AWARD OUTCOME
What happened
UK Export Finance has awarded and signed a direct-award contract for an FRC Programme Manager with MILLENNIUM BUSINESS TECHNOLOGY LIMITED. The signed contract starts on 15 October 2026, with an initial end date of 4 October 2027 and potential extension to 4 April 2028.
Published outcomeOne active award (award ID 1) was made to MILLENNIUM BUSINESS TECHNOLOGY LIMITED for lot 1.
Market significanceThis is a direct award justified by the buyer on single-supplier technical grounds. The published maximum contract value is £516,750 excluding VAT, including options for additional services and an extension.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
MILLENNIUM BUSINESS TECHNOLOGY LIMITED
99% confidenceAward 1 · Lots 1 · £516,750 excluding VAT; £620,100 including VAT GBP · Verified supplier; active award and contract
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Award ID 1 identifies supplier GB-COH-03042752. Supplier verification matched company number 03042752 and verified the legal name. Contract value is shared at contract/award level; this is the sole supplier and sole listed lot.
LIFECYCLE
Award or contract stage
Procurement status
99% confidenceComplete tender; active award and active contract
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Tender status is "complete"; award ID 1 and contract ID 1 are each recorded as "active".
Contract signature
99% confidenceSigned on 5 October 2026
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Contract ID 1 records dateSigned as 2026-10-05.
Contract start
99% confidence15 October 2026
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Contract period startDate is 2026-10-15.
VALUES
Published values explained
Initial contract value
98% confidence£344,500 excluding VAT; £413,400 including VAT
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The renewal/options description states the contract is set at an initial value of £344,500 excluding VAT (£413,400 including VAT).
Published contract maximum
99% confidence£516,750 excluding VAT; £620,100 including VAT
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Contract value records amount £516,750 and gross amount £620,100; the published description says this total permits additional services.
Value basis
98% confidenceMaximum value includes optional additional services and extension capacity
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The contract's renewal/options description states the value may increase to £516,750 excluding VAT to purchase additional services, alongside an extension option.
TIMELINE
Procurement timeline
Transparency notice
99% confidence2 October 2026, 15:24 BST
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Release history records transparency notice 093458-2026 on 2026-10-02T15:24:07+01:00.
Contract award notice
99% confidence2 October 2026, 15:36 BST
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Release history records contract award notice 093471-2026 on 2026-10-02T15:36:30+01:00.
Award date
99% confidence2 October 2026
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Award ID 1 records award_date as 2026-10-02.
Contract signed
99% confidence5 October 2026
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Contract ID 1 records dateSigned as 2026-10-05.
Initial contract end
99% confidence4 October 2027
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Contract period endDate is 2027-10-04; the renewal description also identifies this as the initial end date.
Maximum possible end
99% confidence4 April 2028
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Contract maxExtentDate is 2028-04-04 and the renewal description permits extension of up to six months.
Contract details notice published
99% confidence14 October 2026
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Contract details notice 096845-2026 has datePublished 2026-10-14.
SCOPE
What was awarded
Requirement
99% confidenceProvision of an FRC Programme Manager
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The tender and contract title/description state "FRC Programme Manager" and "Provision of a FRC Programme Manager".
Procurement category
99% confidenceServices
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Award ID 1 records mainProcurementCategory as services.
CPV classification
99% confidence79620000 — Supply services of personnel including temporary staff
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Award item 1 includes CPV 79620000.
Delivery geography
95% confidenceUnited Kingdom
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Award item delivery address specifies region UK and country GB.
Lot structure
99% confidenceOne completed lot (lot 1)
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Tender data lists one lot, ID 1, with status complete; award ID 1 relates to lot 1.
PROCEDURE
Procedure and competition
Procedure
99% confidenceDirect award
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Tender procurementMethod is "direct" and procurementMethodDetails is "Direct award".
Published direct-award rationale
98% confidenceSingle supplier for technical reasons
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The buyer cites Section 41 of the Procurement Act 2023 and Schedule 5 paragraph 6, stating MILLENNIUM BUSINESS TECHNOLOGY LIMITED was the only organisation with the specialist personnel required for UKEF-specific financial systems and reporting requirements, with no reasonable alternative route or framework.
Competition information
99% confidenceNot published
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Information on competing suppliers, bids, scores and evaluation is not supplied in the published notice data.
CONTRACT TERMS
Published contract terms
Initial term
99% confidence15 October 2026 to 4 October 2027
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Contract period startDate is 2026-10-15 and endDate is 2027-10-04.
Extension option
99% confidenceUp to six months
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The renewal and options descriptions state that the contract may be extended by up to six months after 4 October 2027.
Maximum term
99% confidenceTo 4 April 2028
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Contract maxExtentDate is 2028-04-04.
Additional-services option
98% confidenceValue may increase from the initial value to the published maximum for additional services
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The options description states the total value may increase to £516,750 excluding VAT to allow purchase of additional services detailed in the contract.
Performance metrics
97% confidenceNo agreed KPIs reported
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The contract states KPIs are not mandated for reporting on contracts below £5,000,000 including VAT.
COMMERCIAL VIEW
Commercial observations
Route-to-market signal
96% confidenceSpecialist continuity requirement rather than an openly competed opportunity
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The buyer used a direct award and stated that only the named supplier had personnel with the technical specialism required for UKEF financial systems and reporting requirements.
Spend interpretation
98% confidenceThe published maximum is not necessarily committed spend
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The notice distinguishes an initial value of £344,500 excluding VAT from a maximum of £516,750 excluding VAT, with the increase tied to optional additional services and extension capacity.
DATA QUALITY
Gaps and source limitations
Award and contract evidence
98% confidenceHigh-quality published contract data
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The notice provides an active award, active contract, explicit signature date, start and end dates, maximum extension date, supplier identifier and contract values.
Supplier identity
99% confidenceVerified
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Supplier verification matched source company number 03042752 to verified legal name MILLENNIUM BUSINESS TECHNOLOGY LIMITED; no name mismatch is recorded.
Lot-level detail
99% confidenceLot title, description and individual lot value not supplied
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Lot 1 is identified and linked to the award, but its title, description and value fields are null.
Competition and evaluation detail
99% confidenceInformation not supplied in the published notice
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No bid count, bidder list, award scoring or evaluation detail is provided.
Conflict-of-interest document
99% confidenceNot published
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The tender documents list the conflict-of-interest document as "Not published".
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- Lot 1 has no published title, description or individual value.
- Information on bids, competing suppliers, evaluation, scoring and savings is not supplied in the published notice.
- The published maximum value includes optional extension and additional-services capacity; actual spend is not reported.
- The conflict-of-interest document is recorded as not published.
- No detailed statement of deliverables, pricing breakdown or service-level terms is supplied.
MARKET THEMES
Relevant award themes
UK Export FinanceMILLENNIUM BUSINESS TECHNOLOGY LIMITEDFRC Programme Managerdirect awardProcurement Act 2023programme managementtemporary personnel services
COMMON QUESTIONS
About this award
Who won the UK Export Finance FRC Programme Manager contract?
MILLENNIUM BUSINESS TECHNOLOGY LIMITED, verified against company number 03042752.
What is the value of the FRC Programme Manager contract?
The initial value is £344,500 excluding VAT. The published maximum is £516,750 excluding VAT (£620,100 including VAT), including options.
Was the contract signed?
Yes. The contract record states that it was signed on 5 October 2026.
When does the contract end?
The initial end date is 4 October 2027. An option may extend it by up to six months, to 4 April 2028.
Why was a direct award used?
UK Export Finance stated that the single-supplier technical-reasons justification applied because the named supplier was considered the only organisation with the specialist personnel required for its financial systems and reporting requirements.
ProcuraAxis award analysis supplements, but does not replace, the official award notice, contract data or procurement documents. “Awarded” does not by itself prove that a contract has been signed.