Scope
Reference
CON/1001823
Description
Upgrading the Bank of England's Securities & Collateral Management Settlement System
Contract 1. Upgrading the Securities & Collateral Management Settlement System
Supplier
Contract value
- £3,541,666.67 excluding VAT
- £4,250,000 including VAT
Above the relevant threshold
Award decision date
24 April 2025
Standstill period
- End: 13 May 2025
- 8 working days
Earliest date the contract will be signed
14 May 2025
Contract dates (estimated)
- 14 May 2025 to 20 December 2027
- 2 years, 7 months, 7 days
Main procurement category
Services
Options
The right to additional purchases while the contract is valid.
Additional service to support implementation for this contract.
CPV classifications
- 72000000 - IT services: consulting, software development, Internet and support
Contract locations
- UKC - North East (England)
- UKD - North West (England)
- UKE - Yorkshire and the Humber
- UKF - East Midlands (England)
- UKG - West Midlands (England)
- UKH - East of England
- UKI - London
- UKJ - South East (England)
- UKK - South West (England)
Procedure
Procedure type
Direct award
Supplier
VERMEG SYSTEMS LIMITED
- Companies House: 02322432
- Public Procurement Organisation Number: PGTM-2465-XGDT
55-56 Russell Square
London
WC1B 4HP
United Kingdom
Email: jmistry@vermeg.com
Website: http://www.vermeg.com
Region: UKI31 - Camden and City of London
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 1. Upgrading the Securities & Collateral Management Settlement System
Contracting authority
BANK OF ENGLAND
- Companies House: RC000042
- Public Procurement Organisation Number: PRDB-1113-HPPT
Threadneedle Street
London
EC2R 8AH
United Kingdom
Region: UKI31 - Camden and City of London
Organisation type: Public authority - central government