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Find a TenderAwarded without competitionContract details notice
Published 8 May 2025, 09:47 BST

Official UK procurement notice

2526-0056 Financial Risk Management Solution

Official notice

Authority: Islington Council (Local council)

Below threshold - without competition
Sectors: IT Services & Software (72) Delivery: North East (UKC)North West (UKD)Yorkshire & Humber (UKE)
+6 moreEast Midlands (UKF)West Midlands (UKG)East of England (UKH)London (UKI)South East (UKJ)South West (UKK)
Awarded value£75,240published contract · exc. VAT
Awarded 29 Apr 2025no call for competition
Awarded to Fiscal Technologies Ltd

What is being bought

Published requirement description

Utilising AI and Machine Learning to forensically analyse payment and supplier data prior to payment

The lotProcurement structure

single lot · no lot value published
Lot #1Awarded
Delivery: North East, North West, Yorkshire & Humber, East Midlands, West Midlands, East of England, London, South East, South West
72500000 Computer-related services

Procedure terms & legal framework

From the official record
Procedure method
Below threshold - without competition
Legal basis
UKPGA · 2023/54 Procurement Act 2023
Notice status
Awarded without competition
Procurement threshold
Unspecified in notice
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Direct award (no call for competition)
GPA / WTO covered
Unspecified in notice
Recurring procurement
Unspecified in notice
First published
8 May 2025, 09:47 BST
Last source update
8 May 2025, 09:47 BST
Authority reference
2526-0056 Financial Risk Management Solution
FTS notice number
2025/S 000-019575
Latest notice
Contract details notice (UK7)
Delivery area
North East (UKC)North West (UKD)Yorkshire & Humber (UKE)East Midlands (UKF)West Midlands (UKG)East of England (UKH)London (UKI)South East (UKJ)
+1 moreSouth West (UKK)
Official registry OCID
ocds-h6vhtk-050e5e Find a Tender

Notice history

1 event · 1 release on Find a Tender
  1. Contract details notice published
    8 May 2025, 09:47 BST
    UK7

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £75,2401 contract exc. VAT
Contracts signed 1latest 29 Apr 2025
Awarded toValueDateStatus
Fiscal Technologies Ltd£75,240 †—Awarded

Contracts

  • 2526-0056 Financial Risk Management Solution · Fiscal Technologies Ltd

    Signed
    29 Apr 2025
    Value
    £75,240
    Period
    29 Apr 2025 – 29 Apr 2028 · up to 29 Apr 2029 with extensions
    Status
    active
    Extensions
    Contract can be extended by the Buyer for one period of up to 12 months, by giving the Supplier 3 months written notice before its expiry. The extension period is subject to clauses 1.3 and 1.4 in Part B below.

Contracting authority & participating public bodies

London Borough of Islington

Contracting authorityPublic authority - sub-central government GB-PPON: PBMD-2513-CWJJ Islington Town Hall, Upper Street, Islington, London, London, N1 2UDContact email

Bidders & participating suppliers

1 commercial party on the notice
  • FISCAL TECHNOLOGIES LTD.Awarded supplier 448 Basingstoke Road, Reading, South East, RG2 0LPContact email

Official documents & specifications (1)

Official links; attachments are not copied

Notices published for this procedure