Planning

Provision of Technology Services for Settlement products within payments

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Planning

08 Apr 2026 at 15:49

UK1 - Pipeline Notice
Summary of the contracting process

The Bank of England is in the planning phase of a public procurement process for the "Provision of Technology Services for Settlement products within payments." This tender, falling under the IT services category (consulting, software development, Internet, and support), is valued at £30 million, with a gross amount of £36 million, and is set to take place in the United Kingdom. Key dates include a future notice related to this procurement, expected on 7th September 2026. The service contract is planned to span from 5th April 2027 to 5th April 2031. As this process is in the early planning stages, details are still under discussion internally.

This tender presents a significant opportunity for businesses specialising in IT services to engage with a prominent financial institution. Firms that provide comprehensive consulting, software development, Internet services, and ongoing support will find the scope of this procurement particularly suited to their capabilities. Given the scale and the central government context, it is an excellent opportunity for established companies looking to expand their portfolios or enhance their reputation in the public sector domain. The substantial funding involved signals a stable and potentially long-term growth opportunity for businesses capable of meeting the Bank of England's technological needs within this important industry sector.

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Notice Information

Notice Title

Provision of Technology Services for Settlement products within payments

Notice Description

Provision of Technology Services for Settlement products within payments This is currently in the early planning stages and the details are still being discussed internally

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-067e65
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/032115-2026
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
£30,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
8 Apr 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
7 Sep 20265 months to go
Award Date
Not specified
Contract Period
4 Apr 2027 - 5 Apr 2031 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
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

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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