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Official procurement procedure

Software license and support

IT services: consulting
software development
Internet and support
+1 more
London (UKI)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: BANK OF ENGLAND: "Software license and support". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityBANK OF ENGLANDScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: BANK OF ENGLAND
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for BANK OF ENGLAND. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
15.1Bids / Report
7.1% of reports have one bid
Supplier ConcentrationHigh Concentration
ESOTEC LTD.Top vendor: 91.8% of attributable value
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 179 active published awards; 28 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Historical Awarded Suppliers With This Authority:
Supplier NameHistoric AwardsAttributable GBP Value
ESOTEC LTD.1 win£4,163,656
Bureau Veritas UK Limited1 win£175,000
Piller UK Limited2 wins£104,344
3VRM LIMITED1 win£95,000
Procedure terms
Contracting AuthorityBANK OF ENGLAND
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published7 Aug 2024, 10:50 BST
Last source update7 Aug 2024, 10:50 BST
Recurring procurementNot published
ClassificationIT services: consulting, software development, Internet and support, Software package and information systems
Delivery area
London (UKI)
OCIDocds-h6vhtk-04885c
What is being bought
Contract award to FIS Capital Markets US LLC for software license and support
What changed
From the official release history
  1. Status changed to complete
    7 Aug 2024, 10:50 BST
  2. Official notice release published
    7 Aug 2024, 10:50 BST
  3. Buyer information updated
    7 Aug 2024, 10:50 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    This service is to provide software license and support
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    7 Aug 2024, 10:50 BST
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 12 Feb 2024, 00:00 GMT · £1,381,823
Commercial outcome and competition
Awards
FIS Capital Markets US LLC
Not published · Not published · active
Contracts
Software license and support
£1,381,823 · signed 12 Feb 2024, 00:00 GMT · active
Bid statistics
bids: 1 (lot 1)
Buyer and organisations in this procedure

BANK OF ENGLAND

Contracting authority GB-COH-RC000042
View buyer profile

  • BANK OF ENGLAND
    buyer

    GB-COH: RC000042
    Threadneedle Street, LONDON, UKI31, EC2R8AH
    Technology.Contracts@bankofengland.co.uk
    +44 2034613000

  • FIS Capital Markets US LLC
    supplier

    940229
    CORPORATION TRUST CENTER 1209 ORANGE ST, WILMINGTON, DE, 198010000, WILMINGTON, US

  • High Court of England and Wales, London, UK
    reviewBody

    London
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published
Planning and rationale
Planning budgetNot published
No-engagement rationaleNot published
Procedure rationaleThe degree of integration of the software with existing applications would create disproportionate technical difficulties in changing supplier at this stage.