred submission channel.

No evaluation criteria specified
No e-submission information
Practicality65/100

The tender specifies a contract start date and duration. However, the absence of information regarding e-submission methods and the lack of available tender documents significantly hinder practical application. The submission deadline, while present, might be challenging for bidders to prepare a comprehensive response for a complex system.

No e-submission information
No document content available
Data Consistency90/100

Key fields such as title, reference, organization, value, and deadlines are populated. The dates provided (submission deadline, contract start) are logical and do not indicate any immediate inconsistencies. The tender status is 'active' and there are no reported disputes or suspensions.

Sustainability50/100

The tender does not explicitly mention any green procurement, social aspects, or innovation requirements. It is also not indicated as EU funded. This suggests a lack of focus on sustainability criteria within this procurement.

No green procurement mentioned
No social criteria mentioned

Strengths

Clear title, reference, and organization
Well-defined procurement objectives
Disclosed estimated value and contract duration
Appropriate CPV code provided

Concerns

Missing tender document content
Lack of specified evaluation criteria
No information on e-submission process
Absence of sustainability considerations

Recommendations

1. Provide full tender documentation with detailed content.
2. Clearly define and publish the evaluation criteria.
3. Specify the e-submission process and platform.

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