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FARO Tender Notice - Fund Analysis, Reporting & Order System

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Published March 9th, 2026

Detected March 10th, 2026

Summary

UK Government published a tender notice for the FARO system, a software solution for pension fund analysis, reporting, and order management. The contract, valued at £198,000, was directly awarded to MIRADOR SOLUTIONS CONSULTANCY LTD.

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What changed

The UK Government, through LONDON LGPS CIV LIMITED, has published a tender notice for the FARO system, which will provide fund analysis, reporting, and order management capabilities. The contract, valued at £198,000 including VAT, has been directly awarded to MIRADOR SOLUTIONS CONSULTANCY LTD due to intellectual property and technical reasons, citing the need for continuity of technical knowledge of the existing FARO codebase.

This notice serves as an award announcement for the consultancy services to design, develop, and implement the software. The contract has strict timelines, with the earliest signing date of April 18, 2026, and an estimated contract period from April 21, 2026, to July 1, 2026. Regulated entities involved in public procurement should note the direct award justification and the specific contract value and duration.

Source document (simplified)

Award

FARO - Fund Analysis, Reporting & Order system

LONDON LGPS CIV LIMITED UK5: Transparency notice - Procurement Act 2023 - view information about notice types

Notice identifier: 2026/S 000-021101

Procurement identifier (OCID): ocds-h6vhtk-0665c4

Published 9 March 2026, 9:26pm

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Scope Contract 1. FARO - Fund Analysis, Reporting & Order system Other information Procedure Supplier Contracting authority

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Reference

P00126

Description

Consultancy services to design, develop and implement a software system to perform pension fund analysis, reporting and order management capabilities.

Contract 1. FARO - Fund Analysis, Reporting & Order system

Supplier

MIRADOR SOLUTIONS CONSULTANCY LTD

Contract value

£198,000 including VAT Above the relevant threshold

Earliest date the contract will be signed

18 April 2026

Contract dates (estimated)

21 April 2026 to 1 July 2026
2 months, 11 days

Main procurement category

Services

CPV classifications

Financial consultancy, financial transaction processing and clearing-house services

Contract locations

UK - United Kingdom

Other information

Description of risks to contract performance

Strictly timeboxed: 20/04/2026-17/07/2026 (no automatic extensions).

Value cap: £165,000 ex VAT; variations subject to formal change control and approval.

Mandatory handover deliverables enabling transition to the competitively appointed support supplier.

Defined exit and transition obligations by 17th of July 2026.

Conflicts assessment prepared/revised

Yes

Procedure

Procedure type

Direct award

Direct award justification

Single supplier - intellectual property or exclusive rights
Single supplier - technical reasons LCIV intends to award the bridging contract directly under section 41 of the Procurement Act 2023 on the basis that a Schedule 5 single supplier justification applies

Rationale and Evidence (Single Supplier)

The evidence that only Mirador Solutions Limited can deliver within the bridging window includes:

Continuity of technical knowledge of the FARO codebase, architecture, environments and deployment pipeline.

Disproportionate time, cost and delivery risk associated with onboarding a new supplier mid-delivery and transferring partially complete artefacts.

The requirement is strictly time-critical to avoid delivery slippage and service disruption. The delivery timeline has been set by HM Government.