AWARD OUTCOME
What happened
London Metropolitan University awarded and signed a direct, below-threshold contract for the TARGETconnect annual subscription (2026–2029) with GTI FUTURES LIMITED.
Published outcomeGTI FUTURES LIMITED is the sole named supplier for award 1 and contract 1. The contract is recorded as active.
Market significanceThis is a £61,995 net (£74,394 gross) subscription-services contract awarded without competition.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
GTI FUTURES LIMITED
98% confidenceAward 1 · Lots 1 · £61,995 net; £74,394 gross GBP · Active
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Award 1 names GTI FUTURES LIMITED as supplier and is linked to lot 1. Contract 1, linked to award 1, states GBP amount £61,995 and gross amount £74,394. As there is one supplier and one linked award, these contract values are reported for that supplier relationship.
LIFECYCLE
Award or contract stage
Notice type
99% confidenceContract details notice on Find a Tender
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Document 098034-2026 is described as a "Contract details notice on Find a Tender".
Procurement status
98% confidenceComplete
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The tender status is "complete" and lot 1 status is "complete".
Award status
98% confidenceActive
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Award 1 has status "active".
Contract status
99% confidenceActive and signed
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Contract 1 has status "active" and dateSigned of 19 March 2026.
VALUES
Published values explained
Contract value (net)
99% confidence£61,995
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Contract 1 value.amount is 61995 GBP.
Contract value (gross)
99% confidence£74,394
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Contract 1 value.amountGross is 74394 GBP.
TIMELINE
Procurement timeline
Contract signed
99% confidence19 March 2026
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Contract 1 dateSigned is 2026-03-19T00:00:00Z.
Contract start
99% confidence19 March 2026
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Contract 1 period.startDate is 2026-03-19T00:00:00Z.
Contract end
99% confidence18 March 2029
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Contract 1 period.endDate is 2029-03-18T23:59:59Z.
Notice published
99% confidence16 October 2026
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The contract-details notice was published at 2026-10-16T14:50:28+01:00.
SCOPE
What was awarded
Requirement
99% confidenceTARGETconnect annual subscription, 2026–2029
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The tender title is "TARGETconnect" and description is "TARGETconnect Annual subscription 2026-2029".
Procurement category
98% confidenceServices
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Award 1 mainProcurementCategory is "services".
Classification
99% confidenceCPV 79980000 — Subscription services
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The award item lists additional classification CPV 79980000, described as "Subscription services".
Delivery location
95% confidenceUnited Kingdom
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The award item delivery address has region UK and country GB.
PROCEDURE
Procedure and competition
Procurement method
99% confidenceDirect
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The tender procurementMethod is "direct".
Competition approach
99% confidenceBelow threshold — without competition
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The tender procurementMethodDetails is "Below threshold - without competition".
Above-threshold status
99% confidenceNo
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Contract 1 aboveThreshold is false.
CONTRACT TERMS
Published contract terms
Term
99% confidence3 years
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The contract period runs from 19 March 2026 to 18 March 2029.
Extension or renewal options
98% confidenceUnknown
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Information not supplied in the published notice.
COMMERCIAL VIEW
Commercial observations
Route-to-market observation
99% confidenceThe buyer used a direct below-threshold route without competition for a three-year subscription-services requirement.
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The notice states "direct" and "Below threshold - without competition"; the contract period is 19 March 2026 to 18 March 2029.
Value basis
99% confidenceBoth net and gross contract values are published.
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Contract 1 provides amount £61,995 and amountGross £74,394 in GBP.
DATA QUALITY
Gaps and source limitations
Supplier identity quality
99% confidenceVerified
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The supplier was matched by company number to verified company name GTI FUTURES LIMITED, number 02347472.
Lot detail
99% confidenceLot 1 has no published title, description or separate value.
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Lot 1 is identified and complete, but its title, description and value fields are null.
Award decision date
99% confidenceNot published
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Award 1 has no award_date value.
Evaluation and competition data
98% confidenceNot published
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Information not supplied in the published notice, including bid counts, evaluation information and award rationale.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- Lot 1 has no published title, description or individual value.
- The published record does not provide an award decision date.
- Information on bid counts, evaluation, award rationale, pricing breakdown and renewal or extension options was not supplied in the published notice.
MARKET THEMES
Relevant award themes
TARGETconnectLondon Metropolitan UniversityGTI FUTURES LIMITEDsubscription servicesdirect awardpublic procurement
COMMON QUESTIONS
About this award
Who won the TARGETconnect contract?
GTI FUTURES LIMITED, company number 02347472, is the named supplier for award 1.
What is the value of the contract?
The published contract value is £61,995 net and £74,394 gross, in GBP.
When does the TARGETconnect contract run?
It starts on 19 March 2026 and ends on 18 March 2029.
Was the contract competed?
The notice records a direct, below-threshold procurement without competition.
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.