Award

Financial Platform 2025

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

24 Oct 2025 at 09:59

Award Notice
Summary of the contracting process

The procurement process for the "Financial Platform 2025" has been completed, with the award phase reached as of 24th October 2025. This procurement was managed by the Bank of England, a prominent financial institution situated in London, England. It falls under the industry category of Financial consultancy services and was conducted via a selective procurement method, specifically a call-off from a dynamic purchasing system. The project, valued at £769,364.13, aims at delivering financial consultancy services, with the contract running from 25th July 2025 to 24th July 2028. This contract was awarded to Bippit Ltd, and while the procurement process is now in the award stage, the initial tender period concluded on 24th June 2025.

This tender offers significant opportunities for business growth, especially for SMEs, as it underscores the viability of small-scale businesses participating in large governmental and financial institution contracts. Enterprises specialising in financial consultancy, technology platforms, and dynamic procurement systems would find such contracts particularly lucrative. Engaging in this sector enables businesses to leverage high-value contracts in the UK financial services market, fostering direct interactions with major financial entities like the Bank of England. The call-off from a dynamic purchasing system further implies that businesses with adaptable and bespoke service offerings could align their capabilities to meet specific contract needs, enhancing their competitive edge in the market.

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Notice Information

Notice Title

Financial Platform 2025

Notice Description

Financial Platform

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1f0baeb4-b966-4bec-88c4-6a0794e65461
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/39e4605d-e261-4beb-b8ea-12b16c7a6634
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a dynamic purchasing system
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
£769,364 £500K-£1M
Lots Value
Not specified
Awards Value
£769,364 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
24 Oct 20254 months ago
Submission Deadline
24 Jun 2025Expired
Future Notice Date
Not specified
Award Date
7 Jul 20257 months ago
Contract Period
24 Jul 2025 - 24 Jul 2028 3-4 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
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

BIPPIT

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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