Planning

Stock Movement Software System

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Planning

22 May 2025 at 17:27

UK1 - Pipeline Notice
Summary of the contracting process

The procurement process under review is spearheaded by the Bank of England, a central government public authority. This initiative, titled "Stock Movement Software System," focuses on IT services encompassing consulting, software development, internet, and support, categorized under the CPV code 72000000. The software system is anticipated to store, move, and track stock efficiently. The location specified for delivery is the UKI4 region, United Kingdom. According to the planning stage, the process is scheduled to advance, with a future notice date set for 1st June 2025. The contract period is expected to commence on 1st January 2026 and extend till 31st December 2030, with renewal options available until the end of 2032. The estimated gross value of the project stands at £14,000,000.

This tender presents a significant opportunity for businesses operating within the IT services sector, particularly those specializing in software development and systems integration. Companies focusing on stock management solutions or possessing experience in handling large-scale software projects for government entities would find this contract particularly suited for their expertise. The substantial project value and extended contract period offer ample opportunity for growth and development within participating businesses. As the process is at the planning stage, businesses have an opportunity to prepare and align their capabilities to meet the Bank of England's requirements effectively, providing a strategic advantage in the procurement pursuit.

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Notice Information

Notice Title

Stock Movement Software System

Notice Description

System to store, move and track stock

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-051f77
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/025381-2025
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK1 - Pipeline Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

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
£11,200,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
22 May 20259 months ago
Submission Deadline
Not specified
Future Notice Date
1 Jun 2025Expired
Award Date
Not specified
Contract Period
1 Jan 2026 - 31 Dec 2030 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Not specified
Contact Email
technology.contracts@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

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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