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Official procurement procedure

Professional service to support the upgrade of systems in the Customer Banking Division

No classification published
Location not published
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: "Professional service to support the upgrade of systems in the Customer Banking Division". 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.
Average Price Reduction
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. Price reduction 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 Unpublished data stays unknown.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
Published2 Jul 2025, 12:02 BST
Last source update2 Jul 2025, 12:02 BST
Recurring procurementNot published
ClassificationNot published
Delivery areaLocation not published
OCIDocds-h6vhtk-052892
What is being bought
Professional service to support the upgrade of systems in the Customer Banking Division. The value is £318, 768 inc. VAT.
What changed
From the official release history
  1. Official notice release published
    2 Jul 2025, 12:02 BST
  2. Official notice release published
    30 May 2025, 12:03 BST
  3. Status changed to complete
    29 May 2025, 10:34 BST
  4. Official notice release published
    29 May 2025, 10:34 BST
  5. Buyer information updated
    29 May 2025, 10:34 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    complete
    Published valueNot published
    The source published no individual title or description for this lot.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    2 Jul 2025, 12:02 BST
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 17 Jun 2025, 00:00 BST · £265,640
Commercial outcome and competition
Awards
TEMENOS UK LIMITED
Not published · Not published · active
Contracts
Professional service to support the upgrade of systems in the Customer Banking Division.
£265,640 · signed 17 Jun 2025, 00:00 BST · active
Contract period: 1 Aug 2025, 00:00 BST — 28 Feb 2026, 23:59 GMT
Bid statisticsNo aggregate bid statistics published
Buyer and organisations in this procedure

BANK OF ENGLAND

Contracting authority GB-COH-RC000042
View buyer profile

  • BANK OF ENGLAND
    buyer

    GB-COH: RC000042 · GB-PPON: PRDB-1113-HPPT
    Threadneedle Street, London, UKI31, EC2R 8AH, GB
    askprocurement@bankofengland.co.uk

  • TEMENOS UK LIMITED
    supplier

    GB-COH: 01972767 · GB-PPON: PBDG-6734-WPZY
    71 Fenchurch Street, Fifth Floor, London, UKI31, EC3M 4TD, GB
    dburke@temenos.com
Documents (1)
Official links; attachments are not copied

  • Not published

    tender
    conflictOfInterest
Related procedures (0)
No data
No related procedures published
Planning and rationale
Planning budgetNot published
No-engagement rationaleNot published
Procedure rationaleSingle supplier - Intellectual property or exclusive rights 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.