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Tenders

Lumero Educational Trust - Financial Management Software

Open
Deadline
149 days left
August 31, 2026
Contract Details
Category
Open Procedure
Reference
025959-2026
Value
£318,000
Location
Outer London - South, United Kingdom
Published
March 28, 2026
CPV Code
Project Timeline

Tender Published

March 20, 2026

Deadline for Questions

August 24, 2026

Submission Deadline

August 31, 2026

Contract Start Date

August 31, 2026

Budget
£318,000
Duration
36 months
Location
Outer London - South
Type
Open Procedure
75
Quality Score/100
Good

Original Tender Description

Lumero Educational Trust (formerly Inicio Educational Trust) – Financial Management Software Tender. The contract term is for three years, with an option for a further extension. Key requirements include a single contract across thirteen entities, cloud-based finance system compatible with Microsoft and Google, DFE Chart of Accounts compliant, with comprehensive financial transaction and search capabilities. The Trust seeks 'best value' and a contractor keen to work in partnership. The procurement will run under the Competitive Flexible Procedure, with a two-stage approach: Procurement Specific Questionnaire (PSQ) and Invitation To Tender (ITT). Evaluation criteria for ITT are 50% price, 25% technical capability, and 25% support. Minimum insurance requirement of £5 million and minimum annual turnover of £200,000. The client reserves the right not to appoint.

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Requirements & Qualifications

29 requirements across 5 categories

Submission (8)
Mandatory (1)
Compliance (7)
Technical (9)
Financial (4)
SUBMISSION REQUIREMENTS8
--Tender to be submitted under the Competitive Flexible Procedure.
--Two-stage approach: Stage 1 - Procurement Specific Questionnaire (PSQ), Stage 2 - Invitation To Tender (ITT).
--Minimum score of 60% must be achieved in Stage 1 to progress to Stage 2.
MANDATORY EXCLUSION GROUNDS1
--No explicit exclusion grounds mentioned, but implied by failure to meet eligibility or technical requirements.
ELIGIBILITY REQUIREMENTS7
--Minimum annual turnover of £200,000.
--Employers' liability and public liability insurances of £5 million.
--Must be able to provide a completely cloud-based finance system solution.
TECHNICAL CAPABILITY REQUIREMENTS9
--Provision of necessary software to meet technical requirements.
--Solution must have comprehensive financial transaction capability.
--Solution must have search capability.
FINANCIAL REQUIREMENTS4
--Minimum annual turnover of £200,000.
--Value of contract: £265,000 (based on current annual value of £53,000 for three years).
--Option for a further extension period for up to two additional years.

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Documents

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75
Good

Tender Quality Score

This tender for financial management software is generally well-structured, with clear requirements and a defined process. However, it lacks explicit evaluation criteria and details on document content, impacting completeness and clarity.

Score Breakdown

Legal Compliance75/100

The tender adheres to general legal compliance by specifying a clear procedure (Competitive Flexible Procedure), a proper CPV code, and no reported disputes. Deadlines are provided, though the contract start date coinciding with the submission deadline is unusual. The procedure itself is compliant with open tendering principles.

Clarity80/100

The description of the required software and the Trust's needs is generally clear. Key requirements such as cloud-based, compatibility, and DFE Chart of Accounts compliance are specified. However, the absence of explicit evaluation criteria for Stage 2 is a significant clarity issue.

Missing explicit evaluation criteria for Stage 2.
Completeness70/100

Most basic information is present, including estimated value, duration, and deadlines. However, the lack of available content for the tender documents and the missing reveal date for the submission deadline reduce its completeness.

No document content available.
Missing reveal date for submission deadline.
Fairness85/100

The tender promotes fairness by disclosing the estimated value, using an e-procurement portal, and outlining objective criteria for Stage 2 (price, technical, support). The competitive flexible procedure with a defined number of candidates progressing to Stage 2 is also a fair approach. No specific company tailoring is evident.

Practicality65/100

The tender utilizes an e-submission portal, which enhances practicality. However, the contract start date coinciding with the submission deadline is impractical. Financing information is implicitly linked to the estimated value, but not explicitly detailed.

Contract start date coincides with submission deadline.
Limited explicit financing information.
Data Consistency90/100

Key fields such as title, reference, organization, value, and deadlines are populated. There are no reported disputes or suspensions. The dates provided are logical, with the contract duration aligning with the stated start and end dates.

Sustainability50/100

The tender does not explicitly mention green procurement, social aspects, or innovation. It is not indicated as EU funded. This lack of focus on sustainability aspects results in a moderate score.

No explicit mention of green procurement.
No explicit mention of social aspects.

Strengths

Clear description of requirements and objectives.
Use of e-procurement portal for submission.
Defined two-stage evaluation process.
Disclosure of estimated value and contract duration.

Concerns

Missing explicit evaluation criteria for Stage 2.
No content available for tender documents.
Contract start date coincides with submission deadline.

Recommendations

1. Provide explicit evaluation criteria for Stage 2.
2. Make tender document content accessible.
3. Adjust contract start date to be after the submission deadline.

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