---
title: "Collateral Management System"
ocid: "ocds-b5fd17-5c987d22-9268-449c-8742-41d7762e7d1d"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-5c987d22-9268-449c-8742-41d7762e7d1d"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-5c987d22-9268-449c-8742-41d7762e7d1d.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-5c987d22-9268-449c-8742-41d7762e7d1d.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2023-08-18"
---

# Collateral Management System

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-b5fd17-5c987d22-9268-449c-8742-41d7762e7d1d

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## Summary

The Bank of England has awarded a contract for the provision of maintenance support and bespoke development for the Megara system. The contract, titled "Collateral Management System," falls under the services category, with a total value of £2,500,000 in GBP. The procurement method used was a Direct Award, with the tender period ending on 28th February 2023. The contract duration spans from 1st March 2023 to 31st March 2025, benefiting businesses located in England.

This contract opportunity awarded by the Bank of England can be advantageous for businesses in the software package and information systems industry. Any organisation offering software maintenance and custom development services, particularly in the United Kingdom, would be well-suited to compete. Understanding the procurement stage and key dates is crucial for businesses aiming to leverage this opportunity and foster business growth through engaging with the Bank of England.

## Notice

Provision of maintenance support and bespoke development for the Megara system.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/b451f1ac-d48c-453f-9b8d-582b216db0a5 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Other - Direct Award |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 18 Aug 2023 |
| Submission deadline | 28 Feb 2023 |
| Future notice date | Not specified |
| Award date | 1 Mar 2023 |
| Contract period | 1 Mar 2023 - 31 Mar 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £2,500,000 |
| Lots value | Not specified |
| Awards value | £2,500,000 |
| 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 | TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | VERMEG SOLUTIONS |

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48000000 - Software package and information systems

## Release History

- 18 Aug 2023 at 13:39 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/b451f1ac-d48c-453f-9b8d-582b216db0a5

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/b451f1ac-d48c-453f-9b8d-582b216db0a5
  18th August 2023 - 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-b5fd17-5c987d22-9268-449c-8742-41d7762e7d1d. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-5c987d22-9268-449c-8742-41d7762e7d1d.json.