Award

Oracle Cloud Implementation

BANK OF ENGLAND

This public procurement record has 3 releases in its history.

Award

13 Sep 2023 at 09:49

TenderAmendment

21 Sep 2022 at 11:38

Tender

21 Sep 2022 at 10:45

Summary of the contracting process

The Bank of England has awarded a contract for the implementation of an Oracle Cloud system for Finance, Procurement, and Recruitment functions. The procurement process, initiated as a tender, had a total value of £8,718,830 GBP. The contracting authority was the Bank of England located in London, and the procurement method used was a selective process with a restricted procedure above the threshold. The contract period started on 20th June 2023 and will end on 20th January 2030.

This procurement opportunity for Oracle Cloud implementation by the Bank of England presents a lucrative business growth potential for strategic integration partners specializing in systems consultancy and software services. Businesses in the software implementation and consultancy services sectors would find suitable opportunities for long-term engagement and collaboration in delivering sustainable business change. The Bank of England's procurement process aims to leverage existing Oracle Cloud tools to drive significant value enhancements in its operational functions over the 55-month initial contract period, with possible extensions.

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Notice Title

Oracle Cloud Implementation

Notice Description

This programme is intended to deliver a step change in the capabilities and value delivered by the Finance, Procurement and Recruitment functions in the Bank, leveraging the existing Oracle Cloud tool set to drive sustainable business change. The Bank is intending to appoint this Partner for 55 months, with a potential to extend for a further 24 months. This will cover the design, build, configuration and integrations of the Oracle Cloud system followed by support and maintenance.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3979b269-18f0-4d16-8516-e7d9d4954432
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/14b49ae8-6556-451a-bdaa-0e55e7d6aa68
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure (above 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

72246000 - Systems consultancy services

72263000 - Software implementation services

72266000 - Software consultancy services

Notice Value(s)

Tender Value
£8,718,830 £1M-£10M
Lots Value
Not specified
Awards Value
£8,718,830 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Sep 20232 years ago
Submission Deadline
21 Nov 2022Expired
Future Notice Date
Not specified
Award Date
19 Jun 20232 years ago
Contract Period
19 Jun 2023 - 20 Jan 2030 Over 5 years
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
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

VERSION 1 SOLUTIONS

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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