---
title: "BACS Payment System"
ocid: "ocds-b5fd17-0f5b43fc-0c4a-486a-812a-5b4dc88f3175"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-0f5b43fc-0c4a-486a-812a-5b4dc88f3175"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-0f5b43fc-0c4a-486a-812a-5b4dc88f3175.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-0f5b43fc-0c4a-486a-812a-5b4dc88f3175.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2022-07-07"
---

# BACS Payment System

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-b5fd17-0f5b43fc-0c4a-486a-812a-5b4dc88f3175

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-0f5b43fc-0c4a-486a-812a-5b4dc88f3175)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-0f5b43fc-0c4a-486a-812a-5b4dc88f3175.json)

## Summary

The Bank of England has completed procurement for a BACS Payment System, focused on licenses for BACS Fixed Internet Connectivity. This project falls under the IT services industry category and was conducted through a direct procurement method, specifically a single tender action below the threshold. The contract, valued at £45,821, was awarded on 1 December 2020 and is valid until 31 December 2021. The service was delivered to a location in London, United Kingdom.

This tender represents a significant opportunity for small and medium-sized enterprises (SMEs) in the IT services sector, particularly those specialising in consulting and software development. Businesses with expertise in internet connectivity and payment systems may find this contract aligns well with their service offerings, allowing them to expand their portfolio and potentially jumpstart future collaborations with a reputable buyer like the Bank of England.

## Notice

Licenses for BACS Fixed Internet Connectivity

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/0620223c-e494-4220-8fba-2c93ab188322 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Goods |
| Procurement method | Direct |
| Procurement method details | Single tender action (below threshold) |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 7 Jul 2022 |
| Submission deadline | 1 Dec 2020 |
| Future notice date | Not specified |
| Award date | 1 Dec 2020 |
| Contract period | 1 Jan 2021 - 31 Dec 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £45,821 |
| Lots value | Not specified |
| Awards value | £45,821 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | BANK OF ENGLAND |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2R 8AH |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Walbrook |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | VOCALINK |

## CPV Codes

### Divisions

- 72 - IT services: consulting, software development, Internet and support

### Codes

- 72000000 - IT services: consulting, software development, Internet and support

## Release History

- 7 Jul 2022 at 13:27 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/0620223c-e494-4220-8fba-2c93ab188322

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/0620223c-e494-4220-8fba-2c93ab188322
  7th July 2022 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-0f5b43fc-0c4a-486a-812a-5b4dc88f3175. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-0f5b43fc-0c4a-486a-812a-5b4dc88f3175.json.