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MATLAB Open Access Enterprise Software Licences 2026 - 2029

BANK OF ENGLAND

This public procurement record has 3 releases in its history.

Award

29 Jul 2026 at 23:09

UK6 - Contract Award Notice
Award

29 Jul 2026 at 08:43

UK5 - Transparency Notice
Planning

22 May 2025 at 17:51

UK1 - Pipeline Notice
Summary of the contracting process

The Bank of England is procuring open-access enterprise software licences for MATLAB analytics, together with associated IT services, software support and related support activity. The requirement is for enterprise-wide access rather than a single project or user licence. The service category covers software packages and information systems, as well as IT consulting, software development, internet and support services. The buying organisation is the Bank of England, based in London, and delivery is across the United Kingdom. This opportunity is relevant to businesses that provide MATLAB enterprise licensing, analytics software access or closely related software support services for public-sector or other large organisations.

The procurement is complete and the contract has been awarded by direct award under the special-case provisions of Section 41 and Schedule 5 of the Procurement Act 2023, using technical reasons relating to a single supplier. The Bank of England selected The MathWorks Limited on 24 July 2026. The estimated tender value was £1,600,000 excluding VAT (£2,000,000 including VAT); the awarded value is £1,950,000 excluding VAT (£2,340,000 including VAT). The contract period is 1 October 2026 to 30 September 2029. A standstill period runs to 10 August 2026, and contract signature is scheduled for 11 September 2026. The award covers one complete lot.

This award shows established demand from the Bank of England for enterprise MATLAB access supporting analytics, with software licensing and associated IT support procured together. The selected supplier, The MathWorks Limited, is a large specialist software provider, indicating that credibility for comparable work depends on authoritative access to MATLAB enterprise licensing, strong analytics-software expertise and the ability to support a sizeable organisation across the United Kingdom. Suppliers assessing future competition should be able to demonstrate reliable licence administration, technical support and service continuity for business-critical analytical users. Experience supplying complex organisations with enterprise software, rather than isolated desktop licences, would be particularly relevant. The direct-award rationale also indicates that technical compatibility or unique supplier capability was central to this procurement.

How relevant is this notice?

Notice Information

Notice Title

MATLAB Open Access Enterprise Software Licences 2026 - 2029

Notice Description

The services are for Open Access Enterprise license for MATLAB analytics.

Procurement Information

Section 41: Direct award in special cases (Schedule 5) - allows for direct award to a supplier where one of the direct award justifications in Schedule 5 of the Act applies.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-051f63
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/071941-2026
Current Stage
Award
All Stages
Planning, Award

Procurement Classification

Notice Type
UK6 - Contract Award 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

48 - Software package and information systems

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

CPV Codes

48000000 - Software package and information systems

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£1,600,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,950,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
29 Jul 20264 weeks ago
Submission Deadline
Not specified
Future Notice Date
1 Jan 2026Expired
Award Date
24 Jul 20261 months ago
Contract Period
1 Oct 2026 - 30 Sep 2029 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Pending
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
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
TLI4 Inner London - East
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

THE MATHWORKS LIMITED

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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