Scope
Reference
CON/1001845
Description
Professional services to support the upgrade of systems in the Customer Banking Division in the Bank of England.
Contract 1. Professional service to support the upgrade of systems in the Customer Banking Division.
Supplier
Contract value
- £265,640 excluding VAT
- £318,768 including VAT
Above the relevant threshold
Earliest date the contract will be signed
9 June 2025
Contract dates (estimated)
- 1 August 2025 to 28 February 2026
- 7 months
Main procurement category
Services
CPV classifications
- 72000000 - IT services: consulting, software development, Internet and support
Contract locations
- UK - United Kingdom
Other information
Description of risks to contract performance
N/A
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Direct award
Direct award justification
Single supplier - intellectual property or exclusive rights
Single 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.
Supplier
TEMENOS UK LIMITED
- Companies House: 01972767
- Public Procurement Organisation Number: PBDG-6734-WPZY
71 Fenchurch Street, Fifth Floor
London
EC3M 4TD
United Kingdom
Email: dburke@temenos.com
Region: UKI31 - Camden and City of London
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Contract 1. Professional service to support the upgrade of systems in the Customer Banking Division.
Contracting authority
BANK OF ENGLAND
- Companies House: RC000042
- Public Procurement Organisation Number: PRDB-1113-HPPT
Threadneedle Street
London
EC2R 8AH
United Kingdom
Contact name: Louise Naylor
Region: UKI31 - Camden and City of London
Organisation type: Public authority - central government