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License and Support Contract

Bank of England

This public procurement record has 1 release in its history.

Award

07 Aug 2024 at 15:03

Award Notice
Summary of the contracting process

The Bank of England has completed the procurement process for a "License and Support Contract" under the industry category of Software Package and Information Systems (CPV: 48000000). This involves IT services related to consulting, software development, and support (CPV: 72000000). Located in London, United Kingdom, the contract follows a Direct Award procurement method. The tender period concluded on 5th February 2024, with the contract period set to start on 19th February 2024 and end on 18th February 2029. The total value of the contract is £1,381,823.

This tender represents a significant opportunity for firms specialising in software licensing and support, particularly those experienced in handling large-scale projects for governmental or financial institutions. Businesses with robust capabilities in IT services and software development, even those outside the SME and VCSE categories, are well-suited to engage with similar future opportunities. The awarded supplier, FIS Capital Markets US LLC, underscores the emphasis on established, large-scale enterprises capable of delivering comprehensive and reliable IT solutions.

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Notice Information

Notice Title

License and Support Contract

Notice Description

Software License and Support Contract

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5ed101ad-8a0c-414f-8c4c-726309896f48
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c63bf13f-cfc9-445f-8eb0-a4098544748a
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 (Waiver)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

72 - IT services: consulting, software development, Internet and support

CPV Codes

48000000 - Software package and information systems

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£1,381,823 £1M-£10M
Lots Value
Not specified
Awards Value
£1,381,823 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
7 Aug 20242 years ago
Submission Deadline
5 Feb 2024Expired
Future Notice Date
Not specified
Award Date
12 Feb 20242 years ago
Contract Period
19 Feb 2024 - 18 Feb 2029 Over 5 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
Postcode Area
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

FIS Capital Markets US LLC

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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