Planning

Standard & Poors Software License Renewal

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Planning

22 May 2025 at 18:36

UK1 - Pipeline Notice
Summary of the contracting process

The Bank of England is currently in the planning stage of a public procurement process, intending to renew the Standard & Poor's software licenses for a four-year period. This tender, categorised under the information technology services industry, is scheduled to be communicated by 1st February 2026. The procurement process covers services to be delivered in the United Kingdom, specifically the region identified as UKI4, with a contract period beginning on 30th May 2026 and concluding on 29th May 2030. The total contract value is estimated at $4,080,000 gross, with a net amount of $3,400,000 in USD.

This procurement opportunity presents considerable business growth potential for companies specialising in information technology and software services. Businesses experienced in managing large-scale software licenses would be particularly well-suited to participate in this tender. Furthermore, organisations with a strong track record in public sector contracts, particularly within central government frameworks, are likely to be competitive candidates in securing this tender, given the involvement of the Bank of England as the buying organisation.

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Notice Information

Notice Title

Standard & Poors Software License Renewal

Notice Description

4 year renewal of the Standard & Poors software licenses

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-051f8e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/025406-2025
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

72222300 - Information technology services

Notice Value(s)

Tender Value
£3,400,000 £1M-£10M
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 Feb 2026Expired
Award Date
Not specified
Contract Period
29 May 2026 - 29 May 2030 4-5 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
commercialdeliveryteam@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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