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Summary
Resources and Innovation approved the award of contract to Oracle Corporation UK Limited for the Enterprise Performance Management (EPM) Financial management solution. The contract will commence on 1st October 2026 for 2.5 years, with an option to extend for up to one year, totalling £396,303 excluding VAT. A 10% contingency allowance for minor changes in user numbers may be applied, bringing the maximum value to £435,933 excluding VAT.
Full council record
Purpose
The contract will secure subscription access to the Oracle EPM cloud service. The proposed solution meets the Council's requirements for budget setting, budget monitoring, workforce planning, forecasting, reporting, workflow and governance whilst providing a scalable platform capable of supporting future enhancements.
Decision
The award of contract to Oracle Corporation UK Limited for provision of the Enterprise Performance Management (EPM) Financial management solution to commence on 1st Oct 2026 for a period of 2.5 years until 31st March 2029 with an option to extend for up to one year. The total value of the contract including any options to extend is £396,303 (Exc VAT) In addition to this, the inclusion of a 10% contingency allowance to be applied to the contract if required, for minor changes in user numbers. The maximum value of the contract should the contingency be applied is £435,933 (Exc VAT).
Details
| Outcome | Recommendations Approved |