Scope
Reference
2526-0056 Financial Risk Management Solution
Description
Utilising AI and Machine Learning to forensically analyse payment and supplier data prior to payment
Contract 1. 2526-0056 Financial Risk Management Solution
Supplier
Contract value
- £75,240 excluding VAT
- £90,288 including VAT
Below the relevant threshold
Date signed
29 April 2025
Contract dates
- 29 April 2025 to 29 April 2028
- Possible extension to 29 April 2029
- 4 years, 1 day
Description of possible extension:
Contract can be extended by the Buyer for one period of up to 12 months, by giving the Supplier 3 months written notice before its expiry. The extension period is subject to clauses 1.3 and 1.4 in Part B below.
Main procurement category
Services
CPV classifications
- 72500000 - Computer-related services
Contract locations
- UKC - North East (England)
- UKD - North West (England)
- UKE - Yorkshire and the Humber
- UKF - East Midlands (England)
- UKG - West Midlands (England)
- UKH - East of England
- UKI - London
- UKJ - South East (England)
- UKK - South West (England)
Procedure
Procedure type
Below threshold - without competition
Supplier
FISCAL TECHNOLOGIES LTD.
448 Basingstoke Road
Reading
RG2 0LP
United Kingdom
Email: ssmith@fiscaltec.com
Region: UKJ11 - Berkshire
Small or medium-sized enterprise (SME): Yes
Voluntary, community or social enterprise (VCSE): No
Contract 1. 2526-0056 Financial Risk Management Solution
Contracting authority
London Borough of Islington
- Public Procurement Organisation Number: PBMD-2513-CWJJ
Islington Town Hall, Upper Street, Islington
London
N1 2UD
United Kingdom
Region: UKI43 - Haringey and Islington
Organisation type: Public authority - sub-central government