--- title: "Accounting Software" ocid: "ocds-b5fd17-57716b2c-9d4d-48ad-841b-eedeef6ca4a7" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-57716b2c-9d4d-48ad-841b-eedeef6ca4a7" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-57716b2c-9d4d-48ad-841b-eedeef6ca4a7.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-57716b2c-9d4d-48ad-841b-eedeef6ca4a7.json" source: "Contracts Finder" current_stage: "Award" buyer: "BANK OF ENGLAND" published: "2025-01-14" --- # Accounting Software Buyer: BANK OF ENGLAND Current stage: Award OCID: ocds-b5fd17-57716b2c-9d4d-48ad-841b-eedeef6ca4a7 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-57716b2c-9d4d-48ad-841b-eedeef6ca4a7) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-57716b2c-9d4d-48ad-841b-eedeef6ca4a7.json) ## Summary The Bank of England recently completed the award stage for the procurement of a new Accounting Software system to meet statutory requirements. The awarded contract was published on 14 January 2025 and granted to Normative AB, a large-scale company. The contract, valued at GBP 160,000, will commence on 18 December 2024, running initially for a 2-year term with the possibility of a 1-year extension. This procurement, situated in London (postcode EC2R 8AH), falls under the "Software package and information systems" category and additional classifications including IT services and Environmental auditing. The procurement method used was an open procedure, indicating an equitable and competitive process for all interested vendors. This tender reached its completion on 4 September 2024 after a month-long tender period starting from its initial publication on 5 August 2024. This procurement process offers substantial opportunities for businesses in the software and IT services sectors, especially those specialising in energy management and environmental auditing. The contract's suitability for small and medium enterprises (SMEs) was explicitly noted by the Bank, indicating a strategic move to include dynamic and innovative smaller firms. SMEs with capabilities in developing and supporting sophisticated accounting software solutions stand to benefit greatly from this opportunity, potentially propelling business growth through a prestigious association with a high-profile client such as the Bank of England. This procurement not only offers immediate financial gain but also the potential for future collaborations and an enhanced market presence. ## Notice Award to supply a new Accounting Software system to meet statutory requirements. The contract will be a 2-year initial term with the option to extend for 1 year. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/9e516240-968d-4dfd-a94e-985f6e49a504 | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (above threshold) | | Tender suitability | SME | | Awardee scale | Large | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 14 Jan 2025 | | Submission deadline | 4 Sep 2024 | | Future notice date | Not specified | | Award date | 18 Nov 2024 | | Contract period | 18 Dec 2024 - 17 Dec 2026 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £160,000 | | Lots value | Not specified | | Awards value | £160,000 | | 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 | Not specified | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | NORMATIVE | ## CPV Codes ### Divisions - 48 - Software package and information systems - 71 - Architectural, construction, engineering and inspection services - 72 - IT services: consulting, software development, Internet and support - 90 - Sewage, refuse, cleaning and environmental services ### Codes - 48000000 - Software package and information systems - 71314200 - Energy-management services - 72000000 - IT services: consulting, software development, Internet and support - 90714000 - Environmental auditing ## Release History - 14 Jan 2025 at 10:22 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/9e516240-968d-4dfd-a94e-985f6e49a504 - 6 Aug 2024 at 09:30 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/bbb8b447-8ea7-4a8d-ab0c-3594c6c5b42c - 5 Aug 2024 at 09:22 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/bbb8b447-8ea7-4a8d-ab0c-3594c6c5b42c - 5 Aug 2024 at 09:17 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/bbb8b447-8ea7-4a8d-ab0c-3594c6c5b42c ## Documents - https://www.contractsfinder.service.gov.uk/Notice/9e516240-968d-4dfd-a94e-985f6e49a504 14th January 2025 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/bbb8b447-8ea7-4a8d-ab0c-3594c6c5b42c 6th August 2024 - 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-b5fd17-57716b2c-9d4d-48ad-841b-eedeef6ca4a7. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-57716b2c-9d4d-48ad-841b-eedeef6ca4a7.json.