# Asset Life cycle Management Tool

> A sourced UK public sector contract award published by MANCHESTER METROPOLITAN UNIVERSITY.

## Key facts

- Buyer: [MANCHESTER METROPOLITAN UNIVERSITY](/buyers/manchester-metropolitan-university/contract-awards)
- Supplier: [Invida Ltd](/suppliers/invida/public-sector-contract-awards)
- Award value: £109,600
- Tender value: £109,600
- Award date: 13 July 2020
- Published: 16 September 2020
- Contract start: 31 July 2020
- Contract end: 30 July 2022
- Stage: awarded
- Procurement category: services
- Notice ID: fb459817-8199-44c2-9b83-e72f4301e1a3-381634
- OCID: ocds-b5fd17-47f30869-b607-4d8e-8b08-b6d460c6e2b3

## Description

The key requirements for the solution and support contract are as follows\. Non-functional Requirements: The software system shall allow the efficient handling and analysis of large volumes of data; provide tools to allow the identification and management of risk resulting from the potential failure of assets; and help to efficiently generate accurate financial forecasts for budgeting and procurement purposes\. The system shall be able to operate entirely stand-alone, or optionally integrate with other existing databases that may contain related asset information, such as the university's existing CAFM system, Planon, and; facilitate the continued gathering and verification of asset data in order to ensure records remain complete and accurate, avoiding the need to carry out large-scale and costly verification projects in the future\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/fb459817-8199-44c2-9b83-e72f4301e1a3-381634)