Award

Provision of Openlink Software License

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

04 Jul 2025 at 08:04

Award Notice
Summary of the contracting process

The Bank of England has completed the procurement process for the provision of an Openlink Software License, with the award to ION Group, a large-scale supplier. This contract falls under the software package and information systems industry category and will be fulfilled in England, United Kingdom. The procurement was executed through a direct award method, bypassing the typical tendering process, with the award officially active as of 28th May 2025. The contract is scheduled to begin on 1st July 2025 and will extend until 14th December 2029, offering a substantial value of £1,018,320 GBP.

This tender presents opportunities for businesses specialising in software and information systems services, although it was directly awarded without a competitive tendering stage. The Bank of England does not specifically target SMEs or VCSE organisations for this contract, indicating a preference for larger suppliers possibly due to the project scale and requirements. Businesses looking to enter similar procurement spheres might consider establishing expertise and reputation in direct award markets, as this method can potentially align with future non-competitive but lucrative procurement opportunities in the public sector.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Provision of Openlink Software License

Notice Description

Provision of Openlink Software License

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-bcda1996-5e21-4083-911e-569498f99de1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9da78c0d-7212-4610-ab5c-d73642057255
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

CPV Codes

48000000 - Software package and information systems

Notice Value(s)

Tender Value
£1,018,320 £1M-£10M
Lots Value
Not specified
Awards Value
£1,018,320 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
4 Jul 20257 months ago
Submission Deadline
5 May 2025Expired
Future Notice Date
Not specified
Award Date
27 May 20259 months ago
Contract Period
30 Jun 2025 - 14 Dec 2029 4-5 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
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

ION GROUP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-bcda1996-5e21-4083-911e-569498f99de1-2025-07-04T09:04:18+01:00",
    "date": "2025-07-04T09:04:18+01:00",
    "ocid": "ocds-b5fd17-bcda1996-5e21-4083-911e-569498f99de1",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "CON/100162-1",
        "title": "Provision of Openlink Software License",
        "description": "Provision of Openlink Software License",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "48000000",
            "description": "Software package and information systems"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 1018320,
            "currency": "GBP"
        },
        "procurementMethodDetails": "Other - Direct Award (Waiver)",
        "tenderPeriod": {
            "endDate": "2025-05-05T17:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2025-07-01T00:00:00+01:00",
            "endDate": "2029-12-14T23:59:59Z"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/9yt6Qa35",
            "name": "BANK OF ENGLAND",
            "identifier": {
                "legalName": "BANK OF ENGLAND",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/9yt6Qa35"
            },
            "address": {
                "streetAddress": "Threadneedle Street",
                "locality": "LONDON",
                "postalCode": "EC2R8AH",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Technology Procurement Team",
                "email": "Technology.contracts@bankofengland.co.uk",
                "telephone": "02034613000"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-03261502",
            "name": "ION Group",
            "identifier": {
                "legalName": "ION Group",
                "scheme": "GB-COH",
                "id": "03261502"
            },
            "address": {
                "streetAddress": "10 Queen Street Place, London EC4R 1BE, United Kingdom"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/9yt6Qa35",
        "name": "BANK OF ENGLAND"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-bcda1996-5e21-4083-911e-569498f99de1-1",
            "status": "active",
            "date": "2025-05-28T00:00:00+01:00",
            "datePublished": "2025-07-04T09:04:18+01:00",
            "value": {
                "amount": 1018320,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-03261502",
                    "name": "ION Group"
                }
            ],
            "contractPeriod": {
                "startDate": "2025-07-01T00:00:00+01:00",
                "endDate": "2029-12-14T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/9da78c0d-7212-4610-ab5c-d73642057255",
                    "datePublished": "2025-07-04T09:04:18+01:00",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}