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AwardedFind a Tender · award

Securities & Collateral Management Settlement System Support and Maintenance Contract

Buyer: BANK OF ENGLAND →

BuyerBANK OF ENGLAND
StatusAwarded
DeadlineNot published
ValueValue not published
Published23 Dec 2025

What is being bought

Vermeg Securities & Collateral Management Settlement System Support and Maintenance Contract

Lot details

Lot 1

No lot description published.

Statuscomplete

Comparable-procurement analytics

No usable CPV category has been published, so a comparable market set cannot yet be built.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationale(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.
Rationale classificationssingleSuppliersIntellectualPropertyExclusiveRights
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

2

Statusactive
Value£8,000,000

Documents & submission route

  • Not published

Source data inventory

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

OCIDocds-h6vhtk-059bef
Latest release ID085838-2025
Latest release timestampTue Dec 23 2025 13:21:38 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statuscomplete
Procurement methoddirect
Procurement method detailsDirect award
Main procurement categoryNot published
Above thresholdNot published
Legal basis2023/54
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 source0
Tender documents in source1
Awards in latest release1
Contracts in latest release1
Parties in latest release2

Notice history

DateEventReference
23 Dec 2025award, contract085838-2025
21 Oct 2025award, contract066939-2025
17 Sept 2025award, contract057189-2025
17 Sept 2025award, contract057185-2025

All source data

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

Complete current OCDS release JSON
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  "date": "2025-12-23T13:21:38Z",
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    "id": "GB-COH-RC000042",
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    {
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      "items": [
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            },
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      "aboveThreshold": true
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Complete JSON history (4 releases)
23 Dec 2025 · 085838-2025 · award, contract
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21 Oct 2025 · 066939-2025 · award, contract
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      "renewal": {
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      },
      "documents": [
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        {
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        }
      ],
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    }
  ],
  "initiationType": "tender"
}
17 Sept 2025 · 057189-2025 · award, contract
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            },
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              "countryName": "United Kingdom"
            },
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            },
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              "countryName": "United Kingdom"
            },
            {
              "region": "UKH",
              "country": "GB",
              "countryName": "United Kingdom"
            },
            {
              "region": "UKI",
              "country": "GB",
              "countryName": "United Kingdom"
            },
            {
              "region": "UKJ",
              "country": "GB",
              "countryName": "United Kingdom"
            },
            {
              "region": "UKK",
              "country": "GB",
              "countryName": "United Kingdom"
            }
          ],
          "additionalClassifications": [
            {
              "id": "72000000",
              "scheme": "CPV",
              "description": "IT services: consulting, software development, Internet and support"
            }
          ]
        }
      ],
      "value": {
        "amount": 8000000,
        "currency": "GBP",
        "amountGross": 9600000
      },
      "status": "pending",
      "options": {
        "description": "To provide additional service."
      },
      "renewal": {
        "description": "To continue the support and maintenance service."
      },
      "documents": [
        {
          "id": "057189-2025",
          "url": "https://www.find-tender.service.gov.uk/Notice/057189-2025",
          "format": "text/html",
          "noticeType": "UK6",
          "description": "Contract award notice on Find a Tender",
          "documentType": "awardNotice",
          "datePublished": "2025-09-17T09:58:35+01:00"
        }
      ],
      "suppliers": [
        {
          "id": "GB-COH-02322432",
          "name": "VERMEG SYSTEMS LIMITED"
        }
      ],
      "hasOptions": true,
      "hasRenewal": true,
      "milestones": [
        {
          "id": "1",
          "type": "futureSignatureDate",
          "status": "scheduled",
          "dueDate": "2025-09-30T23:59:59+01:00"
        }
      ],
      "relatedLots": [
        "1"
      ],
      "aboveThreshold": true,
      "contractPeriod": {
        "endDate": "2032-12-20T23:59:59Z",
        "startDate": "2027-12-21T00:00:00Z",
        "maxExtentDate": "2035-12-20T23:59:59Z"
      },
      "standstillPeriod": {
        "endDate": "2025-09-26T23:59:59+01:00"
      },
      "mainProcurementCategory": "services"
    }
  ],
  "tender": {
    "id": "CON/1001937",
    "lots": [
      {
        "id": "1",
        "status": "complete"
      }
    ],
    "title": "Securities & Collateral Management Settlement System Support and Maintenance Contract",
    "status": "complete",
    "legalBasis": {
      "id": "2023/54",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents",
      "scheme": "UKPGA"
    },
    "description": "Vermeg Securities & Collateral Management Settlement System Support and Maintenance Contract",
    "procurementMethod": "direct",
    "procurementMethodDetails": "Direct award"
  },
  "parties": [
    {
      "id": "GB-COH-RC000042",
      "name": "BANK OF ENGLAND",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKI31",
        "country": "GB",
        "locality": "London",
        "postalCode": "EC2R 8AH",
        "countryName": "United Kingdom",
        "streetAddress": "Threadneedle Street"
      },
      "details": {
        "classifications": [
          {
            "id": "publicAuthorityCentralGovernment",
            "scheme": "UK_CA_TYPE",
            "description": "Public authority - central government"
          }
        ]
      },
      "identifier": {
        "id": "RC000042",
        "scheme": "GB-COH"
      },
      "contactPoint": {
        "email": "askprocurement@bankofengland.co.uk"
      },
      "additionalIdentifiers": [
        {
          "id": "PRDB-1113-HPPT",
          "scheme": "GB-PPON"
        }
      ]
    },
    {
      "id": "GB-COH-02322432",
      "name": "VERMEG SYSTEMS LIMITED",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UKI31",
        "country": "GB",
        "locality": "London",
        "postalCode": "WC1B 4HP",
        "countryName": "United Kingdom",
        "streetAddress": "55-56 Russell Square"
      },
      "details": {
        "url": "http://www.vermeg.com",
        "vcse": false,
        "scale": "large",
        "shelteredWorkshop": false,
        "publicServiceMissionOrganization": false
      },
      "identifier": {
        "id": "02322432",
        "scheme": "GB-COH"
      },
      "contactPoint": {
        "email": "jmistry@vermeg.com"
      },
      "additionalIdentifiers": [
        {
          "id": "PGTM-2465-XGDT",
          "scheme": "GB-PPON"
        }
      ]
    }
  ],
  "language": "en",
  "initiationType": "tender"
}
17 Sept 2025 · 057185-2025 · award, contract
{
  "id": "057185-2025",
  "tag": [
    "award",
    "contract"
  ],
  "date": "2025-09-17T09:48:57+01:00",
  "ocid": "ocds-h6vhtk-059bef",
  "buyer": {
    "id": "GB-COH-RC000042",
    "name": "BANK OF ENGLAND"
  },
  "awards": [
    {
      "id": "1",
      "items": [
        {
          "id": "1",
          "relatedLot": "1",
          "deliveryAddresses": [
            {
              "region": "UKC",
              "country": "GB",
              "countryName": "United Kingdom"
            },
            {
              "region": "UKD",
              "country": "GB",
              "countryName": "United Kingdom"
            },
            {
              "region": "UKE",
              "country": "GB",
              "countryName": "United Kingdom"
            },
            {
              "region": "UKF",
              "country": "GB",
              "countryName": "United Kingdom"
            },
            {
              "region": "UKG",
              "country": "GB",
              "countryName": "United Kingdom"
            },
            {
              "region": "UKH",
              "country": "GB",
              "countryName": "United Kingdom"
            },
            {
              "region": "UKI",
              "country": "GB",
              "countryName": "United Kingdom"
            },
            {
              "region": "UKJ",
              "country": "GB",
              "countryName": "United Kingdom"
            },
            {
              "region": "UKK",
              "country": "GB",
              "countryName": "United Kingdom"
            }
          ],
          "additionalClassifications": [
            {
              "id": "72000000",
              "scheme": "CPV",
              "description": "IT services: consulting, software development, Internet and support"
            }
          ]
        }
      ],
      "value": {
        "amount": 8000000,
        "currency": "GBP",
        "amountGross": 9600000
      },
      "status": "pending",
      "options": {
        "description": "Additional support service."
      },
      "renewal": {
        "description": "Continue with the system support and maintenance service."
      },
      "documents": [
        {
          "id": "057185-2025",
          "url": "https://www.find-tender.service.gov.uk/Notice/057185-2025",
          "format": "text/html",
          "noticeType": "UK5",
          "description": "Transparency notice on Find a Tender",
          "documentType": "awardNotice",
          "datePublished": "2025-09-17T09:48:57+01:00"
        }
      ],
      "suppliers": [
        {
          "id": "GB-COH-02322432",
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        }
      ],
      "hasOptions": true,
      "hasRenewal": true,
      "milestones": [
        {
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          "type": "futureSignatureDate",
          "status": "scheduled",
          "dueDate": "2025-09-30T23:59:59+01:00"
        }
      ],
      "relatedLots": [
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      ],
      "aboveThreshold": true,
      "contractPeriod": {
        "endDate": "2032-12-20T23:59:59Z",
        "startDate": "2027-12-21T00:00:00Z",
        "maxExtentDate": "2035-12-20T23:59:59Z"
      },
      "mainProcurementCategory": "services"
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  ],
  "tender": {
    "id": "CON/1001937",
    "lots": [
      {
        "id": "1",
        "status": "complete",
        "suitability": {
          "sme": true
        }
      }
    ],
    "title": "Securities & Collateral Management Settlement System Support and Maintenance Contract",
    "status": "complete",
    "documents": [
      {
        "id": "conflictOfInterest",
        "description": "Not published",
        "documentType": "conflictOfInterest"
      }
    ],
    "legalBasis": {
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      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents",
      "scheme": "UKPGA"
    },
    "description": "Vermeg Securities & Collateral Management Settlement System  support and maintenance contract",
    "procurementMethod": "direct",
    "procurementMethodDetails": "Direct award",
    "procurementMethodRationale": "The following conditions are met in relation to the public contract-\n(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\n(b)there are no reasonable alternatives to those goods, services or works.",
    "procurementMethodRationaleClassifications": [
      {
        "id": "singleSuppliersIntellectualPropertyExclusiveRights"
      }
    ]
  },
  "parties": [
    {
      "id": "GB-COH-RC000042",
      "name": "BANK OF ENGLAND",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKI31",
        "country": "GB",
        "locality": "London",
        "postalCode": "EC2R 8AH",
        "countryName": "United Kingdom",
        "streetAddress": "Threadneedle Street"
      },
      "details": {
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            "id": "publicAuthorityCentralGovernment",
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          }
        ]
      },
      "identifier": {
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        "scheme": "GB-COH"
      },
      "contactPoint": {
        "email": "askprocurement@bankofengland.co.uk"
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      "additionalIdentifiers": [
        {
          "id": "PRDB-1113-HPPT",
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        }
      ]
    },
    {
      "id": "GB-COH-02322432",
      "name": "VERMEG SYSTEMS LIMITED",
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        "region": "UKI31",
        "country": "GB",
        "locality": "London",
        "postalCode": "WC1B 4HP",
        "countryName": "United Kingdom",
        "streetAddress": "55-56 Russell Square"
      },
      "details": {
        "url": "http://www.vermeg.com",
        "vcse": false,
        "scale": "large"
      },
      "identifier": {
        "id": "02322432",
        "scheme": "GB-COH"
      },
      "contactPoint": {
        "email": "jmistry@vermeg.com"
      },
      "additionalIdentifiers": [
        {
          "id": "PGTM-2465-XGDT",
          "scheme": "GB-PPON"
        }
      ]
    }
  ],
  "language": "en",
  "initiationType": "tender"
}