Award

Estate management services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

20 Mar 2025 at 17:14

Summary of the contracting process

The Bank of England has completed a competitive quotation process for estate management services, specifically focusing on lease management and administration. This procurement process falls under the real estate services industry (CPV: 70000000) and was carried out in the United Kingdom. The tender period concluded on 20th December 2024, with the contract running from 27th January 2025 to 26th January 2026. The process was conducted under a limited procurement method below the threshold value, indicating a tailored competitive quotation approach. The awarded contract, valued at £120,240, was given to Jones Lang LaSalle Limited, a large enterprise based in London. The award status was published on 17th January 2025.

This tender presents significant business growth opportunities, particularly for firms specialised in estate and lease management services. Businesses suitable for this contract would include those with robust capabilities in real estate services and experience with government or large institutional clients. Small and medium-sized enterprises (SMEs) could find competitive advantages in similar tender opportunities, owing to the procurement's suitability criteria that support SME participation. By competing in such tenders, businesses can enhance their portfolios and increase market presence within the public sector estate management field.

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Notice Title

Estate management services

Notice Description

Lease management and administration services

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0312a00e-0301-4479-a191-8469585b7e2f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f55957b5-dca3-47e7-a2d8-fbb1ac16788b
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
£120,240 £100K-£500K
Lots Value
Not specified
Awards Value
£120,240 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Mar 202511 months ago
Submission Deadline
20 Dec 2024Expired
Future Notice Date
Not specified
Award Date
17 Jan 20251 years ago
Contract Period
27 Jan 2025 - 26 Jan 2026 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC2R 8AH
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

JONES LANG LASALLE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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