Award

AutoRek Reconciliation Platform Upgrade 2026-29

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

26 Jan 2026 at 10:45

Award Notice
Summary of the contracting process

The Bank of England has completed the procurement process for upgrading its AutoRek Reconciliation Platform, covering the period from 2026 to 2029. This project falls under the Software Package and Information Systems industry category, and it is located in the United Kingdom. The procurement was conducted using a selective method, specifically through a call-off from a framework agreement. The award was made to Softcat PLC on 28th November 2025, following the close of the tender period on 27th November 2025. The contract is valued at £1,215,930 GBP and spans from 13th January 2026 to 12th January 2031.

This tender presents a significant opportunity for businesses specialising in software solutions, particularly those with capabilities in reconciliation platform upgrades. Although the awarded contract is beyond the scope of small and medium enterprises (SMEs) or voluntary community and social enterprises (VCSEs), large-scale technology firms with a robust track record in delivering software and information systems projects are well-suited to such opportunities. Such engagements can drive business growth by enabling the provision of high-impact solutions to prominent financial institutions such as the Bank of England.

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Notice Information

Notice Title

AutoRek Reconciliation Platform Upgrade 2026-29

Notice Description

Upgrade to the Reconciliation Platform including implementation

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7781c639-102f-4825-b156-933cbe84f5d4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f567ed79-851c-4142-b8c2-ddd6c62c5d12
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

48 - Software package and information systems

CPV Codes

48000000 - Software package and information systems

Notice Value(s)

Tender Value
£1,215,930 £1M-£10M
Lots Value
Not specified
Awards Value
£1,215,930 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
26 Jan 20264 weeks ago
Submission Deadline
27 Nov 2025Expired
Future Notice Date
Not specified
Award Date
28 Nov 20252 months ago
Contract Period
13 Jan 2026 - 12 Jan 2031 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
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
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

SOFTCAT

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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