Find a TenderAwarded without competitionContract details notice

Published 29 May 2025, 10:34 BST

Official UK procurement notice

Professional service to support the upgrade of systems in the Customer Banking Division

Official notice

Authority: BANK OF ENGLAND

Direct award

Sectors: IT Services & Software (72) Delivery: UK

Awarded value£265,640published award · exc. VAT

Awarded 30 May 2025no call for competition

Awarded to TEMENOS UK LIMITED

What is being bought

Published requirement description

Professional service to support the upgrade of systems in the Customer Banking Division.

The value is £318, 768 inc. VAT.

The lotProcurement structure

single lot · no lot value published

Lot #1Awarded

Delivery: UK

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

Procedure terms & legal framework

From the official record

Procedure method: Direct award
Legal basis: UKPGA · 2023/54 Procurement Act 2023
Notice status: Awarded without competition
Procurement threshold: Unspecified in notice
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Direct award (no call for competition)
GPA / WTO covered: Unspecified in notice
Recurring procurement: Unspecified in notice
First published: 29 May 2025, 10:34 BST
Last source update: 2 Jul 2025, 12:02 BST
Authority reference: CON/1001845
FTS notice number: 2025/S 000-036732
Latest notice: Contract details notice (UK7)
Delivery area: UK
Official registry OCID: ocds-h6vhtk-052892 Find a Tender

Why no open competition: Single Suppliers Intellectual Property Exclusive Rights
Published justification: 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.

Review and risk notes

Risks: N/A

How it was run

Official notice

Submission deadline: —

Timeline

10 Jun 2025 → 2 Jul 2025 · 2 dates

Standstill ends
10 Jun 2025, 23:59 BST
Notice published
2 Jul 2025, 12:02 BST

Notice history

4 events · 3 releases on Find a Tender · since 29 May 2025

Transparency notice published
29 May 2025, 10:34 BST
UK5
Contract award notice published
30 May 2025, 12:03 BST
UK6
Contract signature expected
11 Jun 2025, 23:59 BST
scheduled
Contract details notice published
2 Jul 2025, 12:02 BST
UK7

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £265,6401 award exc. VAT

Contracts signed 1latest 17 Jun 2025

Awarded to	Value	Date	Status
TEMENOS UK LIMITED1 Aug 2025 – 28 Feb 2026	£265,640	30 May 2025	Awarded

Contracts

Professional service to support the upgrade of systems in the Customer Banking Division. · TEMENOS UK LIMITED
Signed
17 Jun 2025
Value
£265,640
Period
1 Aug 2025 – 28 Feb 2026
Status
active
No agreed KPIs: Not applicable.

Contracting authority & participating public bodies

BANK OF ENGLAND

Contracting authorityPublic authority - central government GB-COH: RC000042 · GB-PPON: PRDB-1113-HPPT Threadneedle Street, London, London, EC2R 8AHContact name, email

Bidders & participating suppliers

1 commercial party on the notice

TEMENOS UK LIMITEDAwarded supplierGB-COH: 01972767GB-PPON: PBDG-6734-WPZY 71 Fenchurch Street, Fifth Floor, London, London, EC3M 4TDContact email

Official documents & specifications (3)

Official links; attachments are not copied

Notices published for this procedure

Contract details notice contractContract details noticeUK7Contract details notice on Find a Tender2 Jul 2025, 12:02 BST
Contract award notice awardContract award noticeUK6Contract award notice on Find a Tender30 May 2025, 12:03 BST
Transparency notice awardTransparency noticeUK5Transparency notice on Find a Tender29 May 2025, 10:34 BST