Award

Laboratory Services Assets 2026-2028

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

02 Dec 2025 at 12:59

Summary of the contracting process

The Bank of England has completed a procurement process for the provision of Laboratory Services Assets for the years 2026-2028. This contract involves the issuance of two asset licences, awarded through a direct procurement method with a status marked as 'complete'. Located in London, the Bank of England, a central government public authority, conducted the procurement under the 'lightTouch' special regime with no competition, falling below the threshold. The associated contract, signed on 20th November 2025, will commence on 1st January 2026 and spans until 31st December 2028, offering a renewal option. IBM United Kingdom Limited, the successful supplier, headquartered in Winchester, will deliver services related to information systems or technology planning throughout the UK, with a total contract value of £146,817.75 exclusive of taxes.

This tender offers significant growth opportunities for businesses specialising in information technology services, particularly those geared towards technology planning and systems integration. Large-scale enterprises like IBM, which possess the capability to deliver sophisticated technological solutions, are aptly positioned to thrive in such procurement settings. Direct procurement methods and below-threshold contracts create scenarios where established firms without a need for competition can directly leverage their niche capabilities and minimise bid preparation times, thereby enhancing efficiency and focus on execution. Businesses aiming to expand their public sector portfolio can target similar opportunities by offering unique and cutting-edge technology solutions that align with government requirements.

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Notice Title

Laboratory Services Assets 2026-2028

Notice Description

The contract is for the Provision of two Asset Licenses for the period 2026-2028

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05ece6
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/078908-2025
Current Stage
Award
All Stages
Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support


CPV Codes

72222200 - Information systems or technology planning services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£146,817 £100K-£500K

Notice Dates

Publication Date
2 Dec 20252 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
20 Nov 20253 months ago
Contract Period
1 Jan 2026 - 31 Dec 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
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
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

IBM UNITED KINGDOM

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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