---
title: "Temenos systems upgrade resource"
ocid: "ocds-h6vhtk-06613e"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06613e"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-06613e.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-06613e.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2026-03-03"
---

# Temenos systems upgrade resource

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-h6vhtk-06613e

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06613e)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-06613e.json)

## Summary

The Bank of England, a central government public authority located in London, has completed a procurement process titled "Temenos systems upgrade resource". This contract, classified under IT services, involves consulting, software development, Internet, and support. The procurement was executed through a direct award method, justified by the specialised nature and urgency of the updates, alongside the existing contractual relationship with the supplier. The process has reached the award stage, with the contract scheduled from 16 March 2026 to 30 April 2028. Key dates include the award notice published on 3 March 2026, and the future contract signature scheduled on 16 March 2026.

This tender provides substantial opportunities for businesses involved in IT services, particularly those with expertise in consulting and software development. The direct award to Temenos UK Limited underscores the need for specialised technical capabilities and intellectual property rights, suggesting the competitive advantage for large firms with exclusive skills or established frameworks in supporting and upgrading Temenos systems. As the project engages resources on a Time and Materials basis, it offers flexibility and potential for businesses to demonstrate their proficiency and adaptability in a rapidly evolving technological landscape. Such opportunities align with public benefit goals and promote strategic growth within the industry.

## Notice

A team of 6+ resources, Time and Materials basis, with a 90 day termination for convenience clause for each resource. PS2,004,132 ex VAT

### Procurement Information

The direct award to Temenos is justified based on the specialised nature of the requirement, the urgency of the updates and the existing contractual relationship. This approach ensures value for money, maximises public benefit, and aligns with the NPPS policy objectives.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/019080-2026 |
| Notice type | UK5 - Transparency Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Direct award |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 3 Mar 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 3 Mar 2026 |
| Contract period | 16 Mar 2026 - 30 Apr 2028 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £2,004,132 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Pending |
| 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 | TEMENOS |

## CPV Codes

### Divisions

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

### Codes

- 72000000 - IT services: consulting, software development, Internet and support

## Release History

- 3 Mar 2026 at 15:16 - Award - UK5 - Transparency Notice - https://www.find-tender.service.gov.uk/Notice/019080-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/019080-2026
  3rd March 2026 - Transparency notice on Find a Tender

## Notice URLs

- https://www.legislation.gov.uk/ukpga/2023/54/contents

## 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-h6vhtk-06613e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-06613e.json.