Official UK procurement notice
WMPF26001 - Fund Accounting Software
Authority: Wolverhampton City Council (Local council)·On behalf of: West Midlands Pension Fund
What is being bought
Published requirement descriptionThe 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.
- The authority expects to re-tender this requirement around 27 Feb 2031, 23:59 GMT.
CPV: Accounting software package
The lotProcurement structure
single lot · value publishedLot #1RenewalPublished value£2,400,000
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published sub-criteria (3)
- Quality: 50%
- Demonstration: 30%
- Price: 20%
Published award criteria (3)
- Quality: Quality (including Social Value & EDI)
- Price
- Demonstration
- Price carries 20 of 100 points: a 10% discount moves about 2 points. The method statement decides this lot, not the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Open procedure
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Goods
- Notice status
- Closed
- Procurement threshold
- Above threshold (FTS publication)
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Yes · next expected 27 Feb 2031
- First published
- 23 Mar 2026, 14:40 GMT
- Last source update
- 25 Mar 2026, 15:44 GMT
- Award evaluation window
- Submission end – 15 Jun 2026
- Authority reference
WMPF26001- FTS notice number
2026/S 000-027459- Latest notice
- Tender notice (UK4)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-067193Find a Tender
How it was run
Official notice- Submission deadline
- 29 Apr 2026, 12:00 BST
- Electronic submission
- Allowed
- Accepted languages
- en
Timeline
23 Mar 2026 → 28 Feb 2027 · 5 dates- Planning notice published213 days ago23 Mar 2026, 14:40 GMT
- Tender notice published211 days ago25 Mar 2026, 15:44 GMT
- Submission deadline176 days ago29 Apr 2026, 12:00 BST
- Award decision expected by128 days ago15 Jun 2026, 23:59 BST
- Today22 Oct 2026
- Contract startsin 129 days28 Feb 2027
Notice history
6 events · 2 releases on Find a Tender · since 23 Mar 2026- Preliminary market engagement notice published23 Mar 2026, 14:40 GMTUK2
- Tender notice published25 Mar 2026, 15:44 GMTUK4
- Published value updated25 Mar 2026, 15:44 GMT
- Status changed to active25 Mar 2026, 15:44 GMT
- Procurement method changed25 Mar 2026, 15:44 GMT
- Deadline published: 29 Apr 2026, 12:00 BST25 Mar 2026, 15:44 GMT
Contracting authority & participating public bodies
2 public bodies on the noticeOther public bodies
- West Midlands Pension FundProcuring entityThis software is for WMPF
Official documents & specifications (2)
Official links; attachments are not copiedNotices published for this procedure
- Tender notice Tender notice on Find a Tender
- Preliminary market engagement notice Preliminary market engagement notice on Find a Tender