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Asset Management

Published Today

29 Oct 2026

Tyne and Wear Passenger Transport Executive T/A Nexus

Primary CPV: 48000000 *
Software package and information systems
Location: 🇬🇧 North East
Value: No value specified
Contract: 5.8 years Duration
29/09/2026 30/06/2032
Contract Types: 48 *Software packages & information systems
Full CPV Breakdown
SME suitable: Not stated

Publisher Address

The Spark, Newcastle Helix, St James Boulevard, Newcastle upon Tyne, NE4 5DE, United Kingdom · UKC

Contact

tenders@nexus.org.uk

Award Criteria

Not specified

FULL DOCUMENTATION

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Same CPV code

48000000 *

All notices with this CPV code

Reference: NEX25/26

The provision of a new Asset Management System to replace its existing Asset Management System with a modern, robust solution. The current system has reached its operational limits, hindering efficiency, data accuracy and overall asset management effectiveness.

Awarded to

IFS ULTIMO LTD

Full CPV breakdown

48000000 — Software package and information systems (primary)

Notice details

Buyer type: Other public body
Competition: Direct award (no competition)
Contract type: Goods
Winning supplier: Large company
Procurement method: Direct award
Main category: Goods
Legal basis: UKPGA 2023/54
Notice status: Complete
Award status: Active
Reserved / special regime: Utilities
Language: EN
Published: 29 Oct 2026 11:24
OCID: ocds-h6vhtk-056552
Notice ID: NEX25/26

Organisations on this notice

IFS ULTIMO LTD

Supplier Large

Bourne House Lotus Park, Staines-Upon-Thames, TW18 3AG, United Kingdom

sales@ultimo.com

www.ultimo.com/

GB-COH 11265696

Full notice record

56 details

Everything the publisher included in this notice, organised by section.

Organisations

Party 1 › Name	Tyne and Wear Passenger Transport Executive T/A Nexus
Party 1 › Address › Street	The Spark, Newcastle Helix, St James Boulevard
Party 1 › Address › Town / city	Newcastle upon Tyne
Party 1 › Address › Postcode	NE4 5DE
Party 1 › Address › Country	GB
Party 1 › Address › Country	United Kingdom
Party 1 › Address › Region (NUTS)	UKC22
Party 1 › Contact › Email	tenders@nexus.org.uk
Party 1 › Role	buyer
Party 1 › Classification › Description	Public undertaking
Party 2 › Name	IFS ULTIMO LTD
Party 2 › Address › Street	Bourne House Lotus Park
Party 2 › Address › Town / city	Staines-Upon-Thames
Party 2 › Address › Postcode	TW18 3AG
Party 2 › Address › Country	GB
Party 2 › Address › Country	United Kingdom
Party 2 › Address › Region (NUTS)	UKJ25
Party 2 › Contact › Email	sales@ultimo.com
Party 2 › Role	supplier
Party 2 › Link	https://www.ultimo.com/
Party 2 › Business size	large
Party 2 › VCSEs	No
Party 2 › Public service mission organisation	No
Party 2 › Sheltered workshop	No

Buyer

Name	Tyne and Wear Passenger Transport Executive T/A Nexus

Tender

Title	Asset Management
Description	The provision of a new Asset Management System to replace its existing Asset Management System with a modern, robust solution. The current system has reached its operational limits, hindering efficiency, data accuracy and overall asset management effectiveness.
Status	complete
Procedure type	direct
Procedure	Direct award
Special regime	utilities
Lot › Status	complete
Document › Document type	Conflict of interest
Document › Description	Not published

Awards

Status	active
Category	goods
Supplier › Name	IFS ULTIMO LTD
Item › CPV › Description	Software package and information systems
Item › Delivery › Region (NUTS)	UKC
Item › Delivery › Country	GB
Item › Delivery › Country	United Kingdom

Contracts

Status	active
Contract period › Start	29 Sep 2026
Contract period › End	30 Jun 2032
Contract period › Can be extended to	30 Jun 2035
Can be renewed	Yes
Renewal › Description	The Agreement makes provision for further extensions for a subsequent period of one year to three years, as mutually agreed between the Parties unless the subscription is terminated by either Party by at least three 3 calendar months written notice before the end of the Initial Period or then current Renewal Period, as applicable.
Value › Value incl. VAT	£1,757,847.60
Value › Currency	GBP
Above threshold	Yes
Signed	29 Sep 2026
No Agreed Metrics Rationale	The contracting authority considers that performance could not appropriately be assessed using KPIs.
Document › Document type	Contract notice
Document › Description	Contract details notice on Find a Tender
Document › Link	https://www.find-tender.service.gov.uk/Notice/102517-2026
Document › Published	29 Oct 2026

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