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Temenos Additional Software modules 5yrs License Agreement

BANK OF ENGLAND

This public procurement record has 1 release in its history.

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13 Aug 2026 at 15:16

UK7 - Contract Details Notice
Summary of the contracting process

The Bank of England procured additional software modules and related services to provide functional enhancements to one of its existing platforms. The requirement is classified as IT services, covering software development, consulting, internet and support activities. It is a service requirement rather than a works or goods contract, and delivery is in the United Kingdom. The buying organisation is the Bank of England, a central government public authority. The scope is centred on extending the capabilities of the Bank’s platform through licensed Temenos software modules, supported by the associated services needed to provide those enhancements. The procurement was arranged as a single requirement, rather than being divided into multiple separately described areas of work.

The procurement has been completed and the contract was awarded to Temenos UK Limited. It used a direct award below the relevant threshold, without competition, under the light-touch regime. The contract was signed on 31 July 2026 and runs from 1 August 2026 to 31 July 2031. Its value is £110,441.28 including VAT, or £92,034.40 excluding VAT. The contract is active, while the tender itself is recorded as complete. The evaluation route was therefore a direct, non-competitive procurement rather than an open or selective tender. Temenos UK Limited is the sole named awarded supplier for the software modules and associated IT services covered by the requirement.

For a supplier assessing future work with the Bank of England, this procurement demonstrates demand for additional functionality on an established banking or financial-services platform, delivered through licensed software modules and supporting IT services. The selected supplier is Temenos UK Limited, a large organisation, indicating a requirement suited to businesses with established Temenos product expertise and the capacity to support a central government financial institution. Relevant capability would include configuring or extending platform modules, integrating enhancements with existing systems, and providing dependable software support over a multi-year service arrangement. Experience delivering controlled, business-critical technology services in the United Kingdom would strengthen credibility when this type of requirement is considered again.

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Notice Information

Notice Title

Temenos Additional Software modules 5yrs License Agreement

Notice Description

The contract is for services. Provision of a number of software modules that provide functional enhancements to one of the Bank's platform. The contract is estimated to commence on Saturday, 01 August 2026 and continue for a period of five years. The estimated value of the contract is PS110,441.28 including VAT, (PS92,034.40 ex. VAT)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06e3cb
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/077327-2026
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
Large

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
£92,034 Under £100K

Notice Dates

Publication Date
13 Aug 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
31 Jul 20263 weeks ago
Contract Period
1 Aug 2026 - 31 Jul 2031 Over 5 years
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
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
Postcode Area
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

TEMENOS UK LIMITED

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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