RFP QuestBeta
Awarded · ResultStage · contract

ESSEX COUNTY COUNCIL

Lease Accounting System

Software & IT SystemsCPV 48444000
Value£95k
Awarded22 Oct 2024
Published31 Oct 2024
RegionEast of England
Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£95ktotal contract value
median £91k
this tender£0£1.1m

This sits in the upper-middle of the Software & IT Systems band — a substantial contract for the sector. Based on 30,286 valued Software & IT Systems tenders in our corpus.

The brief

A software system that has the functionality to hold details of the Council's leasing arrangements where the Council is either lessee or lessor.

The system will need to calculate the year end lease accounting entries (journals) such as recognition of lease liabilities and Right Of Use remeasurement of lease liabilities, write down of lease liabilities.

The system will need to be compliant with the requirements of the International Financial Reporting Standard 16 (IFRS16) for local authorities.

Awarded via G-Cloud 13.

Key requirements

What the supplier must deliver

01

The system will need to calculate

The system will need to calculate the year end lease accounting entries (journals) such as recognition of lease liabilities and Right Of Use remeasurement of lease liabilities, write down of lease liabilities.

02

The system will need to be compliant

The system will need to be compliant with the requirements of the International Financial Reporting Standard 16 (IFRS16) for local authorities.

Derived from the notice text — always confirm against the original documents.

What this bid requires

Skills, tools & certifications

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Buyer intelligence

Make the case to bid

Reveal who to approach at ESSEX COUNTY COUNCIL, and generate a go-to-market strategy from their news, accounts and people.

Source & provenance
OCID
cc7bafac-a94a-4d62-8152-c0057ab7a523
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
CO0567
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

Market context

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