---
title: "MVAR Agreement"
ocid: "ocds-b5fd17-736c4d66-62a0-4a9e-8eef-71c37bf6da77"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-736c4d66-62a0-4a9e-8eef-71c37bf6da77"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-736c4d66-62a0-4a9e-8eef-71c37bf6da77.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-736c4d66-62a0-4a9e-8eef-71c37bf6da77.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2022-10-14"
---

# MVAR Agreement

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-b5fd17-736c4d66-62a0-4a9e-8eef-71c37bf6da77

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## Summary

The Bank of England awarded a contract for the MVAR Agreement to Softcat PLC. The contract, valued at £45,000,000, involves the provision of hardware, software, and associated services with a focus on information technology services. The procurement method used was selective, calling off from a framework agreement. The tender had a deadline on June 8, 2022, and the contract period is set to start on July 8, 2022, running until July 7, 2025. The procurement was suitable for small and medium-sized enterprises (SMEs) and is categorised under goods. The procurement was initiated as a tender and is now in the award stage.

This contract opportunity with the Bank of England for the MVAR Agreement presents a significant chance for businesses in the IT services industry, particularly those providing hardware, software, and associated services. SMEs looking to partner with a reputable organisation like the Bank of England can benefit from improved margins and access to a competitively priced professional services rate card. The contract offers a compliant route to market for specific products and services that can only be sourced through a reseller, making it suitable for businesses aiming to enhance their partnering capabilities and supplier management efficiency.

## Notice

Partner to bring together the capability of purchasing hardware, software and the provision of associated services including support services. This includes the management of Hardware such as extended product warranties; support; upgrade and maintenance services associated with Goods purchased. Benefits to the bank include the following benefits: - Improved Margins - Competitively Priced Professional Services Rate Card - Compliant route to market for product and services which can only be sourced with a reseller - Improved partnering with single reseller aiding the ability to - Supplier management versus point purchases - Commercial Contracts Manager provided to ease internal burden of call-off contract processing

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/8f24dc89-6962-4cf7-8e61-d358b2b41904 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Goods |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | SME |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 14 Oct 2022 |
| Submission deadline | 8 Jun 2022 |
| Future notice date | Not specified |
| Award date | 7 Jun 2022 |
| Contract period | 7 Jul 2022 - 7 Jul 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £45,000,000 |
| Lots value | Not specified |
| Awards value | £45,000,000 |
| 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 | TLI London |

## Supplier

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

## CPV Codes

### Divisions

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

### Codes

- 72222300 - Information technology services

## Release History

- 14 Oct 2022 at 09:55 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/8f24dc89-6962-4cf7-8e61-d358b2b41904

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/8f24dc89-6962-4cf7-8e61-d358b2b41904
  14th October 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-b5fd17-736c4d66-62a0-4a9e-8eef-71c37bf6da77. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-736c4d66-62a0-4a9e-8eef-71c37bf6da77.json.