Award

Temenos Support and Maintenance

BANK OF ENGLAND

This public procurement record has 4 releases in its history.

Award

12 Jan 2026 at 09:33

Award

10 Nov 2025 at 14:22

Award

10 Nov 2025 at 12:29

Planning

22 May 2025 at 17:06

Summary of the contracting process

The Bank of England, a central government public authority based in London, has completed a direct procurement process for the "Temenos Support and Maintenance" contract. This tender is focused on IT services, specifically consulting, software development, and support, needed for the Temenos T24 software. The procurement was awarded to Temenos UK Limited, with the contract status marked as active from 1st January 2026 to 31st December 2030. The procurement required a direct award due to intellectual property rights held by the supplier, with an associated contract value of GBP 3,784,617.6. Procurement stages have transitioned from planning to the award phase, confirming the seamless execution of contract agreements.

This tender presents ample opportunities for businesses specialising in IT services, particularly those with experience in banking software support. Companies that can offer innovative solutions, consultancy, and technical support for complex software systems like Temenos T24 could benefit by leveraging their expertise to compete for similar direct procurement opportunities. As the procurement method leaned heavily on the expertise and exclusive rights of the supplier, niche market businesses with proprietary solutions or extensive experience in the financial services technology sector stand well-positioned to engage with similar future projects by building relationships and establishing a reputation within leading financial institutions.

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Notice Title

Temenos Support and Maintenance

Notice Description

To provide Temenos T24 software support and maintenance

Procurement Information

(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.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-051f6e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/002112-2026
Current Stage
Award
All Stages
Planning, 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
£3,244,967 £1M-£10M
Lots Value
Not specified
Awards Value
£3,153,848 £1M-£10M
Contracts Value
£3,153,848 £1M-£10M

Notice Dates

Publication Date
12 Jan 20261 months ago
Submission Deadline
Not specified
Future Notice Date
1 Nov 2025Expired
Award Date
7 Nov 20253 months ago
Contract Period
1 Jan 2026 - 31 Dec 2030 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Not specified
Contact Email
askprocurement@bankofengland.co.uk
Contact Phone
Not specified

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
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

TEMENOS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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