Award

Tech Transformation (Test Automation Initiative)

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

13 Jan 2026 at 15:32

UK7 - Contract Details Notice
Summary of the contracting process

The Bank of England has completed the procurement process for a "Tech Transformation (Test Automation Initiative)" project, which involves the provision of a SOAtest virtualisation software licence. This initiative falls under the industry category of software packages and information systems, and is taking place in the United Kingdom, specifically in London. The procurement method used was direct, indicating it was carried out below the threshold without competition. The contract was awarded to Parasoft UK Limited and is active from 1st January 2026 to 31st December 2026, with the procurement reaching its award stage as of 13th January 2026.

This tender process opens growth avenues for businesses involved in the software and technology sector, specifically those that can supply virtualisation and testing automation tools. Small and medium-sized enterprises (SMEs) with capabilities in software development and IT solutions are well-suited to engage in such procurement opportunities with the public authority central government. By supplying advanced software solutions like those required by the Bank of England, these businesses can solidify their presence in the UK public sector and expand their reach in public authority projects. This opportunity underscores the significance of fostering technology partnerships within the central government space.

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Notice Information

Notice Title

Tech Transformation (Test Automation Initiative)

Notice Description

Provision of SOAtest virtualisation software licence

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0604e4
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/002770-2026
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
SME

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
£34,500 Under £100K

Notice Dates

Publication Date
13 Jan 20261 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
8 Dec 20252 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

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
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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