# Lease Management and Accounting System

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Nottinghamshire County Council](/buyers/nottinghamshire-county-council/contract-awards)
- Contract winner: Link Asset Services Limited
- Award value: £49,000
- Tender value: £80,000
- Award date: 21 January 2021
- Published: 23 February 2021
- Contract start: 12 February 2021
- Contract end: 31 March 2024
- Stage: awarded
- Procurement category: services
- Notice ID: b131911a-ca94-452e-8247-bb0f3feff35c-415139
- OCID: ocds-b5fd17-73ba1789-e63b-41d3-bdfd-58164b7457c5

## Description

Nottinghamshire County Council \(NCC\) is required to adopt the new accounting standard IFRS16, Leases, which replaces IAS 17 Leases and its related interpretations\. It will apply to the 2021/22 financial statements, with a number of disclosure requirements required showing the impact of the new standard within the 2020/21 financial statements\. Therefore, NCC require a solution to record these leases and undertake these calculations\. Our requirement is to buy a Lease Management and Accounting System that facilitates this\. NCC is moving to Cloud based solutions and therefore we are looking for a software as a service \(SAAS\) solution\. Additional information: Tender documentation available at www\.eastmidstenders\.org

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/b131911a-ca94-452e-8247-bb0f3feff35c-415139)