Award

New Payments Architecture - procurement of legal services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

12 Sep 2023 at 11:07

Summary of the contracting process

The Bank of England has awarded a contract for the procurement of legal services related to the New Payments Architecture (NPA). The contract, with a value of £40,000 GBP, was awarded to ASHURST LLP. The tender was conducted using a direct procurement method, specifically a Single Tender Action. The contract period spans from 13th January 2023 to 28th February 2023, with a tender deadline on 5th January 2023. The procurement falls under the services category and is suitable for small and medium-sized enterprises.

Businesses specialising in legal services and familiar with the financial industry should consider pursuing opportunities related to the New Payments Architecture. This tender award by the Bank of England showcases a potential for growth in providing legal evaluations for new payment systems. Small and medium-sized enterprises are encouraged to explore similar tenders in the services category that match their expertise and capacity for successful participation in public procurement processes.

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Notice Title

New Payments Architecture - procurement of legal services

Notice Description

Procurement of legal services- The Bank requires a legal firm to evaluate the legal risks to the Bank resulting from the introduction of a new payment system called the New Payment Architecture (NPA).

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-35458da2-b49e-46af-83b8-63c744fe1aa4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b5f57a08-a429-4ffb-8ac0-6926aaa2cc7b
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (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
£40,000 Under £100K
Lots Value
Not specified
Awards Value
£40,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Sep 20232 years ago
Submission Deadline
5 Jan 2023Expired
Future Notice Date
Not specified
Award Date
5 Jan 20233 years ago
Contract Period
13 Jan 2023 - 28 Feb 2023 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
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

ASHURST

Further Information

Notice Documents

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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