Award

Software Licence Renewal

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

20 Nov 2024 at 12:11

Summary of the contracting process

The Bank of England has completed a public procurement process titled "Software Licence Renewal" under the industry category of software package utilities. This procurement falls within the services category, and the project is confined to the United Kingdom, specifically England. The procurement stage is at the Award level, with the awarding process completed on 17th October 2024. The call-off from a framework agreement was the selected procurement method. The contract, valued at £65,952, commenced on 8th November 2024 with an end date of 7th November 2025.

This procurement presents significant growth opportunities for businesses specialising in software utility packages, particularly those with prior framework agreements. Due to the selective procurement method, businesses that are already geared towards serving large institutions like the Bank of England and can meet the criteria of call-off contracts will be well-positioned to compete. Small and medium enterprises (SMEs) are deemed suitable for this tender, providing an inclusive opportunity for smaller scale companies looking to expand their client base in the financial sector.

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Notice Title

Software Licence Renewal

Notice Description

Software Licence Renewal

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0ae12362-dd53-4ef0-b7c2-ac9233316ae3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6f13ec3a-b1e2-4ace-b32e-dd118be5aa5b
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48700000 - Software package utilities

Notice Value(s)

Tender Value
£65,952 Under £100K
Lots Value
Not specified
Awards Value
£65,952 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Nov 20241 years ago
Submission Deadline
14 Oct 2024Expired
Future Notice Date
Not specified
Award Date
16 Oct 20241 years ago
Contract Period
8 Nov 2024 - 7 Nov 2025 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC2R 8AH
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

SOFTCAT

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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