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Ad hoc development work on a Temenos solution

BANK OF ENGLAND

This public procurement record has 5 releases in its history.

Award

25 Jun 2026 at 11:19

UK7 - Contract Details Notice
Award

12 Jan 2026 at 09:33

UK7 - Contract Details Notice
Award

10 Nov 2025 at 14:22

UK6 - Contract Award Notice
Award

10 Nov 2025 at 12:29

UK5 - Transparency Notice
Planning

22 May 2025 at 18:06

UK1 - Pipeline Notice
Summary of the contracting process

The procurement process led by the Bank of England involves the "Ad hoc development work on a Temenos solution" contract. Focused on the IT services category, it primarily involves software development and support, and was awarded directly to Temenos UK Limited. The contractual period spans from 15 May 2026 to 31 December 2030. The process has reached the award stage, with the contract signed on 15 May 2026 for a gross amount of £107,992.50 GBP. All activities are centred around London, UK, under a light-touch regime leveraging a below-threshold modification approach.

This contract represents a substantial opportunity for businesses specialising in IT services, particularly those capable of providing consulting and software development. Companies with experience in financial solutions or those adept in handling bespoke software solutions stand to benefit significantly. The direct award method suggests the requirement for specific expertise, offering growth prospects for firms already engaged with proprietary technologies or developing close partnerships with key institutions like the Bank of England.

How relevant is this notice?

Notice Information

Notice Title

Ad hoc development work on a Temenos solution

Notice Description

The use of Temenos developers to update a Temenos solution

Procurement Information

Section 74(1)(c) and Section 74(4): Below-threshold modification

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-051f6e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/059758-2026
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
£3,243,841 £1M-£10M

Notice Dates

Publication Date
25 Jun 20262 months ago
Submission Deadline
Not specified
Future Notice Date
1 Nov 2025Expired
Award Date
7 Nov 20259 months ago
Contract Period
15 May 2026 - 31 Dec 2030 4-5 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
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

TEMENOS UK LIMITED

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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