Fund Accounting Software
Estimated value
—
Awarded value
—
Suppliers
0
Lots
1
Published
23 Mar 2026
This is a preliminary market engagement notice
Map the supplier landscape and document your shortlist before opening the tender. The market simulation produces a defensible audit record you can attach to your procurement file.
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.
Scope
- Reference
- WMPF26001
- Total value
- Above the relevant threshold
- Commercial tool
- Standalone contract
- Contract dates
- 28 Feb 2027 to 27 Feb 2030Possible extension to 27 Feb 2032
There is an option to extend by 2 x 12 months (a total of 5 year contract period)
- Main category
- goods
- CPV classifications
- 48440000
- Contract locations
- West Midlands, United Kingdom
- Particular suitability
- Small and medium-sized enterprises (SME)Voluntary, community and social enterprises (VCSE)
Award criteria
Criteria the buyer will use to evaluate bids.
| Name | Description | Type | Weighting |
|---|---|---|---|
| Quality | Quality (including Social Value & EDI) | quality | 50.00% |
| Price | — | price | 20.00% |
| Demonstration | — | quality | 30.00% |