Award

Support and Maintenance MVCS

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

14 May 2026 at 09:35

Summary of the contracting process

The procurement process led by the Bank of England, located in London, involves the support and maintenance of the Multi-Vendor Contributions Systems (MVCS). This contract, categorised under IT services such as consulting and software development, was awarded through a direct procurement method below the threshold, meaning it was conducted without competition. The award was completed with Arcontech Limited as the supplier, with the contract period running from 1st March 2026 to 28th February 2028. Key dates include the signing of the contract on 26th February 2026 and the publication of contract details on 14th May 2026. The contract, valued at £71,023.80 including VAT, represents a significant collaboration within the UK’s central government public authority sector.

This tender presents substantial business growth opportunities, particularly for businesses specialising in IT services, including software development and system maintenance. It is ideal for firms that have the capability to support and maintain complex IT systems for high-profile financial institutions. Small and medium enterprises (SMEs) involved in IT consultancy and software support can especially benefit, given the procurement process's adaptation to smaller competitors with its below-threshold procurement approach. Engaging in such contracts can enhance business portfolios and establish long-term relationships with government entities like the Bank of England.

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Notice Title

Support and Maintenance MVCS

Notice Description

Support and Maintenance contract For MVCS (Multi-Vendor Contributions Systems) Service. PS71,023.80 inc VAT Provided via Web

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06987b
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/044261-2026
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
SME

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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£56,819 Under £100K

Notice Dates

Publication Date
14 May 2026Today
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
26 Feb 20262 months ago
Contract Period
1 Mar 2026 - 28 Feb 2028 1-2 years
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

ARCONTECH

Further Information

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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