"The UK's Royal Household plans to spend £3 million ($4 million) on a new finance system to replace one that is more than 15 years old, the Buckingham Palace-based organization said in a procurement notice published on May 7."
"King Charles III gets to announce the British government's overall plans at the start of each parliamentary term but also has his own miniature civil service in the shape of the Royal Household, described by the procurement notice as a "public undertaking (commercial organization subject to public authority oversight).""
"The household received £86.3 million ($116 million) in taxpayers' money in 2024-25, known as the Sovereign Grant, and generated a further £21.5 million ($29 million) from activities including tours of Buckingham Palace."
"It now plans to award a contract for financial software, implementation, training, and support, initially for five years from September 30, 2026, with a possible two-year extension, covering the household and a number of affiliated organizations."
The Royal Household, a Buckingham Palace-based public undertaking overseen by public authority, plans to spend £3 million on a new finance system to replace one more than 15 years old. The household receives £86.3 million in taxpayer funding in 2024-25 through the Sovereign Grant and generates additional income from activities such as tours. The procurement notice states that the household contacted suppliers using government commercial frameworks and now intends to award a contract for financial software, implementation, training, and support. The contract is planned to start September 30, 2026, run for five years, and include a possible two-year extension. The scope covers the household and affiliated organizations.
#uk-royal-household #public-sector-procurement #finance-systems #government-contracting #sovereign-grant
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