---
title: "Oracle Cloud Implementation"
ocid: "ocds-b5fd17-3979b269-18f0-4d16-8516-e7d9d4954432"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-3979b269-18f0-4d16-8516-e7d9d4954432"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-3979b269-18f0-4d16-8516-e7d9d4954432.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-3979b269-18f0-4d16-8516-e7d9d4954432.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2023-09-13"
---

# Oracle Cloud Implementation

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-b5fd17-3979b269-18f0-4d16-8516-e7d9d4954432

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-3979b269-18f0-4d16-8516-e7d9d4954432)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-3979b269-18f0-4d16-8516-e7d9d4954432.json)

## Summary

The Bank of England has awarded a contract for the implementation of an Oracle Cloud system for Finance, Procurement, and Recruitment functions. The procurement process, initiated as a tender, had a total value of £8,718,830 GBP. The contracting authority was the Bank of England located in London, and the procurement method used was a selective process with a restricted procedure above the threshold. The contract period started on 20th June 2023 and will end on 20th January 2030.

This procurement opportunity for Oracle Cloud implementation by the Bank of England presents a lucrative business growth potential for strategic integration partners specializing in systems consultancy and software services. Businesses in the software implementation and consultancy services sectors would find suitable opportunities for long-term engagement and collaboration in delivering sustainable business change. The Bank of England's procurement process aims to leverage existing Oracle Cloud tools to drive significant value enhancements in its operational functions over the 55-month initial contract period, with possible extensions.

## Notice

This programme is intended to deliver a step change in the capabilities and value delivered by the Finance, Procurement and Recruitment functions in the Bank, leveraging the existing Oracle Cloud tool set to drive sustainable business change. The Bank is intending to appoint this Partner for 55 months, with a potential to extend for a further 24 months. This will cover the design, build, configuration and integrations of the Oracle Cloud system followed by support and maintenance.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/14b49ae8-6556-451a-bdaa-0e55e7d6aa68 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 13 Sep 2023 |
| Submission deadline | 21 Nov 2022 |
| Future notice date | Not specified |
| Award date | 19 Jun 2023 |
| Contract period | 19 Jun 2023 - 20 Jan 2030 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £8,718,830 |
| Lots value | Not specified |
| Awards value | £8,718,830 |
| 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 | VERSION 1 SOLUTIONS |

## CPV Codes

### Divisions

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

### Codes

- 72246000 - Systems consultancy services
- 72263000 - Software implementation services
- 72266000 - Software consultancy services

## Release History

- 13 Sep 2023 at 09:49 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/14b49ae8-6556-451a-bdaa-0e55e7d6aa68
- 21 Sep 2022 at 11:38 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/7eb9ca54-5589-4efd-8807-817bf36b2ec6
- 21 Sep 2022 at 10:45 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/7eb9ca54-5589-4efd-8807-817bf36b2ec6

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/14b49ae8-6556-451a-bdaa-0e55e7d6aa68
  13th September 2023 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/7eb9ca54-5589-4efd-8807-817bf36b2ec6
  21st September 2022 - Opportunity notice on Contracts Finder
- https://supplierlive.proactisp2p.com/Account/Login
  Supplier Network Login Page

## 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-b5fd17-3979b269-18f0-4d16-8516-e7d9d4954432. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-3979b269-18f0-4d16-8516-e7d9d4954432.json.