Award

CON/1001499

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

24 Sep 2024 at 11:45

Summary of the contracting process

The Bank of England has completed a procurement process to secure a partner for a Skilled Person Review, awarding the contract to Milliman Advisers Limited. The contract pertains to the industry category of business and management consultancy services. This procurement process was conducted under a selective method, specifically a call-off from a framework agreement. Key dates included the tender period ending on 12 April 2024, with the contract spanning from 5 June 2024 to 30 August 2024. The services are to be delivered in the United Kingdom, and the contract is valued at £179,838.75.

This tender presents significant opportunities for businesses within the consultancy sector, particularly those specialising in business and management consultancy services. Small and medium-sized enterprises (SMEs) could find such engagements beneficial for expanding their expertise and portfolio. Although Milliman Advisers Limited, a large-scale supplier, was awarded the contract, similar future tenders could be highly advantageous for consultancy firms looking to establish or strengthen their relationship with prominent institutions like the Bank of England. The procurement method being a call-off from a framework agreement suggests established suppliers have favourable chances, but emerging businesses can position themselves as competitive candidates by gaining relevant qualifications and joining such frameworks.

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Notice Title

CON/1001499

Notice Description

The Bank of England is seeking a partner to provide resource for a Skilled Person Review.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1a5d41ae-2aa5-4c43-8643-e104c72347df
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/eb87907a-db49-4ff1-89fc-e3a837ff90ec
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
£179,838 £100K-£500K
Lots Value
Not specified
Awards Value
£179,838 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
24 Sep 20241 years ago
Submission Deadline
12 Apr 2024Expired
Future Notice Date
Not specified
Award Date
3 Jun 20241 years ago
Contract Period
4 Jun 2024 - 30 Aug 2024 1-6 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
Not specified
Contact Email
corporate.contracts@bankofengland.co.uk
Contact Phone
Not specified

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 ADVISERS

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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