# Investment Management System \("IMS"\)

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

## Key facts

- Public buyer: [British Business Bank](/buyers/british-business-bank/contract-awards)
- Contract winner: eFront Limited
- Award value: £890,000
- Tender value: £890,000
- Award date: 31 March 2023
- Published: 5 April 2023
- Contract start: 3 April 2023
- Contract end: 2 April 2027
- Stage: awarded
- Procurement category: services
- Notice ID: dbdf7a47-99d0-40e8-b42a-4f60013a67c6-632522
- OCID: ocds-b5fd17-cdc70b68-9160-4508-88a5-f24b7c5b9a6c

## Description

The Authority has awarded an investment management system \("IMS"\) contract \("Contract"\) to BlackRock, relying on the exemption in Regulation 32\(2\)\(b\)\(ii\) of the Public Contracts Regulations 2015 to use the negotiated procedure without prior publication, on the basis that competition is absent for technical reasons\. The IMS will allow the Authority to manage the full investment administration cycle of its debt and equity portfolio \("Portfolio"\)\. The Contract covers implementation, migration support, professional services, licensing, and maintenance\.

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- [GB-Sheffield: Controls Testing - RM6130 - Audit and Assurance Services Two \(A&AS2\)](/contracts/ocds-b5fd17-7c374ad2-adce-4fbd-b209-05e3be017a97): British Business Bank
- [GB-Sheffield: M&G Third Party Administration Support](/contracts/ocds-b5fd17-53c20686-804c-4d66-9758-8a09a64d169b): British Business Bank

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/dbdf7a47-99d0-40e8-b42a-4f60013a67c6-632522)