Award

ABACUS & IMS licenses and support

BANK OF ENGLAND

This public procurement record has 2 releases in its history.

Award

29 Sep 2023 at 11:47

Award Notice
Award

05 Jan 2023 at 17:44

Award Notice
Summary of the contracting process

The Bank of England has awarded a contract for the provision of ABACUS & IMS licenses and support services. The contract, with a value of £30,500 in GBP, was awarded on 1st July 2022 and will run until 30th June 2023. The tender was directly procured using a single tender action below the threshold. The buying organisation is the Bank of England, located in London, England, within the services industry category.

This tender opportunity presents a chance for SMEs looking to provide software package and information systems services to compete. The contract period offers potential for business growth and collaboration with the Bank of England. Businesses specialising in technology contracts and software services would be well-suited to compete for this procurement opportunity.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

ABACUS & IMS licenses and support

Notice Description

Provision of ABACUS & IMS licenses and support services.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-285289b8-85c1-4cdb-8c8e-6452f5d7af65
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e45b78b0-3298-4e2c-b218-650ebe31cfbd
Current Stage
Award
All Stages
Award

Procurement Classification

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

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
£41,427 Under £100K
Lots Value
Not specified
Awards Value
£71,927 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
29 Sep 20232 years ago
Submission Deadline
30 Jun 2023Expired
Future Notice Date
Not specified
Award Date
30 Jun 20223 years ago
Contract Period
30 Jun 2023 - 30 Jun 2025 2-3 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
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

OPTIAL

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-285289b8-85c1-4cdb-8c8e-6452f5d7af65-2023-09-29T12:47:41+01:00",
    "date": "2023-09-29T12:47:41+01:00",
    "ocid": "ocds-b5fd17-285289b8-85c1-4cdb-8c8e-6452f5d7af65",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "CON/1000658",
        "title": "ABACUS & IMS licenses and support",
        "description": "Provision of ABACUS & IMS licenses and support services.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "48000000",
            "description": "Software package and information systems"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 41427,
            "currency": "GBP"
        },
        "procurementMethod": "direct",
        "procurementMethodDetails": "Single tender action (below threshold)",
        "tenderPeriod": {
            "endDate": "2023-06-30T17:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2023-07-01T00:00:00+01:00",
            "endDate": "2025-06-30T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/9yt6Qa35",
            "name": "BANK OF ENGLAND",
            "identifier": {
                "legalName": "BANK OF ENGLAND",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/9yt6Qa35"
            },
            "address": {
                "streetAddress": "Threadneedle Street",
                "locality": "LONDON",
                "postalCode": "EC2R8AH",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Jason Cheung",
                "email": "Technology.contracts@bankofengland.co.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-04016697",
            "name": "OPTIAL UK LIMITED",
            "identifier": {
                "legalName": "OPTIAL UK LIMITED",
                "scheme": "GB-COH",
                "id": "04016697"
            },
            "address": {
                "streetAddress": "13 Curatin Road LONDON EC2A 3LU GB"
            },
            "details": {
                "scale": "sme",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/9yt6Qa35",
        "name": "BANK OF ENGLAND"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-285289b8-85c1-4cdb-8c8e-6452f5d7af65-1",
            "status": "active",
            "date": "2022-07-01T00:00:00+01:00",
            "datePublished": "2023-01-05T17:44:52Z",
            "value": {
                "amount": 30500,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-04016697",
                    "name": "OPTIAL UK LIMITED"
                }
            ],
            "contractPeriod": {
                "startDate": "2022-07-01T00:00:00+01:00",
                "endDate": "2023-06-30T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/4ff3d4c6-158a-45ca-924b-a0395d15c79a",
                    "datePublished": "2023-01-05T17:44:52Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        },
        {
            "id": "ocds-b5fd17-285289b8-85c1-4cdb-8c8e-6452f5d7af65-2",
            "status": "active",
            "date": "2023-06-30T00:00:00+01:00",
            "datePublished": "2023-09-29T12:47:41+01:00",
            "value": {
                "amount": 41427,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-04016697",
                    "name": "OPTIAL UK LIMITED"
                }
            ],
            "contractPeriod": {
                "startDate": "2023-07-01T00:00:00+01:00",
                "endDate": "2025-06-30T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "2",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/e45b78b0-3298-4e2c-b218-650ebe31cfbd",
                    "datePublished": "2023-09-29T12:47:41+01:00",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}