Award

Technology Review

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

13 Oct 2022 at 14:40

Award Notice
Summary of the contracting process

The Bank of England has awarded a contract for the provision of a Technology Review. This contracting opportunity falls under the services category with a value of £396,600. The review aims to enhance the Bank's digital and technology capability through developing a digital strategy aligned with its mission. The procurement method employed was a selective process, with the tender period closing on 21st February 2022. The contract is set to commence on 5th April 2022 and run until 4th April 2023, offering a clear timeline for potential bidders.

Businesses in the business and management consultancy services sector may find growth opportunities by bidding for this tender. The review project promises the selected supplier a one-year engagement with a focus on digital innovation and strategy development for the Bank of England. While the suitability criteria indicated a preference for larger suppliers, businesses with expertise in digital transformation and strategic consultancy services are well-positioned to compete effectively. This opportunity presents a significant chance for qualified firms to contribute to enhancing the digital capabilities of a prestigious financial institution.

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Notice Information

Notice Title

Technology Review

Notice Description

To Provide a suitably experienced supplier with the specialist knowledge and advisory skills to conduct a review of the Bank's digital and technology capability. 1 year contract covering the delivery of the following: *Comprehensive review of the Bank's approach to digital innovation *With the Bank's Mission at the core, produce a 'digital strategy' to optimise the service, deliver more efficiency and value; *As part of the strategy, provide a costed set of short and longer term recommendations.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0c7228e1-fbb3-493d-8bee-08b135fb5dac
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/955c0461-0d4a-4e57-9ee3-27743d548d18
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£396,600 £100K-£500K
Lots Value
Not specified
Awards Value
£396,600 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
13 Oct 20223 years ago
Submission Deadline
21 Feb 2022Expired
Future Notice Date
Not specified
Award Date
31 Mar 20223 years ago
Contract Period
4 Apr 2022 - 4 Apr 2023 6-12 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

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
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

OLIVER WYMAN

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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