Notice Information
Notice Title
Upgrading the Securities & Collateral Management Settlement System
Notice Description
Upgrading the Bank of England's Securities & Collateral Management Settlement System.
Procurement Information
The following conditions are met in relation to the public contract- (a)due to a particular supplier having intellectual property rights or other exclusive rights, only that supplier can supply the goods, services or works required, and (b)there are no reasonable alternatives to those goods, services or works.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-050a15
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/030533-2025
- Current Stage
- Award
- All Stages
- Award
Procurement Classification
- Notice Type
- UK7 - Contract Details Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Direct
- Procurement Method Details
- Direct award
- Tender Suitability
- Not specified
- 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
- Not specified
- Lots Value
- Not specified
- Awards Value
- £3,541,666 £1M-£10M
- Contracts Value
- £3,541,666 £1M-£10M
Notice Dates
- Publication Date
- 6 Jun 202511 months ago
- Submission Deadline
- Not specified
- Future Notice Date
- Not specified
- Award Date
- 23 Apr 20251 years ago
- Contract Period
- 29 May 2025 - 20 Dec 2027 2-3 years
- Recurrence
- Not specified
Notice Status
- Tender Status
- Complete
- Lots Status
- Complete
- Awards Status
- Active
- Contracts Status
- Active
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
- Not specified
-
- Local Authority
- City of London
- Electoral Ward
- Walbrook
- Westminster Constituency
- Cities of London and Westminster
Further Information
Notice Documents
-
https://www.find-tender.service.gov.uk/Notice/030533-2025
6th June 2025 - Contract details notice on Find a Tender -
https://www.find-tender.service.gov.uk/Notice/018468-2025
1st May 2025 - Contract award notice on Find a Tender -
https://www.find-tender.service.gov.uk/Notice/017947-2025
30th April 2025 - Transparency notice on Find a Tender
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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-h6vhtk-050a15-2025-06-06T11:55:46+01:00",
"date": "2025-06-06T11:55:46+01:00",
"ocid": "ocds-h6vhtk-050a15",
"initiationType": "tender",
"parties": [
{
"id": "GB-COH-RC000042",
"name": "BANK OF ENGLAND",
"identifier": {
"scheme": "GB-COH",
"id": "RC000042"
},
"additionalIdentifiers": [
{
"scheme": "GB-PPON",
"id": "PRDB-1113-HPPT"
}
],
"address": {
"streetAddress": "Threadneedle Street",
"locality": "London",
"postalCode": "EC2R 8AH",
"country": "GB",
"countryName": "United Kingdom",
"region": "UKI31"
},
"contactPoint": {
"email": "askprocurement@bankofengland.co.uk"
},
"roles": [
"buyer"
],
"details": {
"classifications": [
{
"scheme": "UK_CA_TYPE",
"id": "publicAuthorityCentralGovernment",
"description": "Public authority - central government"
}
]
}
},
{
"id": "GB-PPON-PGTM-2465-XGDT",
"name": "Vermeg Solutions SA",
"identifier": {
"scheme": "GB-PPON",
"id": "PGTM-2465-XGDT"
},
"address": {
"streetAddress": "55-56 Russell Square",
"locality": "London",
"postalCode": "WC1B4HP",
"country": "GB",
"countryName": "United Kingdom",
"region": "UKI31"
},
"contactPoint": {
"email": "Communication@vermeg.com"
},
"roles": [
"supplier"
],
"details": {
"scale": "large",
"vcse": false
}
},
{
"id": "GB-COH-02322432",
"name": "VERMEG SYSTEMS LIMITED",
"identifier": {
"scheme": "GB-COH",
"id": "02322432"
},
"additionalIdentifiers": [
{
"scheme": "GB-PPON",
"id": "PGTM-2465-XGDT"
}
],
"address": {
"streetAddress": "55-56 Russell Square",
"locality": "London",
"postalCode": "WC1B 4HP",
"country": "GB",
"countryName": "United Kingdom",
"region": "UKI31"
},
"contactPoint": {
"email": "jmistry@vermeg.com"
},
"roles": [
"supplier"
],
"details": {
"url": "http://www.vermeg.com",
"scale": "large",
"vcse": false,
"publicServiceMissionOrganization": false,
"shelteredWorkshop": false
}
}
],
"buyer": {
"id": "GB-COH-RC000042",
"name": "BANK OF ENGLAND"
},
"tender": {
"id": "CON/1001823",
"legalBasis": {
"id": "2023/54",
"scheme": "UKPGA",
"uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
},
"title": "Upgrading the Securities & Collateral Management Settlement System",
"description": "Upgrading the Bank of England's Securities & Collateral Management Settlement System.",
"status": "complete",
"procurementMethod": "direct",
"procurementMethodDetails": "Direct award",
"procurementMethodRationale": "The following conditions are met in relation to the public contract- (a)due to a particular supplier having intellectual property rights or other exclusive rights, only that supplier can supply the goods, services or works required, and (b)there are no reasonable alternatives to those goods, services or works.",
"lots": [
{
"id": "1",
"status": "complete"
}
],
"documents": [
{
"id": "conflictOfInterest",
"documentType": "conflictOfInterest",
"description": "Not published"
}
],
"procurementMethodRationaleClassifications": [
{
"id": "singleSuppliersIntellectualPropertyExclusiveRights"
},
{
"id": "singleSuppliersTechnicalReasons"
}
]
},
"awards": [
{
"id": "1",
"title": "Upgrading the Securities & Collateral Management Settlement System",
"status": "active",
"value": {
"amountGross": 4250000,
"amount": 3541666.67,
"currency": "GBP"
},
"mainProcurementCategory": "services",
"aboveThreshold": true,
"suppliers": [
{
"id": "GB-PPON-PGTM-2465-XGDT",
"name": "Vermeg Solutions SA"
},
{
"id": "GB-COH-02322432",
"name": "VERMEG SYSTEMS LIMITED"
}
],
"items": [
{
"id": "1",
"additionalClassifications": [
{
"scheme": "CPV",
"id": "72000000",
"description": "IT services: consulting, software development, Internet and support"
}
],
"deliveryAddresses": [
{
"region": "UKC",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKD",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKE",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKF",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKG",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKH",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKI",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKJ",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKK",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKC",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKD",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKE",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKF",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKG",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKH",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKI",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKJ",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKK",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UK",
"country": "GB",
"countryName": "United Kingdom"
}
],
"relatedLot": "1"
}
],
"contractPeriod": {
"startDate": "2025-05-14T00:00:00+01:00",
"endDate": "2027-12-20T23:59:59Z"
},
"hasOptions": true,
"options": {
"description": "Additional service to support implementation for this contract."
},
"relatedLots": [
"1"
],
"documents": [
{
"id": "017947-2025",
"documentType": "awardNotice",
"noticeType": "UK5",
"description": "Transparency notice on Find a Tender",
"url": "https://www.find-tender.service.gov.uk/Notice/017947-2025",
"datePublished": "2025-04-30T12:20:59+01:00",
"format": "text/html"
},
{
"id": "018468-2025",
"documentType": "awardNotice",
"noticeType": "UK6",
"description": "Contract award notice on Find a Tender",
"url": "https://www.find-tender.service.gov.uk/Notice/018468-2025",
"datePublished": "2025-05-01T14:42:05+01:00",
"format": "text/html"
}
],
"milestones": [
{
"id": "1",
"type": "futureSignatureDate",
"dueDate": "2025-05-14T23:59:59+01:00",
"status": "scheduled"
}
],
"date": "2025-04-24T00:00:00+01:00",
"standstillPeriod": {
"endDate": "2025-05-13T23:59:59+01:00"
}
}
],
"language": "en",
"contracts": [
{
"id": "1",
"awardID": "1",
"status": "active",
"period": {
"startDate": "2025-05-30T00:00:00+01:00",
"endDate": "2027-12-20T23:59:59Z"
},
"hasOptions": true,
"options": {
"description": "Additional service to support implementation for this contract."
},
"value": {
"amountGross": 4250000,
"amount": 3541666.67,
"currency": "GBP"
},
"aboveThreshold": true,
"dateSigned": "2025-05-30T00:00:00+01:00",
"noAgreedMetricsRationale": "The contract value is below PS5 million including VAT.",
"documents": [
{
"id": "030533-2025",
"documentType": "contractNotice",
"noticeType": "UK7",
"description": "Contract details notice on Find a Tender",
"url": "https://www.find-tender.service.gov.uk/Notice/030533-2025",
"datePublished": "2025-06-06T11:55:46+01:00",
"format": "text/html"
}
]
}
]
}