Award

Skilled Person Review

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

13 Nov 2024 at 16:45

Award Notice
Summary of the contracting process

The Bank of England has recently completed a procurement process for a "Skilled Person Review" under the financial consultancy services industry category (CPV: 66171000). The contract was awarded to Milliman LLP through a call-off from a framework agreement with a selective procurement method. The contract commenced on 5th September 2024 and will end on 16th December 2025. This process, in the award stage, is specifically geared towards services in the United Kingdom. Key dates include the tender closing on 1st August 2024, and the contract award date of 1st August 2024.

This tender represents a significant opportunity for businesses specialising in financial consultancy, particularly for small and medium-sized enterprises (SMEs), given the Bank of England's suitability criteria favouring SMEs. Engaging in such a high-profile project can provide the winning bidder with valuable exposure and further opportunities within the financial sector. Firms with robust financial analysis capabilities and experience in regulatory compliance reviews would be well-positioned to compete for similar future tenders.

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Notice Information

Notice Title

Skilled Person Review

Notice Description

The Bank of England appointed a partner to provide a resource for a Skilled Person Review

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1019e968-e696-4f09-a555-f1cb011eeedd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/498d607b-c69a-4015-b541-cad334a0ad00
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£70,161 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
13 Nov 20241 years ago
Submission Deadline
1 Aug 2024Expired
Future Notice Date
Not specified
Award Date
31 Jul 20241 years ago
Contract Period
4 Sep 2024 - 16 Dec 2025 1-2 years
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
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

MILLIMAN

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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