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awardUpdateFind a Tender · award Update

Oracle Cloud Implementation

Buyer: BANK OF ENGLAND →

BuyerBANK OF ENGLAND
StatusawardUpdate
DeadlineNot published
ValueValue not published
Published4 Feb 2025

What is being bought

The source has not published a summary for this record.

Delivery location

UK

Categories

Software implementation services 72263000

Lot details

Lot 1

The Bank of England is looking to engage a strategic integration partner to support the implementation of technical and change management aspects of the Oracle Cloud implementation and business change programme.

What is included

ItemCategoryQuantity
1Not publishedNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 72. The category anchor is Software implementation services (72263000); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 726,7551 median · 15.6 average (2,529 of 6,755 with a bid count)1.9 average (3,015 of 6,755 with named award suppliers)Not published
Same buyer219.5 median · 93 average (4 of 21 with a bid count)7 average (5 of 21 with named award suppliers)Not published
Delivery region: UK2,1331 median · 33 average (713 of 2,133 with a bid count)2.8 average (914 of 2,133 with named award suppliers)Not published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byNot published
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Awards

Contracts

003625-2025-CON/1001132-1

Statusactive
Value£13,817,368

Documents & submission route

No documents are published in the current source record.

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-0369bf
Latest release ID003625-2025
Latest release timestampTue Feb 04 2025 12:30:50 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statusNot published
Procurement methodNot published
Procurement method detailsNot published
Main procurement categoryservices
Above thresholdNot published
Legal basis32014L0024
Tender period: startNot published
Tender period: endNot published
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: startNot published
Award period: endNot published
Submission method detailsNot published
Submission languagesNot published
Electronic catalogue policyNot published
Total tender valueNot published
Tender lots in source1
Tender items in source1
Tender documents in source0
Awards in latest release1
Contracts in latest release1
Parties in latest release3

Notice history

DateEventReference
4 Feb 2025awardUpdate, contractUpdate003625-2025
13 Sept 2023award, contract027050-2023

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
{
  "id": "003625-2025",
  "tag": [
    "awardUpdate",
    "contractUpdate"
  ],
  "date": "2025-02-04T12:30:50Z",
  "ocid": "ocds-h6vhtk-0369bf",
  "buyer": {
    "id": "GB-COH-RC000042",
    "name": "BANK OF ENGLAND"
  },
  "awards": [
    {
      "id": "003625-2025-CON/1001132-1",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-COH-03438874",
          "name": "VERSION 1 SOLUTIONS LIMITED"
        }
      ],
      "relatedLots": [
        "1"
      ]
    }
  ],
  "tender": {
    "id": "CON/1001132",
    "lots": [
      {
        "id": "1",
        "description": "The Bank of England is looking to engage a strategic integration partner to support the implementation of technical and change management aspects of the Oracle Cloud implementation and business change programme.",
        "contractPeriod": {
          "durationInDays": 1080
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UK"
          }
        ]
      }
    ],
    "title": "Oracle Cloud Implementation",
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "techniques": {
      "frameworkAgreement": {
        "periodRationale": "Initial term of 36 months following implementation of the service."
      }
    },
    "classification": {
      "id": "72263000",
      "scheme": "CPV",
      "description": "Software implementation services"
    },
    "mainProcurementCategory": "services"
  },
  "parties": [
    {
      "id": "GB-COH-RC000042",
      "name": "BANK OF ENGLAND",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKI31",
        "locality": "LONDON",
        "postalCode": "EC2R8AH",
        "countryName": "United Kingdom",
        "streetAddress": "Threadneedle Street"
      },
      "details": {
        "url": "http://www.bankofengland.co.uk"
      },
      "identifier": {
        "id": "RC000042",
        "scheme": "GB-COH",
        "legalName": "BANK OF ENGLAND"
      },
      "contactPoint": {
        "name": "Technology Procurement Team",
        "email": "Technology.contracts@bankofengland.co.uk",
        "telephone": "+44 2034614444"
      }
    },
    {
      "id": "GB-COH-03438874",
      "name": "VERSION 1 SOLUTIONS LIMITED",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UK",
        "locality": "Birmingham",
        "countryName": "United Kingdom"
      },
      "details": {
        "scale": "large"
      },
      "identifier": {
        "id": "03438874",
        "scheme": "GB-COH",
        "legalName": "VERSION 1 SOLUTIONS LIMITED"
      }
    },
    {
      "id": "GB-FTS-46142",
      "name": "High Court, Royal Courts of Justice",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "London",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "High Court, Royal Courts of Justice"
      }
    }
  ],
  "language": "en",
  "contracts": [
    {
      "id": "003625-2025-CON/1001132-1",
      "items": [
        {
          "id": "1",
          "relatedLot": "1",
          "classification": {
            "id": "72263000",
            "scheme": "CPV",
            "description": "Software implementation services"
          },
          "deliveryAddresses": [
            {
              "region": "UK"
            }
          ]
        }
      ],
      "value": {
        "amount": 13817367.85,
        "currency": "GBP"
      },
      "period": {
        "durationInDays": 1080
      },
      "status": "active",
      "awardID": "003625-2025-CON/1001132-1",
      "amendments": [
        {
          "id": "2",
          "rationale": "Need for additional works, services or supplies by the original contractor/concessionaire: This contract is being modified in accordance with Regulation 72(1)(b) of the Public Contracts Regulations 2015, and the change is made for additional services or supplies by the original contractor that have become necessary and were not included in the initial procurement, where a change of contractor - \n(i)\tcannot be made for economic or technical reasons such as requirements of interchangeability or interoperability with existing equipment, services or installations procured under the initial procurement, and \n(ii)\twould cause significant inconvenience or substantial duplication of costs for the contracting authority \nprovided that any increase in price does not exceed 50% of the value of the original contract",
          "description": "Amendment to the Bank's Application Management Service contract following a change in scope. \nDescriptions of the modifications \nChange 003a amended the scope to include Oracle Accounting Hub = +£0.28m \nChange 004 amended the scope of the change management workstream = +£0.03m \nChange 006 amended the scope to include Oracle Cloud Payroll to the Service = +£0.03m \nChange 008a amended the scope to include design of the infrastructure and access for the reporting platform = +£0.12m \nChange 012 amended the scope to include configuration of an IDCS solution for Oracle Cloud Recruitment = +£0.03m \nChange 014 amended the scope to include changes to the solution following UAT of Oracle Cloud Recruitment = +£0.01m \nChange 020 amended the scope to include changes to the solution following UAT of Oracle Cloud Recruitment = +£0.01m \nChange 025 amended the implementation methodology, from a two phase approach, to a multiple phase approach with Oracle Modules going live based on the Bank's priorities = +£4.07m"
        }
      ],
      "dateSigned": "2023-06-20T00:00:00+01:00"
    }
  ],
  "initiationType": "tender"
}
Complete JSON history (2 releases)
4 Feb 2025 · 003625-2025 · awardUpdate, contractUpdate
{
  "id": "003625-2025",
  "tag": [
    "awardUpdate",
    "contractUpdate"
  ],
  "date": "2025-02-04T12:30:50Z",
  "ocid": "ocds-h6vhtk-0369bf",
  "buyer": {
    "id": "GB-COH-RC000042",
    "name": "BANK OF ENGLAND"
  },
  "awards": [
    {
      "id": "003625-2025-CON/1001132-1",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-COH-03438874",
          "name": "VERSION 1 SOLUTIONS LIMITED"
        }
      ],
      "relatedLots": [
        "1"
      ]
    }
  ],
  "tender": {
    "id": "CON/1001132",
    "lots": [
      {
        "id": "1",
        "description": "The Bank of England is looking to engage a strategic integration partner to support the implementation of technical and change management aspects of the Oracle Cloud implementation and business change programme.",
        "contractPeriod": {
          "durationInDays": 1080
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UK"
          }
        ]
      }
    ],
    "title": "Oracle Cloud Implementation",
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "techniques": {
      "frameworkAgreement": {
        "periodRationale": "Initial term of 36 months following implementation of the service."
      }
    },
    "classification": {
      "id": "72263000",
      "scheme": "CPV",
      "description": "Software implementation services"
    },
    "mainProcurementCategory": "services"
  },
  "parties": [
    {
      "id": "GB-COH-RC000042",
      "name": "BANK OF ENGLAND",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKI31",
        "locality": "LONDON",
        "postalCode": "EC2R8AH",
        "countryName": "United Kingdom",
        "streetAddress": "Threadneedle Street"
      },
      "details": {
        "url": "http://www.bankofengland.co.uk"
      },
      "identifier": {
        "id": "RC000042",
        "scheme": "GB-COH",
        "legalName": "BANK OF ENGLAND"
      },
      "contactPoint": {
        "name": "Technology Procurement Team",
        "email": "Technology.contracts@bankofengland.co.uk",
        "telephone": "+44 2034614444"
      }
    },
    {
      "id": "GB-COH-03438874",
      "name": "VERSION 1 SOLUTIONS LIMITED",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UK",
        "locality": "Birmingham",
        "countryName": "United Kingdom"
      },
      "details": {
        "scale": "large"
      },
      "identifier": {
        "id": "03438874",
        "scheme": "GB-COH",
        "legalName": "VERSION 1 SOLUTIONS LIMITED"
      }
    },
    {
      "id": "GB-FTS-46142",
      "name": "High Court, Royal Courts of Justice",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "London",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "High Court, Royal Courts of Justice"
      }
    }
  ],
  "language": "en",
  "contracts": [
    {
      "id": "003625-2025-CON/1001132-1",
      "items": [
        {
          "id": "1",
          "relatedLot": "1",
          "classification": {
            "id": "72263000",
            "scheme": "CPV",
            "description": "Software implementation services"
          },
          "deliveryAddresses": [
            {
              "region": "UK"
            }
          ]
        }
      ],
      "value": {
        "amount": 13817367.85,
        "currency": "GBP"
      },
      "period": {
        "durationInDays": 1080
      },
      "status": "active",
      "awardID": "003625-2025-CON/1001132-1",
      "amendments": [
        {
          "id": "2",
          "rationale": "Need for additional works, services or supplies by the original contractor/concessionaire: This contract is being modified in accordance with Regulation 72(1)(b) of the Public Contracts Regulations 2015, and the change is made for additional services or supplies by the original contractor that have become necessary and were not included in the initial procurement, where a change of contractor - \n(i)\tcannot be made for economic or technical reasons such as requirements of interchangeability or interoperability with existing equipment, services or installations procured under the initial procurement, and \n(ii)\twould cause significant inconvenience or substantial duplication of costs for the contracting authority \nprovided that any increase in price does not exceed 50% of the value of the original contract",
          "description": "Amendment to the Bank's Application Management Service contract following a change in scope. \nDescriptions of the modifications \nChange 003a amended the scope to include Oracle Accounting Hub = +£0.28m \nChange 004 amended the scope of the change management workstream = +£0.03m \nChange 006 amended the scope to include Oracle Cloud Payroll to the Service = +£0.03m \nChange 008a amended the scope to include design of the infrastructure and access for the reporting platform = +£0.12m \nChange 012 amended the scope to include configuration of an IDCS solution for Oracle Cloud Recruitment = +£0.03m \nChange 014 amended the scope to include changes to the solution following UAT of Oracle Cloud Recruitment = +£0.01m \nChange 020 amended the scope to include changes to the solution following UAT of Oracle Cloud Recruitment = +£0.01m \nChange 025 amended the implementation methodology, from a two phase approach, to a multiple phase approach with Oracle Modules going live based on the Bank's priorities = +£4.07m"
        }
      ],
      "dateSigned": "2023-06-20T00:00:00+01:00"
    }
  ],
  "initiationType": "tender"
}
13 Sept 2023 · 027050-2023 · award, contract
{
  "id": "027050-2023",
  "tag": [
    "award",
    "contract"
  ],
  "bids": {
    "statistics": [
      {
        "id": "1",
        "value": 6,
        "measure": "bids",
        "relatedLot": "1"
      }
    ]
  },
  "date": "2023-09-13T10:52:41+01:00",
  "ocid": "ocds-h6vhtk-0369bf",
  "buyer": {
    "id": "GB-COH-RC000042",
    "name": "BANK OF ENGLAND"
  },
  "awards": [
    {
      "id": "027050-2023-1",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-COH-03438874",
          "name": "Version 1 solutions ltd"
        }
      ],
      "relatedLots": [
        "1"
      ]
    }
  ],
  "tender": {
    "id": "ocds-h6vhtk-0369bf",
    "lots": [
      {
        "id": "1",
        "status": "cancelled",
        "options": {
          "description": "Potential to extend for a further 24 months"
        },
        "hasOptions": true,
        "description": "This programme is intended to deliver a step change in the capabilities and value delivered by the Finance, Procurement and Recruitment functions in the Bank, leveraging the existing Oracle Cloud tool set to drive sustainable business change. The Bank is intending to appoint this Partner for 55 months, with a potential to extend for a further 24 months. This will cover the design, build, configuration and integrations of the Oracle Cloud system followed by support and maintenance.",
        "awardCriteria": {
          "criteria": [
            {
              "name": "Price",
              "type": "cost",
              "description": "25"
            }
          ]
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UKI"
          }
        ]
      }
    ],
    "title": "Oracle Cloud Implementation",
    "status": "complete",
    "coveredBy": [
      "GPA"
    ],
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "description": "The Bank of England is looking to engage a strategic integration partner to support the implementation of technical and change management aspects of the Oracle Cloud implementation and business change programme.",
    "classification": {
      "id": "72263000",
      "scheme": "CPV",
      "description": "Software implementation services"
    },
    "procurementMethod": "selective",
    "mainProcurementCategory": "services",
    "procurementMethodDetails": "Restricted procedure"
  },
  "parties": [
    {
      "id": "GB-COH-RC000042",
      "name": "BANK OF ENGLAND",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKI31",
        "locality": "LONDON",
        "postalCode": "EC2R8AH",
        "countryName": "United Kingdom",
        "streetAddress": "Threadneedle Street"
      },
      "details": {
        "url": "http://www.bankofengland.co.uk",
        "classifications": [
          {
            "id": "BODY_PUBLIC",
            "scheme": "TED_CA_TYPE",
            "description": "Body governed by public law"
          },
          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
        ]
      },
      "identifier": {
        "id": "RC000042",
        "scheme": "GB-COH",
        "legalName": "BANK OF ENGLAND"
      },
      "contactPoint": {
        "name": "Maneesh Sharma",
        "email": "maneesh.sharma@bankofengland.co.uk"
      }
    },
    {
      "id": "GB-COH-03438874",
      "name": "Version 1 solutions ltd",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UK",
        "locality": "Redditch",
        "countryName": "United Kingdom"
      },
      "details": {
        "scale": "large"
      },
      "identifier": {
        "id": "03438874",
        "scheme": "GB-COH",
        "legalName": "Version 1 solutions ltd"
      }
    },
    {
      "id": "GB-FTS-46142",
      "name": "High Court, Royal Courts of Justice",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "London",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "High Court, Royal Courts of Justice"
      }
    }
  ],
  "language": "en",
  "contracts": [
    {
      "id": "027050-2023-1",
      "value": {
        "amount": 8718830,
        "currency": "GBP"
      },
      "status": "active",
      "awardID": "027050-2023-1",
      "dateSigned": "2023-06-20T00:00:00+01:00"
    }
  ],
  "initiationType": "tender"
}