Award

Technology Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

04 Feb 2025 at 15:38

Summary of the contracting process

The BANK OF ENGLAND has completed a procurement process for the provision of Technology Services, classified under IT services: consulting, software development, Internet, and support. This contract, identified by CON/1001698, was awarded through a single tender action (below threshold) method, with Oracle Corporation UK Limited named as the supplier. The contract, valued at £61,350, commenced on 1 January 2025 and will end on 30 June 2025. Key details include the location in England, the procurement stage being 'Award', and the tender period which concluded on 15 December 2024.

This tender offers significant opportunities for businesses specialising in IT services, particularly those capable of providing technology consulting, software development, and Internet support. Although this specific contract was awarded to a large-scale company, similar opportunities could benefit both large enterprises and SMEs looking to expand their portfolio within the public sector. Engaging in such procurement processes can facilitate business growth through securing government contracts and enhancing credibility in the industry.

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.

Notice Title

Technology Services

Notice Description

Provision of Technology Services.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-33e0fba1-262d-4326-8acf-42d995acc62a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/512cf4ab-8996-4612-a8e7-eb6bbbaa58d5
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
Not specified
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
£61,350 Under £100K
Lots Value
Not specified
Awards Value
£61,350 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Feb 20251 years ago
Submission Deadline
15 Dec 2024Expired
Future Notice Date
Not specified
Award Date
15 Dec 20241 years ago
Contract Period
1 Jan 2025 - 30 Jun 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

ORACLE

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-b5fd17-33e0fba1-262d-4326-8acf-42d995acc62a-2025-02-04T15:38:48Z",
    "date": "2025-02-04T15:38:48Z",
    "ocid": "ocds-b5fd17-33e0fba1-262d-4326-8acf-42d995acc62a",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "CON/1001698",
        "title": "Technology Services",
        "description": "Provision of Technology Services.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "72000000",
            "description": "IT services: consulting, software development, Internet and support"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 61350,
            "currency": "GBP"
        },
        "procurementMethod": "direct",
        "procurementMethodDetails": "Single tender action (below threshold)",
        "tenderPeriod": {
            "endDate": "2024-12-15T17:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2025-01-01T00:00:00Z",
            "endDate": "2025-06-30T23:59:59+01:00"
        },
        "suitability": {
            "sme": false,
            "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"
            },
            "details": {
                "url": "https://www.bankofengland.co.uk/"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-01782505",
            "name": "Oracle Corporation Uk Limited",
            "identifier": {
                "legalName": "Oracle Corporation Uk Limited",
                "scheme": "GB-COH",
                "id": "01782505"
            },
            "address": {
                "streetAddress": "Oracle Parkway RG6 1RA GB"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/9yt6Qa35",
        "name": "BANK OF ENGLAND"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-33e0fba1-262d-4326-8acf-42d995acc62a-1",
            "status": "active",
            "date": "2024-12-15T00:00:00Z",
            "datePublished": "2025-02-04T15:38:48Z",
            "value": {
                "amount": 61350,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-01782505",
                    "name": "Oracle Corporation Uk Limited"
                }
            ],
            "contractPeriod": {
                "startDate": "2025-01-01T00:00:00Z",
                "endDate": "2025-06-30T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/512cf4ab-8996-4612-a8e7-eb6bbbaa58d5",
                    "datePublished": "2025-02-04T15:38:48Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}