Award

Oracle SaaS Agreement

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

04 Feb 2025 at 11:33

Summary of the contracting process

The Bank of England has completed the procurement process for the "Oracle SaaS Agreement" under the classification of Software package and information systems. This selective procurement method, conducted as a call-off from a framework agreement, falls under the services category. The procurement process is at the award stage, with the tender ending on 18 December 2024 and the contract running from 19 December 2024 to 18 December 2025. The total value of the contract is £1,321,843.64, and it is to be delivered in England, United Kingdom. Oracle Corporation UK Limited has been awarded the contract.

This tender presents significant business growth opportunities, particularly for large-scale enterprises operating within the software and information systems sector. The successful bidder, Oracle Corporation UK Limited, is well-positioned to deliver Software as a Service (SaaS) solutions for central functions. While the procurement was exclusive, participating as a supplier in similar future tenders could benefit large tech firms prepared to engage in framework agreements. The nature of the contract supports infrastructure and business operations, making it a valuable prospect for companies looking to expand their portfolio within the public sector.

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Notice Title

Oracle SaaS Agreement

Notice Description

Oracle SaaS for central functions

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ec0d29ae-92d1-4dc4-b753-0e230aa5d264
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bbcba757-b868-4100-835b-f7b7a417bca3
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
£1,321,843 £1M-£10M
Lots Value
Not specified
Awards Value
£1,321,843 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
4 Feb 20251 years ago
Submission Deadline
18 Dec 2024Expired
Future Notice Date
Not specified
Award Date
18 Dec 20241 years ago
Contract Period
19 Dec 2024 - 18 Dec 2025 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
Technology Procurement Team
Contact Email
technology.contracts@bankofengland.co.uk
Contact Phone
020 3461 4444

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

ORACLE

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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