Securities & Collateral Management Settlement System Support and Maintenance Contract
Details
- Buyer
- Bank of England
- Supplier(s)
- VERMEG SYSTEMS LIMITED
- Value
- £8,000,000
- Duration
- 7 years
- Topic
- IT services: consulting, software development, Internet and support
- Published
- 17 September 2025
- Source
- uk:find_a_tender
Tender description
Vermeg Securities & Collateral Management Settlement System Support and Maintenance Contract ## Contract award ## Contract award
Timeline
- Completed: Award date10 September 2025
- Completed: Award published17 September 2025Current notice
- Next: Contract expiry date20 December 2032in 6 years
About the buyer
The Bank of England is the UK's central bank, and it buys as a Sub-Central Contracting Authority under the Procurement Act 2023. Suppliers register on the Bank's Oracle Fusion Supplier Portal before they can be invited to tender. Contract notices also appear on the government's Find a Tender Central Digital Platform. The Bank's Commercial Division runs the tendering process and scores bids against published selection criteria. An evaluation panel made up of Bank officers then assesses full tender submissions against the stated award criteria. Registered suppliers then move from prospective to spend-authorised status once they have won a contract.
Procurement spend from central entities makes up 66% of overall UK public spend.
Over the past 5 years, most of Bank of England's contract awards have been in IT services, software and information systems and business services.
Relevant CPV codes
- 72000000 · IT services: consulting, software development, Internet and support
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@bank-of-england.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@bank-of-england.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@bank-of-england.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@bank-of-england.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@bank-of-england.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@bank-of-england.gov |
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