Award

Property / Construction Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

02 Oct 2025 at 10:27

Summary of the contracting process

The Bank of England has completed a selective procurement process through a framework agreement, titled "Property / Construction Services," within the commercial property management services industry. Located at their headquarters on Threadneedle Street, London, this tender was awarded on 28th July 2025 to Turner & Townsend Project Management Limited. The contract covers services from 29th July 2025 to 28th July 2030, with a total value of £3,500,000. Although the contract status is complete, the procurement stage reflects an "award," following a tender period that ended on 16th June 2025.

This tender presents significant opportunities for businesses involved in commercial property management, particularly those capable of offering extensive property and construction services. Large-scale enterprises experienced in managing substantial contracts would be well-suited to engage in similar tenders by understanding the procurement methods of major financial institutions like the Bank of England. Though the current contract has been awarded, it highlights the need for reliable partners to support the management of valuable commercial assets, which could foster growth for businesses aiming to collaborate on similar initiatives in the future.

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Notice Title

Property / Construction Services

Notice Description

The Bank requires Property / Construction Services, the project scope will vary upon an annual basis. This is a non-committal spend.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1bec7b9e-3ae1-468a-bc3c-1059f4c9263d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/70fc8121-8e27-407b-905a-631c064e8a79
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70332200 - Commercial property management services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£3,500,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
2 Oct 20254 months ago
Submission Deadline
16 Jun 2025Expired
Future Notice Date
Not specified
Award Date
27 Jul 20257 months ago
Contract Period
28 Jul 2025 - 28 Jul 2030 Over 5 years
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

TURNER & TOWNSEND PROJECT MANAGEMENT

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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