Award

Technical Assistance for the Independence and Reorganisation of the Central Bank of Bangladesh

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 1 release in its history.

Award

13 Jun 2025 at 09:40

Award Notice
Summary of the contracting process

The procurement process, titled "Technical Assistance for the Independence and Reorganisation of the Central Bank of Bangladesh," was conducted by the Foreign Commonwealth and Development Office (FCDO) and falls under the industry category of business and management consultancy services (CPV code: 79410000). With a procurement method described as a call-off from a framework agreement, it relates to the FCDO's Transformative Economic Policy Programme in Bangladesh. This contract was valued at £499,890 and spans from 9th June 2025 to 31st January 2026. The award process, now complete, identified Pegasys Limited as the successful supplier. The procurement was selective, with the opportunity tailor-made to accommodate small and medium-sized enterprises (SMEs). While the delivery is based largely in the United Kingdom, it also encompasses the British Overseas Territories, Europe, and other regions worldwide.

This tender provides significant opportunities for growth, particularly for SMEs in the consultancy sector. The contract's scope includes facilitating legal reform and enhancing organisational structures and governance of Bangladesh Bank, highlighting its potential impact in high-level financial reform domains. Additionally, businesses with expertise in change management, human resources, legal drafting, and advisory services related to central banking reform will find unique opportunities to showcase their skills and expand their expertise. Companies that can quickly mobilise resources and offer tailored strategic guidance will be particularly well-suited to compete effectively in such a transformative and fast-paced international project.

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Notice Information

Notice Title

Technical Assistance for the Independence and Reorganisation of the Central Bank of Bangladesh

Notice Description

This Notice relates to publication of call-down contract under Lot 11 of Global Development Delivery (GDD) Framework that requires a service provider or a consortium of service providers ("Supplier") provide technical expertise to Bangladesh Bank and the Government of Bangladesh to advise on and implement the tasks listed below through this contract (henceforth referred to as 'Legal Reform'). The project is time sensitive and requires rapid mobilisation, deployment of experts and execution. This contract is part of FCDO's Transformative Economic Policy Programme - Bangladesh (TEPP). The supplier will be responsible for the following outputs and deliverables: - Rapid needs assessment based on consultation with senior management of Bangladesh Bank, FCDO and other stakeholders - Advisory report outlining options on central bank independence with recommendations tailored to the Bangladesh context. - Quality assurance and drafting advice for new legislation for an independent central bank. - Advisory report on the formation and operation of independent monetary policy and financial stability committees of the central bank. - Advisory report on strengthening governance processes and reforming accountability mechanisms of Bangladesh Bank. - Developing a prioritised implementation plan for reforming Bangladesh Bank's internal structures, processes and systems identifying activities and deliverables for two phases: with phase one to be completed by 2025 and phase two by 2026. - Provide support for change management and internal communication for a smooth transition. - Execution and completion of phase one with a smooth transition to the new management structure and organogram with minimal disruption. - Future state design: a modern, fit for purpose human resource and talent management strategy, policies and processes; management processes that promotes accountability, collaboration and efficiency with clear roles and responsibilities.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1ac0ff16-161d-4553-9a5a-2dc105f36de8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/98cb151a-1429-4cbc-ac38-62fdebedce2b
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

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

CPV Codes

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
£499,890 £100K-£500K
Lots Value
Not specified
Awards Value
£499,890 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
13 Jun 20258 months ago
Submission Deadline
23 May 2025Expired
Future Notice Date
Not specified
Award Date
9 Jun 20258 months ago
Contract Period
8 Jun 2025 - 31 Jan 2026 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
FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
EAST KILBRIDE
Postcode
G75 8EA
Post Town
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM9 Southern Scotland
Small Region (ITL 3)
TLM95 South Lanarkshire
Delivery Location
Not specified
Local Authority
South Lanarkshire
Electoral Ward
East Kilbride West
Westminster Constituency
East Kilbride and Strathaven

Supplier Information

Number of Suppliers
1
Supplier Name

PEGASYS

Further Information

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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