Award

Technology Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

28 Jul 2025 at 14:56

Summary of the contracting process

The public procurement process for the "Technology Services" contract has concluded with the award stage. The Bank of England, located in London, United Kingdom, served as the buying organisation for this tender focused on the IT services industry category. This procurement followed a selective method as a call-off from a framework agreement and carried a total value of approximately £3,330,427.93. Notably, the initial tender period ended on 29 April 2025, and the contract is set to run from 4 July 2025 to 4 June 2026.

This tender represents a substantial opportunity for businesses specialising in cloud enablement and IT consulting services. Companies with capabilities in software development, Internet services, and related support would have found this tender particularly suitable. The award to Version 1 Solutions Limited, a large-scale enterprise, indicates the level of expertise and capacity required to meet the contract's demands. The tender was designed with small and medium-sized enterprises (SMEs) in mind, providing a growth platform for capable providers in the competitive IT services sector.

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Notice Title

Technology Services

Notice Description

Provision of Cloud Enablement Services.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9dc82e23-a3ad-43e6-a16b-54aabf236518
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6abcbc5c-e034-4549-b6eb-56b4ffcb508f
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
SME
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
£3,330,427 £1M-£10M
Lots Value
Not specified
Awards Value
£3,330,427 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
28 Jul 20257 months ago
Submission Deadline
29 Apr 2025Expired
Future Notice Date
Not specified
Award Date
18 May 20259 months ago
Contract Period
3 Jul 2025 - 4 Jun 2026 6-12 months
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
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

VERSION 1 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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