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Technology Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

27 Oct 2025 at 09:32

Award Notice
Summary of the contracting process

The Bank of England, located in London, recently concluded a selective procurement process for technology services, awarding the contract to Accenture (UK) Limited. This procurement involved the provision of IT services such as managing data integration transitions and supporting platform scalability, with an initial contract value estimated at £3.95 million ex VAT. The procurement was conducted through a call-off from a framework agreement under the CPV classification "IT services: consulting, software development, Internet and support." The award stage was completed on 27th October 2025, following an award date of 3rd September 2025, with the contract set to run from 25th September 2025 to 24th September 2030.

This tender provides substantial business growth opportunities for large-scale IT consulting firms capable of delivering comprehensive technology services across the United Kingdom. The scale and scope of this contract make it particularly suitable for well-established companies that can manage extensive technological transitions and provide ongoing operational support. By participating in such high-value government contracts, businesses can significantly enhance their market presence and secure long-term collaboration in the public sector IT domain.

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Notice Information

Notice Title

Technology Services

Notice Description

Provision of technology services, including managing data integration transitions, leading technical activities related to analytics and platform scalability, and delivering operational and governance support. Initial Contract Period is 18 months with an estimated value of PS3.95M ex VAT, and the Bank can extend the services up to 42 months and increase the value of the contract by an additional PS8.0 M ex VAT subjected to the internal governance process.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6a0a941d-f312-4e04-b677-e527e826fb9d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ac5342b9-373f-43a4-8744-29b40e50e0d4
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
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
£11,958,900 £10M-£100M
Lots Value
Not specified
Awards Value
£11,958,900 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
27 Oct 202510 months ago
Submission Deadline
6 Aug 2025Expired
Future Notice Date
Not specified
Award Date
3 Sep 202511 months ago
Contract Period
25 Sep 2025 - 24 Sep 2030 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
Not specified
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

ACCENTURE (UK) LIMITED

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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