Temenos systems upgrade resource

Official notice

Authority: BANK OF ENGLAND

Direct award

Sectors: IT Services & Software (72) Delivery: London (UKI)

Awarded value£2,004,132published award · exc. VAT

Award in standstill Not publishedno call for competition

Award (standstill) to TEMENOS UK LIMITED

What is being bought

Published requirement description

A team of 6+ resources, Time and Materials basis, with a 90 day termination for convenience clause for each resource.

£2,004,132 ex VAT

The lotProcurement structure

single lot · no lot value published

Lot #1Awarded

Delivery: London

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: 3 Mar 2026, 15:16 GMT
Last source update: 3 Mar 2026, 15:16 GMT
FTS notice number: 2026/S 000-019080
Latest notice: Transparency notice (UK5)
Delivery area: London (UKI)
Official registry OCID: ocds-h6vhtk-06613e Find a Tender

Why no open competition: Single Suppliers Intellectual Property Exclusive Rights; Single Suppliers Technical Reasons
Published justification: The direct award to Temenos is justified based on the specialised nature of the requirement, the urgency of the updates and the existing contractual relationship. This approach ensures value for money, maximises public benefit, and aligns with the NPPS policy objectives.

Review and risk notes

Risks: This notice is linked to the following published notice:
Title: Temenos support and maintenance
Notice identifier: 2025/S 000-072462
Procurement identifier (OCID): ocds-h6vhtk-051f6e
Published 10 November 2025, 2:22pm

Notice history

2 events · 1 release on Find a Tender · since 3 Mar 2026

Transparency notice published
3 Mar 2026, 15:16 GMT
UK5
Contract signature expected
16 Mar 2026, 23:59 GMT
scheduled

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1some still in standstill

Awarded value £2,004,1321 award exc. VAT

Awarded to	Value	Date	Status
TEMENOS UK LIMITED16 Mar 2026 – 30 Apr 2028	£2,004,132	—	Standstill

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 email

Bidders & participating suppliers

1 commercial party on the notice

TEMENOS UK LIMITEDAwarded supplierGB-COH: 01972767 71 Fenchurch Street, Fifth Floor, London, London, EC3M 4TDContact email

Official documents & specifications (1)

Official links; attachments are not copied

Notices published for this procedure

Transparency notice awardTransparency noticeUK5Transparency notice on Find a Tender3 Mar 2026, 15:16 GMT