---
title: "Extension Agreement for the SettleNET Service"
ocid: "ocds-b5fd17-e79a23a1-deaa-47f0-9e55-fe765f4926d6"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-e79a23a1-deaa-47f0-9e55-fe765f4926d6"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-e79a23a1-deaa-47f0-9e55-fe765f4926d6.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-e79a23a1-deaa-47f0-9e55-fe765f4926d6.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2022-11-10"
---

# Extension Agreement for the SettleNET Service

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-b5fd17-e79a23a1-deaa-47f0-9e55-fe765f4926d6

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-e79a23a1-deaa-47f0-9e55-fe765f4926d6)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-e79a23a1-deaa-47f0-9e55-fe765f4926d6.json)

## Summary

The Bank of England has awarded an Extension Agreement for the SettleNET Service, a procurement process that involved a 36-month extension of the service related to Radio, television, communication, telecommunication, and related equipment. The direct procurement method used was a Single tender action (below threshold). The contract period started on October 22, 2019, and ended on October 21, 2022. This award was for a value of £130,000 in GBP. The buying organisation was the Bank of England located in London, England.

This tender award from the Bank of England for the SettleNET Service could present growth opportunities for businesses specialized in Radio, television, communication, telecommunication, and related equipment. Companies dealing with technology services and equipment may find this tender particularly suitable for their operations. The awarded contract was valued at £130,000 and was secured by BT GROUP PLC, a large-scale supplier in the industry category of goods.

## Notice

36 months extension of the SettleNET Service

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/bf28326c-87a0-4641-8ab2-86c11cca7511 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Goods |
| Procurement method | Direct |
| Procurement method details | Single tender action (below threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 10 Nov 2022 |
| Submission deadline | 21 Oct 2019 |
| Future notice date | Not specified |
| Award date | 21 Oct 2019 |
| Contract period | 21 Oct 2019 - 21 Oct 2022 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £130,000 |
| Lots value | Not specified |
| Awards value | £130,000 |
| 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 | BT GROUP |

## CPV Codes

### Divisions

- 32 - Radio, television, communication, telecommunication and related equipment

### Codes

- 32000000 - Radio, television, communication, telecommunication and related equipment

## Release History

- 10 Nov 2022 at 13:58 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/bf28326c-87a0-4641-8ab2-86c11cca7511

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/bf28326c-87a0-4641-8ab2-86c11cca7511
  10th November 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-e79a23a1-deaa-47f0-9e55-fe765f4926d6. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-e79a23a1-deaa-47f0-9e55-fe765f4926d6.json.