Planning

Provision of Technology Service of the future roadmap products within payments

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Planning

09 Apr 2026 at 08:26

UK1 - Pipeline Notice
Summary of the contracting process

The Bank of England is in the early planning stages of a procurement process for the provision of technology services aimed at developing future roadmap products within the payments sector. This initiative falls under the IT services industry, specifically involving consulting, software development, Internet, and support. The contracting period is scheduled to commence on 31st March 2027 and conclude on 31st March 2031. This procurement, valued at a gross amount of £30 million, is centrally coordinated from London, UK, and is classified under public authority by central government. The procurement process currently in the Planning stage, with a planned communication update set for 31st July 2026.

This tender presents a significant opportunity for businesses specialising in IT services, particularly those experienced in consulting and software development. Companies with expertise in creating innovative payment solutions can leverage this contract to expand their market presence and establish a relationship with a prestigious institution like the Bank of England. With a substantial budget, this opportunity is well-suited for established businesses capable of delivering high-quality solutions to meet the technical and operational objectives outlined by the Bank of England.

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Notice Information

Notice Title

Provision of Technology Service of the future roadmap products within payments

Notice Description

Provision of Technology Service of the future roadmap products within payments This is currently in the early planning stages and still being discussed internally

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-067e7e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/032168-2026
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
£25,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
9 Apr 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
31 Jul 20264 months to go
Award Date
Not specified
Contract Period
30 Mar 2027 - 31 Mar 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)

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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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