Award

BACS Payment System

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

07 Jul 2022 at 13:27

Award Notice
Summary of the contracting process

The Bank of England has completed procurement for a BACS Payment System, focused on licenses for BACS Fixed Internet Connectivity. This project falls under the IT services industry category and was conducted through a direct procurement method, specifically a single tender action below the threshold. The contract, valued at £45,821, was awarded on 1 December 2020 and is valid until 31 December 2021. The service was delivered to a location in London, United Kingdom.

This tender represents a significant opportunity for small and medium-sized enterprises (SMEs) in the IT services sector, particularly those specialising in consulting and software development. Businesses with expertise in internet connectivity and payment systems may find this contract aligns well with their service offerings, allowing them to expand their portfolio and potentially jumpstart future collaborations with a reputable buyer like the Bank of England.

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Notice Information

Notice Title

BACS Payment System

Notice Description

Licenses for BACS Fixed Internet Connectivity

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0f5b43fc-0c4a-486a-812a-5b4dc88f3175
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0620223c-e494-4220-8fba-2c93ab188322
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£45,821 Under £100K
Lots Value
Not specified
Awards Value
£45,821 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Jul 20223 years ago
Submission Deadline
1 Dec 2020Expired
Future Notice Date
Not specified
Award Date
1 Dec 20205 years ago
Contract Period
1 Jan 2021 - 31 Dec 2021 6-12 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

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

Supplier Information

Number of Suppliers
1
Supplier Name

VOCALINK

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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