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Oracle Cloud Implementation

BANK OF ENGLAND

This public procurement record has 4 releases in its history.

AwardUpdate

06 Jan 2026 at 09:42

Award Notice
AwardUpdate

04 Feb 2025 at 12:30

Award Notice
Award

13 Sep 2023 at 10:52

Award Notice
Tender

20 Sep 2022 at 16:48

Tender Notice
Summary of the contracting process

The Bank of England is driving a strategic initiative under its Oracle Cloud Implementation project, with the latest procurement process focusing on securing a strategic integration partner. The aim is to support the technical and change management aspects of this programme, which encompasses the Finance, Procurement, and Recruitment functions. This service procurement falls under the industry category of software implementation services and spans the United Kingdom. The procurement has reached the award update stage as of January 2026, with Version 1 Solutions Ltd emerging as a significant supplier. The contract, active since its signing on 20th June 2023, is valued at approximately £21.5 million GBP, running until the end of August 2029, with significant amendments made to accommodate evolving project needs.

This tender offers substantial opportunities for large-scale enterprises specialising in systems consultancy and software implementation services. Firms with experience in handling comprehensive cloud-based system integrations and who can manage extensive change management programmes would greatly benefit from engaging with this tender. Given the extensiveness of the Oracle Cloud Implementation, there is an opportunity for businesses to collaborate in enhancing the Bank's operational capacities, potentially securing extended contracts beyond the initial 55-month period. The use of a selective procurement process ensures that only highly qualified suppliers are considered, paving the way for mutually beneficial partnerships to drive sustainable business growth.

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Notice Information

Notice Title

Oracle Cloud Implementation

Notice Description

The Bank of England is looking to engage a strategic integration partner to support the implementation of technical and change management aspects of the Oracle Cloud implementation and business change programme.

Lot Information

Lot 1

The Bank of England is looking to engage a strategic integration partner to support the implementation of technical and change management aspects of the Oracle Cloud implementation and business change programme.

Options: Potential to extend for a further 24 months

Renewal: Possibility to extend for a further 24 months

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0369bf
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/000521-2026
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72246000 - Systems consultancy services

72263000 - Software implementation services

72266000 - Software consultancy services

Notice Value(s)

Tender Value
£7,000,000 £1M-£10M
Lots Value
£7,000,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£43,993,554 £10M-£100M

Notice Dates

Publication Date
6 Jan 20267 months ago
Submission Deadline
19 Oct 2022Expired
Future Notice Date
Not specified
Award Date
20 Jun 20233 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Additional Buyers

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
2
Supplier Names

VERSION 1 SOLUTIONS LIMITED

Version 1 solutions ltd

Further Information

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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