Award

Posit Software Licenses

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

16 Sep 2025 at 14:13

Summary of the contracting process

The Bank of England, located in London, has completed a public procurement process for the provision of Posit Software Licenses, falling under the industry category of software package and information systems. The procurement, with a total value of £319,373.82, was carried out through a selective method as a call-off from a framework agreement. The contract, awarded to Ascent Software (UK) Limited, began on the 1st of September 2025 and will run until the 31st of August 2027. Although the tender stage is complete and the award was announced on the 17th of June 2025, the process represents a substantial financial commitment to enhancing the Bank's software capabilities.

This procurement presents an opportunity for businesses specialising in software licenses and information systems, particularly those capable of engaging in framework agreements, to leverage their offerings for future tenders in similar categories. While Ascent Software (UK) Limited, an SME based in Bristol, was the successful supplier, businesses with similar capabilities may find networking and framework participation beneficial for participating in selective procurement opportunities. This case highlights how non-VCSE and SME designated firms can successfully engage with major financial institutions like the Bank of England, highlighting the potential for business growth through strategic alignment with public sector needs.

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

Posit Software Licenses

Notice Description

Provision of Posit Software Licenses.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-547fb82a-2efe-4573-b852-8d8cfa512724
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/06f405aa-450c-46ed-9430-d741e514e7ed
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
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
£319,373 £100K-£500K
Lots Value
Not specified
Awards Value
£319,373 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Sep 20255 months ago
Submission Deadline
23 Apr 2025Expired
Future Notice Date
Not specified
Award Date
16 Jun 20258 months ago
Contract Period
31 Aug 2025 - 31 Aug 2027 1-2 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
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

ASCENT SOFTWARE (UK

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-b5fd17-547fb82a-2efe-4573-b852-8d8cfa512724-2025-09-16T15:13:10+01:00",
    "date": "2025-09-16T15:13:10+01:00",
    "ocid": "ocds-b5fd17-547fb82a-2efe-4573-b852-8d8cfa512724",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "CON/1001859",
        "title": "Posit Software Licenses",
        "description": "Provision of Posit Software Licenses.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "48000000",
            "description": "Software package and information systems"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 319373.82,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2025-04-23T12:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2025-09-01T00:00:00+01:00",
            "endDate": "2027-08-31T23:59:59+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": "EC2R 8AH",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Jason Cheung",
                "email": "Technology.contracts@bankofengland.co.uk",
                "telephone": "0203 461 2393"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-07910456",
            "name": "ASCENT SOFTWARE (UK) LIMITED",
            "identifier": {
                "legalName": "ASCENT SOFTWARE (UK) LIMITED",
                "scheme": "GB-COH",
                "id": "07910456"
            },
            "address": {
                "streetAddress": "Desklodge House Redcliffe Way Bristol England BS1 6NL"
            },
            "details": {
                "scale": "sme",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/9yt6Qa35",
        "name": "BANK OF ENGLAND"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-547fb82a-2efe-4573-b852-8d8cfa512724-1",
            "status": "active",
            "date": "2025-06-17T00:00:00+01:00",
            "datePublished": "2025-09-16T15:13:10+01:00",
            "value": {
                "amount": 319373.82,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-07910456",
                    "name": "ASCENT SOFTWARE (UK) LIMITED"
                }
            ],
            "contractPeriod": {
                "startDate": "2025-09-01T00:00:00+01:00",
                "endDate": "2027-08-31T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/06f405aa-450c-46ed-9430-d741e514e7ed",
                    "datePublished": "2025-09-16T15:13:10+01:00",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}