Purpose

Award of BACs Bureau Software Provision to
Finastra

Decision

A compliant procurement was
undertaken with an open tender advertised. Five organisations
submitted bids for the BACS bureau software. The organisations were
valued using the defined criteria in the Invitation to Tender
document and Finastra scored highest with 93.47% against the set
criteria.

Reasons for the decision

The contract for the BACS bureau software is due
renewal

Alternative options considered

Rolling contract where value for money could not be
proven