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PROCUREMENT OPPORTUNITY

Oracle Cloud Implementation

BANK OF ENGLAND · compiled

Tender information last checkedLast checked 29 Sept 2026, 18:45.

Opportunity overview

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.

Awarded to

Amounts belong to published awards or contracts. Where several suppliers share one value, it is labelled as shared and is not a supplier-specific allocation.

VERSION 1 SOLUTIONS LIMITED

Matched by number
Contract value
£13.8m
Awarded
Not supplied
Contract signed
19 Jun 2023
Award ID
003625-2025-CON/1001132-1
Status
active
Identifier
GB-COH 03438874
Location
Birmingham, UK, United Kingdom

Version 1 solutions ltd

Matched by number

VERSION 1 SOLUTIONS LIMITED

Contract value
£8.7m
Awarded
Not supplied
Contract signed
19 Jun 2023
Award ID
027050-2023-1
Status
active
Identifier
GB-COH 03438874
Location
Birmingham, UK, United Kingdom

Classification

  • CPV72246000 — Systems consultancy services
  • CPV72263000 — Software implementation services
  • CPV72266000 — Software consultancy services

Lots

  • 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.£7m

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id
CON/1001132
Status
complete
Has Recurrence
No
Procurement Method
selective
Main Procurement Category
services
Procurement Method Details
Restricted procedure

Covered By

GPA

Legal basis

Id
32014L0024
Scheme
CELEX

Techniques

Framework Agreement

Period Rationale
Initial term of 36 months following implementation of the service.

Tender Period

Ends
19 Oct 2022, 12:00

Classification

Id
72263000
Scheme
CPV
Description
Software implementation services

Submission terms

Languages

en

Submission Method

electronicSubmission

Lots and requirements

Entry 1
Id
1
Status
cancelled
Has Options
Yes
Has Renewal
Yes
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.

Value

Amount
7,000,000
Currency
GBP

Options

Description
Potential to extend for a further 24 months

Renewal

Description
Possibility to extend for a further 24 months

Award criteria

Criteria

Criterion 1
Name
Price
Type
cost
Description
25

Contract period

Duration In Days
1,080

Submission terms

Variant Policy
notAllowed

Items and delivery

Item 1
Id
1
Related Lot
1

Delivery locations

Entry 1
Region
UK
Entry 2
Region
UKI
Entry 3
Region
UK

Additional Classifications

Entry 1
Id
72246000
Scheme
CPV
Description
Systems consultancy services
Entry 2
Id
72263000
Scheme
CPV
Description
Software implementation services
Entry 3
Id
72266000
Scheme
CPV
Description
Software consultancy services

Buyer, suppliers and contacts

Organisation 1
Id
GB-FTS-43054
Name
Bank of England

Roles

buyer

Address

Region
UK
Locality
London
Postal Code
EC2R 8AH
Country Name
United Kingdom
Street Address
Threadneedle Street

Details

Classifications

Entry 1
Id
BODY_PUBLIC
Scheme
TED_CA_TYPE
Description
Body governed by public law
Entry 2
Id
04
Scheme
COFOG
Description
Economic affairs

Identifier

Legal Name
Bank of England

Contact

Name
Sue Docker
Telephone
+44 7500082834
Organisation 2
Id
GB-FTS-935
Name
High Court of England and Wales

Roles

reviewBody

Address

Locality
London
Postal Code
WC2A 2LL
Country Name
United Kingdom
Street Address
Royal Courts of Justice, Strand

Identifier

Legal Name
High Court of England and Wales
Organisation 3
Id
GB-COH-RC000042
Name
BANK OF ENGLAND

Roles

buyer

Address

Region
UKI31
Locality
LONDON
Postal Code
EC2R8AH
Country Name
United Kingdom
Street Address
Threadneedle Street

Details

Classifications

Entry 1
Id
BODY_PUBLIC
Scheme
TED_CA_TYPE
Description
Body governed by public law
Entry 2
Id
04
Scheme
COFOG
Description
Economic affairs

Identifier

Id
RC000042
Scheme
GB-COH
Legal Name
BANK OF ENGLAND

Contact

Name
Technology Procurement Team
Telephone
+44 2034614444
Organisation 4
Id
GB-COH-03438874
Name
VERSION 1 SOLUTIONS LIMITED

Roles

supplier

Address

Region
UK
Locality
Birmingham
Country Name
United Kingdom

Details

Scale
large

Identifier

Id
03438874
Scheme
GB-COH
Legal Name
VERSION 1 SOLUTIONS LIMITED
Organisation 5
Id
GB-FTS-46142
Name
High Court, Royal Courts of Justice

Roles

reviewBody

Address

Locality
London
Country Name
United Kingdom

Identifier

Legal Name
High Court, Royal Courts of Justice

Award information

Award 1
Id
027050-2023-1
Status
active

Suppliers

Supplier 1
Id
GB-COH-03438874
Name
Version 1 solutions ltd

Related lots

1
Award 2
Id
003625-2025-CON/1001132-1
Status
active

Suppliers

Supplier 1
Id
GB-COH-03438874
Name
VERSION 1 SOLUTIONS LIMITED

Related lots

1

Contracts and changes

Entry 1
Id
027050-2023-1
Status
active
Award ID
027050-2023-1
Date Signed
20 Jun 2023, 00:00

Value

Amount
8,718,830
Currency
GBP
Entry 2
Id
003625-2025-CON/1001132-1
Status
active
Award ID
003625-2025-CON/1001132-1
Date Signed
20 Jun 2023, 00:00

Items

Item 1
Id
1
Related Lot
1

Classification

Id
72263000
Scheme
CPV
Description
Software implementation services

Delivery locations

Entry 1
Region
UK

Value

Amount
13,817,367.85
Currency
GBP

Period

Duration In Days
1,080

Amendments

Entry 1
Id
2
Rationale
Need for additional works, services or supplies by the original contractor/concessionaire: This contract is being modified in accordance with Regulation 72(1)(b) of the Public Contracts Regulations 2015, and the change is made for additional services or supplies by the original contractor that have become necessary and were not included in the initial procurement, where a change of contractor - (i) cannot be made for economic or technical reasons such as requirements of interchangeability or interoperability with existing equipment, services or installations procured under the initial procurement, and (ii) would cause significant inconvenience or substantial duplication of costs for the contracting authority provided that any increase in price does not exceed 50% of the value of the original contract
Description
Amendment to the Bank's Application Management Service contract following a change in scope. Descriptions of the modifications Change 003a amended the scope to include Oracle Accounting Hub = +£0.28m Change 004 amended the scope of the change management workstream = +£0.03m Change 006 amended the scope to include Oracle Cloud Payroll to the Service = +£0.03m Change 008a amended the scope to include design of the infrastructure and access for the reporting platform = +£0.12m Change 012 amended the scope to include configuration of an IDCS solution for Oracle Cloud Recruitment = +£0.03m Change 014 amended the scope to include changes to the solution following UAT of Oracle Cloud Recruitment = +£0.01m Change 020 amended the scope to include changes to the solution following UAT of Oracle Cloud Recruitment = +£0.01m Change 025 amended the implementation methodology, from a two phase approach, to a multiple phase approach with Oracle Modules going live based on the Bank's priorities = +£4.07m

Recorded locations

  • Buyer location · LONDON · UKI31 · EC2R8AH · United Kingdom
  • Delivery location · UK
  • Delivery location · UKI

Notice and amendment history

1 published notice version reviewed by ProcuraAxis.

1 VERSION
  1. ocds-h6vhtk-0369bf-2025-02-04T12:30:50Zcompiled ·