Oracle Cloud Implementation

  • Bank of England

F02: Contract notice

Notice reference: 2022/S 000-026282

Published 20 September 2022, 4:48pm

Section one: Contracting authority

one.1) Name and addresses

Bank of England

Threadneedle Street




Sue Docker




+44 7500082834


United Kingdom

NUTS code

UK - United Kingdom

Internet address(es)

Main address


Buyer's address


one.3) Communication

The procurement documents are available for unrestricted and full direct access, free of charge, at


Additional information can be obtained from the above-mentioned address

Tenders or requests to participate must be submitted electronically via


one.4) Type of the contracting authority

Body governed by public law

one.5) Main activity

Economic and financial affairs

Section two: Object

two.1) Scope of the procurement

two.1.1) Title

Oracle Cloud Implementation

Reference number


two.1.2) Main CPV code

  • 72000000 - IT services: consulting, software development, Internet and support

two.1.3) Type of contract


two.1.4) Short 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. 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 toolset 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.

two.1.5) Estimated total value

Value excluding VAT: £7,000,000

two.1.6) Information about lots

This contract is divided into lots: No

two.2) Description

two.2.2) Additional CPV code(s)

  • 72246000 - Systems consultancy services
  • 72263000 - Software implementation services
  • 72266000 - Software consultancy services

two.2.3) Place of performance

NUTS codes
  • UK - United Kingdom

two.2.4) Description of the procurement

The Bank is conducting the Oracle Cloud Implementation procurement using the restricted procedure in accordance with the Regulations.

Following an initial tender, the Oracle Cloud toolset was selected, with the Oracle Human Capital Management (HCM) Cloud module implemented in 2021 as the first stage of the implementation and business change

The Bank is now looking to undertake a full programme to deliver a step change in the capabilities and value delivered by the Finance, Procurement and Recruitment teams. This will encompass a full review and rebuild of the way all tasks, processes and outputs are achieved and will leverage the Oracle Cloud toolset to help drive business change. To enable this, the Bank is looking for a strategic system integration partner to help implement the Oracle suite.

two.2.5) Award criteria

Price is not the only award criterion and all criteria are stated only in the procurement documents

two.2.6) Estimated value

Value excluding VAT: £7,000,000

two.2.7) Duration of the contract, framework agreement or dynamic purchasing system

Duration in months


This contract is subject to renewal


Description of renewals

Possibility to extend for a further 24 months

two.2.10) Information about variants

Variants will be accepted: No

two.2.11) Information about options

Options: No

two.2.13) Information about European Union Funds

The procurement is related to a project and/or programme financed by European Union funds: No

Section four. Procedure

four.1) Description

four.1.1) Type of procedure

Restricted procedure

four.1.8) Information about the Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: Yes

four.2) Administrative information

four.2.2) Time limit for receipt of tenders or requests to participate


19 October 2022

Local time


four.2.4) Languages in which tenders or requests to participate may be submitted


Section six. Complementary information

six.1) Information about recurrence

This is a recurrent procurement: No

six.4) Procedures for review

six.4.1) Review body

High Court of England and Wales

Royal Courts of Justice, Strand




United Kingdom