Award

Parasoft Licences

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

07 Jul 2025 at 12:15

Summary of the contracting process

The public procurement process titled "Parasoft Licences" was conducted by the Bank of England, a central government authority located in London. This procurement involved the direct purchase of software package and information systems licences. The procedure was completed without competition, classified as a 'below threshold' procurement method. The process is in the award stage, with the procurement process already completed. The contract was awarded on 23 May 2025, initiated on 1 June 2025, and is scheduled to conclude on 31 May 2026. The total contract value grossed at £55,200, covering various UK regions from UKC to UKK. The legal basis for this contract is outlined in the UK's 2023 legislation, enhancing the procurement's legal framework.

This tender process presents growth opportunities primarily for enterprises involved in software and IT services, particularly those offering software package and information systems. By targeting public sector organisations like the Bank of England, suppliers can secure significant contracts, potentially expanding their business footprint within governmental frameworks. However, as this tender was completed as a direct award, only businesses with pre-existing relationships or recognition from the buying entity stood a chance to participate. Large scale companies in software solutions, such as the supplier Parasoft UK Limited, were well-positioned to benefit from such direct procurement processes.

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Notice Title

Parasoft Licences

Notice Description

Provision of Parasoft Licenses.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0559e0
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/037747-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48000000 - Software package and information systems

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£46,000 Under £100K

Notice Dates

Publication Date
7 Jul 202510 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
22 May 202511 months ago
Contract Period
31 May 2025 - 31 May 2026 6-12 months
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
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
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
Not specified

Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

PARASOFT

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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