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Find a TenderAwarded without competitionContract details notice
Published 27 Nov 2025, 09:20 GMT

Official UK procurement notice

Provision of Portfolio Reconciliation and Collateral Margin Management

Official notice

Authority: BANK OF ENGLAND

Direct award
Sectors: Software Packages & ERP (48) Delivery: North East (UKC)North West (UKD)Yorkshire & Humber (UKE)
+6 moreEast Midlands (UKF)West Midlands (UKG)East of England (UKH)London (UKI)South East (UKJ)South West (UKK)
Awarded value£722,183published award · exc. VAT
Awarded 5 Nov 2025no call for competition
Awarded to Osttra Limited

What is being bought

Published requirement description

Provision of Portfolio Reconciliation and Collateral Margin Management License

The lotProcurement structure

single lot · no lot value published
Lot #1Awarded
Delivery: North East, North West, Yorkshire & Humber, East Midlands, West Midlands, East of England, London, South East, South West
48000000 Software package and information systems

Procedure terms & legal framework

From the official record
Procedure method
Direct award
Legal basis
UKPGA · 2023/54 Procurement Act 2023
Notice status
Awarded without competition
Procurement threshold
Unspecified in notice
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Direct award (no call for competition)
GPA / WTO covered
Unspecified in notice
Recurring procurement
Unspecified in notice
First published
27 Nov 2025, 09:20 GMT
Last source update
12 Feb 2026, 15:11 GMT
Authority reference
CON/1002007
FTS notice number
2026/S 000-013017
Latest notice
Contract details notice (UK7)
Delivery area
North East (UKC)North West (UKD)Yorkshire & Humber (UKE)East Midlands (UKF)West Midlands (UKG)East of England (UKH)London (UKI)South East (UKJ)
+1 moreSouth West (UKK)
Official registry OCID
ocds-h6vhtk-05e9d0 Find a Tender
Why no open competition
Single Suppliers Intellectual Property Exclusive Rights
Published justification

(a)due to a particular supplier having intellectual property rights or other exclusive rights, only that supplier can supply the goods, services or works required, and

(b)there are no reasonable alternatives to those goods, services or works.

How it was run

Official notice
Submission deadline
—

Timeline

10 Dec 2025 → 12 Feb 2026 · 2 dates
  1. Standstill ends320 days ago
    10 Dec 2025, 23:59 GMT
  2. Notice published257 days ago
    12 Feb 2026, 15:11 GMT

Notice history

4 events · 3 releases on Find a Tender · since 27 Nov 2025
  1. Transparency notice published
    27 Nov 2025, 09:20 GMT
    UK5
  2. Contract award notice published
    28 Nov 2025, 09:42 GMT
    UK6
  3. Contract signature expected
    11 Dec 2025, 23:59 GMT
    scheduled
  4. Contract details notice published
    12 Feb 2026, 15:11 GMT
    UK7

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £722,1831 award exc. VAT
Contracts signed 1latest 12 Feb 2026
Awarded toValueDateStatus
Osttra Limited12 Dec 2025 – 11 Dec 2030Options: To procure additional function£722,1835 Nov 2025Awarded

Contracts

  • Contract 1 · Osttra Limited

    Signed
    12 Feb 2026
    Value
    £722,183
    Period
    13 Feb 2026 – 12 Feb 2031
    Status
    active
    Options
    Additional services

    No agreed KPIs: Under £5m

Contracting authority & participating public bodies

BANK OF ENGLAND

Contracting authorityPublic authority - central government GB-COH: RC000042 · GB-PPON: PRDB-1113-HPPT Threadneedle Street, London, London, EC2R 8AHContact email

Bidders & participating suppliers

1 commercial party on the notice
  • Osttra LimitedAwarded supplierGB-COH: 04027741GB-PPON: PBMQ-3684-WYVW 2nd Floor, London Fruit and Wool Exchange, London, London, E1 6PWContact email

Official documents & specifications (3)

Official links; attachments are not copied

Notices published for this procedure

  • Contract details notice contractContract details noticeUK7Contract details notice on Find a Tender
  • Contract award notice awardContract award noticeUK6Contract award notice on Find a Tender
  • Transparency notice awardTransparency noticeUK5Transparency notice on Find a Tender