Awarded contract

Architecture Resources - Amendment

Details

Supplier(s)
Credera ltd
Value
£1,756,000
Duration
6 months
Topic
IT services: consulting, software development, Internet and support
Published
16 July 2026

Tender description

Update to include VAT in the value. Contract award via a bank Framework for various Architecture Resources for an initial term of 6 months, with the option to extend (6+6+6 month period). The value is for the initial six month term only.

Timeline

  1. Completed: Award date1 July 2026
  2. Completed: Award published16 July 2026
    Current notice
  3. Next: Contract expiry date31 December 2026in 3 months

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

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Decision makers

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