Award

Provision of data collection Software Licences

BANK OF ENGLAND

This public procurement record has 1 release in its history.

AwardUpdate

27 Feb 2025 at 14:44

Summary of the contracting process

The Bank of England has awarded a contract for the provision of data collection software licences under the industry category of software package and information systems (CPV code 48000000). Based in London, UK, the procurement process has entered the award and contract update stage as of 27th February 2025. The primary supplier for this contract is Regnology, a large company also based in London. This contract, valued at £7,538,833.28, spans a duration of 1080 days with an extension of 36 months due to additional service needs, ensuring continuity without significant inconvenience to the Bank of England’s operations.

This tender offers significant growth opportunities for businesses specialising in software solutions, particularly those that can provide robust data collection and information systems. Large enterprises experienced in government contracts may find this procurement particularly suited to their capabilities, facilitating long-term engagement and service continuity with a prominent financial institution like the Bank of England. Additionally, robust market players in the tech industry, especially those with a strong portfolio in software services, are well-placed to compete for similar future tenders, driving industry innovation and growth.

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Notice Title

Provision of data collection Software Licences

Notice Description

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04e860
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/007409-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Not Specified
Procurement Method Details
Not specified
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£7,538,833 £1M-£10M

Notice Dates

Publication Date
27 Feb 202512 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
12 Feb 20188 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Not Specified
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Technology Procurement Team
Contact Email
technology.contracts@bankofengland.co.uk
Contact Phone
+44 2034613000

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

REGNOLOGY

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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