# GMCA 1438 IFRS 16 Software

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

## Key facts

- Public buyer: [Greater Manchester Combined Authority](/buyers/greater-manchester-combined-authority/contract-awards)
- Contract winner: [Softcat Plc](/contract-winners/softcat/public-sector-contract-awards)
- Award value: £70,560
- Tender value: £70,560
- Award date: 19 March 2025
- Published: 5 June 2025
- Contract start: 1 April 2025
- Contract end: 31 May 2028
- Stage: awarded
- Procurement category: services
- Notice ID: 9b4e9d6b-9270-4b14-b1c6-00cd01e897fb-848277
- OCID: ocds-b5fd17-b60a7790-959b-4c83-80aa-9273f52de435

## Description

IFRS 16 is a new accounting standard for leases with mandatory adoption in local government from 1st April 2024\. This accounting standard introduces new requirements in relation to the recording and reporting of leases\. New software is required in order to meet these complex requirements, which have outgrown the use of in-house spreadsheets\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/9b4e9d6b-9270-4b14-b1c6-00cd01e897fb-848277)