Awarded contract

UNITED KINGDOM DEBT MANAGEMENT OFFICE (DMO) TRADING SYSTEMS REPLACEMENT

Details

Supplier(s)
FIS AvantGard LLC
Value
£9,000,000
Duration
10 years
Topic
Software package and information systems
Published
7 June 2018

Tender description

The DMO is an Executive Agency of Her Majesty's Treasury. The DMO's responsibilities include debt and cash management for the UK Government, lending to local authorities and managing certain public sector funds. The DMO requirement is for the consolidation of a number of its financial trading systems. The new solution will include, but is not limited to, dealing, cash flow forecasting, loans and investment management, risk and collateral management, settlement, financial accounting, price/yield calculation and reconciliation and ancillary services.

Timeline

  1. Completed: Award date8 March 2018
  2. Completed: Award published7 June 2018
    Current notice
  3. Next: Contract expiry date9 March 2028in 16 months

About the buyer

The Government Commercial Agency (CCS) is the UK's central buying body, renamed from the Crown Commercial Service in April 2026. As CCS, it ran national buying agreements for public and non-profit bodies across the UK. Government departments and local authorities drew on it as a shared procurement route. Buyers reached suppliers through frameworks, dynamic purchasing systems, dynamic markets and catalogues. Suppliers paid a commission on sales rather than a fee to join.

Over the past 5 years, most of CCS's contract awards have been in business services, IT services and software and information systems.

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Decision makers

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