Award

Legal Services - ISDA Documentation Update

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

25 Mar 2024 at 09:44

Summary of the contracting process

The Bank of England has awarded a contract for Legal Services - ISDA Documentation Update. The procurement process was completed with a value of £90,000 in GBP. The contract period is from November 1, 2023, to May 1, 2025. The procurement method used was a competitive quotation (below threshold). The tender was published on October 23, 2023, with a tender deadline of August 21, 2023. The Bank of England, based in London, England, was the buying organization for this service procurement.

This legal services tender by the Bank of England presents an opportunity for businesses to provide legal services related to updating ISDA documentation. Small and medium-sized enterprises (SMEs) with expertise in legal services and experience in financial law would be well-suited to compete for this contract opportunity. The competitive quotation process makes it accessible for SMEs to participate and potentially grow their business through this awarded contract.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Legal Services - ISDA Documentation Update

Notice Description

Provision of a legal service to update the Bank's ISDA documentation to reflect changes in the law and changes to ISDA protocols.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-23d43e4d-a273-49c6-981f-128dba386a6d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e1a596a5-8122-4276-947c-aec12e624b68
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79100000 - Legal services

Notice Value(s)

Tender Value
£90,000 Under £100K
Lots Value
Not specified
Awards Value
£90,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Mar 20241 years ago
Submission Deadline
21 Aug 2023Expired
Future Notice Date
Not specified
Award Date
22 Oct 20232 years ago
Contract Period
1 Nov 2023 - 1 May 2025 1-2 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
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

LINKLATERS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-23d43e4d-a273-49c6-981f-128dba386a6d-2024-03-25T09:44:21Z",
    "date": "2024-03-25T09:44:21Z",
    "ocid": "ocds-b5fd17-23d43e4d-a273-49c6-981f-128dba386a6d",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "CON/1001433",
        "title": "Legal Services - ISDA Documentation Update",
        "description": "Provision of a legal service to update the Bank's ISDA documentation to reflect changes in the law and changes to ISDA protocols.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "79100000",
            "description": "Legal services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 90000,
            "currency": "GBP"
        },
        "procurementMethod": "limited",
        "procurementMethodDetails": "Competitive quotation (below threshold)",
        "tenderPeriod": {
            "endDate": "2023-08-21T12:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2023-11-01T00:00:00Z",
            "endDate": "2025-05-01T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/9yt6Qa35",
            "name": "BANK OF ENGLAND",
            "identifier": {
                "legalName": "BANK OF ENGLAND",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/9yt6Qa35"
            },
            "address": {
                "streetAddress": "Threadneedle Street",
                "locality": "LONDON",
                "postalCode": "EC2R8AH",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "Corporate.contracts@bankofengland.co.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-OC326345",
            "name": "Linklaters LLP",
            "identifier": {
                "legalName": "Linklaters LLP",
                "scheme": "GB-COH",
                "id": "OC326345"
            },
            "address": {
                "streetAddress": "One Silk Street London EC2Y 8HQ"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/9yt6Qa35",
        "name": "BANK OF ENGLAND"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-23d43e4d-a273-49c6-981f-128dba386a6d-1",
            "status": "active",
            "date": "2023-10-23T00:00:00+01:00",
            "datePublished": "2024-03-25T09:44:21Z",
            "value": {
                "amount": 90000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-OC326345",
                    "name": "Linklaters LLP"
                }
            ],
            "contractPeriod": {
                "startDate": "2023-11-01T00:00:00Z",
                "endDate": "2025-05-01T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/e1a596a5-8122-4276-947c-aec12e624b68",
                    "datePublished": "2024-03-25T09:44:21Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}