Award

Collateral Management System

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

18 Aug 2023 at 13:39

Award Notice
Summary of the contracting process

The Bank of England has awarded a contract for the provision of maintenance support and bespoke development for the Megara system. The contract, titled "Collateral Management System," falls under the services category, with a total value of £2,500,000 in GBP. The procurement method used was a Direct Award, with the tender period ending on 28th February 2023. The contract duration spans from 1st March 2023 to 31st March 2025, benefiting businesses located in England.

This contract opportunity awarded by the Bank of England can be advantageous for businesses in the software package and information systems industry. Any organisation offering software maintenance and custom development services, particularly in the United Kingdom, would be well-suited to compete. Understanding the procurement stage and key dates is crucial for businesses aiming to leverage this opportunity and foster business growth through engaging with the Bank of England.

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Notice Information

Notice Title

Collateral Management System

Notice Description

Provision of maintenance support and bespoke development for the Megara system.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5c987d22-9268-449c-8742-41d7762e7d1d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b451f1ac-d48c-453f-9b8d-582b216db0a5
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Direct Award
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
£2,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,500,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
18 Aug 20232 years ago
Submission Deadline
28 Feb 2023Expired
Future Notice Date
Not specified
Award Date
1 Mar 20232 years ago
Contract Period
1 Mar 2023 - 31 Mar 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

VERMEG 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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