Awarded contract

Oracle Cloud Implementation


F03: Contract award notice

Notice reference: 2023/S 000-027050

Published 13 September 2023, 10:52am

Section one: Contracting authority

one.1) Name and addresses


Threadneedle Street




Maneesh Sharma



United Kingdom

NUTS code

UKI31 - Camden and City of London

Companies House


Internet address(es)

Main address

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

two.1.2) Main CPV code

  • 72263000 - Software implementation services

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.

two.1.6) Information about lots

This contract is divided into lots: No

two.1.7) Total value of the procurement (excluding VAT)

Value excluding VAT: £8,718,830

two.2) Description

two.2.3) Place of performance

NUTS codes
  • UKI - London

two.2.4) Description of the procurement

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.

two.2.5) Award criteria

Cost criterion - Name: Price / Weighting: 25

two.2.11) Information about options

Options: Yes

Description of options

Potential to extend for a further 24 months

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.2.1) Previous publication concerning this procedure

Notice number: 2022/S 000-026282

Section five. Award of contract

A contract/lot is awarded: Yes

five.2) Award of contract

five.2.1) Date of conclusion of the contract

20 June 2023

five.2.2) Information about tenders

Number of tenders received: 6

The contract has been awarded to a group of economic operators: No

five.2.3) Name and address of the contractor

Version 1 solutions ltd



United Kingdom

NUTS code
  • UK - United Kingdom
Companies House


The contractor is an SME


five.2.4) Information on value of contract/lot (excluding VAT)

Total value of the contract/lot: £8,718,830

Section six. Complementary information

six.4) Procedures for review

six.4.1) Review body

High Court, Royal Courts of Justice



United Kingdom