Award

Technology Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

18 Nov 2024 at 09:36

Award Notice
Summary of the contracting process

The BANK OF ENGLAND has completed its procurement process for "Technology Services" in the category of "Software package and information systems" (CPV 48000000). The procurement, conducted via a selective method as a call-off from a framework agreement, covers services to be provided in London, United Kingdom. The tender period ended on 18th March 2024, with the contract period spanning from 4th June 2024 to 3rd December 2027. The total value of the contract is £11,579,210, and the award was finalized on 17th April 2024.

This tender offers significant business growth opportunities, especially for organisations experienced in providing comprehensive technology services. Large businesses that specialise in software development and information systems will find this contract well-suited to their capabilities, given the contract's substantial value and duration. The awarded supplier, Mastek UK Ltd, is an example of a large-scale firm poised to benefit from such a governmental contract, highlighting opportunities for similar firms to win similar tenders in future procurement exercises.

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Notice Information

Notice Title

Technology Services

Notice Description

Technology Services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-110435f7-78e5-41a3-8e7a-5d3e6cf34685
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/635816ca-062c-46de-9c8a-1f6b07db211b
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48000000 - Software package and information systems

Notice Value(s)

Tender Value
£1,672,770 £1M-£10M
Lots Value
Not specified
Awards Value
£11,579,210 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20241 years ago
Submission Deadline
18 Mar 2024Expired
Future Notice Date
Not specified
Award Date
16 Apr 20241 years ago
Contract Period
3 Jun 2024 - 3 Dec 2027 3-4 years
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

MASTEK

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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