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Temenos systems upgrade resource

BANK OF ENGLAND

Buyer Contact Info

Buyer Name: BANK OF ENGLAND

Buyer Address: Threadneedle Street, London, UKI31, EC2R 8AH, United Kingdom

Contact Email: askprocurement@bankofengland.co.uk

Status
complete
Procedure
direct
Value
2004132.0 GBP
Published
03 Mar 2026, 15:16
Deadline
n/a
Contract Start
16 Mar 2026, 00:00
Contract End
30 Apr 2028, 22:59
Category
n/a
CPV
72000000 - IT services: consulting, software development, Internet and support
Region
n/a
Awarded To
TEMENOS UK LIMITED
Official Source
Open Find a Tender

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

Linked Documents

No linked documents found for this notice.

Opportunity Context

Lots

Lot 1 Status: complete

Documents

Document Description: Not published

Raw Notice JSON

Expand raw payload
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          "description": "Transparency notice on Find a Tender",
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          "format": "text/html",
          "id": "019080-2026",
          "noticeType": "UK5",
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      "mainProcurementCategory": "services",
      "milestones": [
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          "status": "scheduled",
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      "status": "pending",
      "suppliers": [
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      "value": {
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        "amountGross": 2404958,
        "currency": "GBP"
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  ],
  "buyer": {
    "id": "GB-COH-RC000042",
    "name": "BANK OF ENGLAND"
  },
  "date": "2026-03-03T15:16:59Z",
  "id": "019080-2026",
  "initiationType": "tender",
  "language": "en",
  "ocid": "ocds-h6vhtk-06613e",
  "parties": [
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        {
          "id": "PRDB-1113-HPPT",
          "scheme": "GB-PPON"
        }
      ],
      "address": {
        "country": "GB",
        "countryName": "United Kingdom",
        "locality": "London",
        "postalCode": "EC2R 8AH",
        "region": "UKI31",
        "streetAddress": "Threadneedle Street"
      },
      "contactPoint": {
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        "countryName": "United Kingdom",
        "locality": "London",
        "postalCode": "EC3M 4TD",
        "region": "UKI31",
        "streetAddress": "71 Fenchurch Street, Fifth Floor"
      },
      "contactPoint": {
        "email": "dburke@temenos.com"
      },
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    "description": "A team of 6+ resources, Time and Materials basis, with a 90 day termination for convenience clause for each resource.  \n\u00a32,004,132 ex VAT",
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    "procurementMethod": "direct",
    "procurementMethodDetails": "Direct award",
    "procurementMethodRationale": "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.",
    "procurementMethodRationaleClassifications": [
      {
        "id": "singleSuppliersIntellectualPropertyExclusiveRights"
      },
      {
        "id": "singleSuppliersTechnicalReasons"
      }
    ],
    "riskDetails": "This notice is linked to the following published notice:\nTitle: Temenos support and maintenance\nNotice identifier: 2025/S 000-072462\nProcurement identifier (OCID): ocds-h6vhtk-051f6e\nPublished 10 November 2025, 2:22pm",
    "status": "complete",
    "title": "Temenos systems upgrade resource"
  }
}