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Find a TenderAwarded without competitionTransparency notice
Published 3 Mar 2026, 15:16 GMT

Official UK procurement notice

Temenos systems upgrade resource

Official notice

Authority: BANK OF ENGLAND

Direct award
Sectors: IT Services & Software (72) Delivery: London (UKI)
Awarded value£2,004,132published award · exc. VAT
Award in standstill Not publishedno call for competition
Award (standstill) to TEMENOS UK LIMITED

What is being bought

Published requirement description

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

£2,004,132 ex VAT

The lotProcurement structure

single lot · no lot value published
Lot #1Awarded
Delivery: London
72000000 IT services: consulting, software development, Internet and support

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
3 Mar 2026, 15:16 GMT
Last source update
3 Mar 2026, 15:16 GMT
FTS notice number
2026/S 000-019080
Latest notice
Transparency notice (UK5)
Delivery area
London (UKI)
Official registry OCID
ocds-h6vhtk-06613e Find a Tender
Why no open competition
Single Suppliers Intellectual Property Exclusive Rights; Single Suppliers Technical Reasons
Published justification

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.

Review and risk notes
Risks

This notice is linked to the following published notice:

Title: Temenos support and maintenance

Notice identifier: 2025/S 000-072462

Procurement identifier (OCID): ocds-h6vhtk-051f6e

Published 10 November 2025, 2:22pm

Notice history

2 events · 1 release on Find a Tender · since 3 Mar 2026
  1. Transparency notice published
    3 Mar 2026, 15:16 GMT
    UK5
  2. Contract signature expected
    16 Mar 2026, 23:59 GMT
    scheduled

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1some still in standstill
Awarded value £2,004,1321 award exc. VAT
Awarded toValueDateStatus
TEMENOS UK LIMITED16 Mar 2026 – 30 Apr 2028£2,004,132—Standstill

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
  • TEMENOS UK LIMITEDAwarded supplierGB-COH: 01972767 71 Fenchurch Street, Fifth Floor, London, London, EC3M 4TDContact email

Official documents & specifications (1)

Official links; attachments are not copied

Notices published for this procedure

  • Transparency notice awardTransparency noticeUK5Transparency notice on Find a Tender