Award

Engineering Insurance Contract Extension (1 year)

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

12 Sep 2023 at 10:25

Summary of the contracting process

The Bank of England has awarded an Engineering Insurance Contract Extension for one year. The contract falls under the insurance services category with a total value of £31,000 in GBP. The procurement process was initiated through a direct procurement method with a Single tender action (below threshold) approach. The contract period runs from March 1, 2023, to February 29, 2024, and the tender period ended on February 20, 2023. The successful supplier is HSB Engineering Insurance Limited based in London, United Kingdom.

This tender opportunity presents a chance for businesses in the insurance services sector, particularly those dealing with engineering insurance, to expand their portfolios. Small and medium-sized enterprises (SMEs) are suitable for this opportunity. The Bank of England, as the buyer, located at Threadneedle Street, London, has provided contact details for inquiries related to the contract. By engaging with this tender process, businesses can access a valuable contract in the insurance services industry with a reputable organization.

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Notice Title

Engineering Insurance Contract Extension (1 year)

Notice Description

BOE engineering insurance contract extension for one year

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-36fa6ba9-3a11-4dd6-8602-5f2a3ebce501
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/75e7ea90-7aca-4dc4-bca0-e2874526549f
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

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£31,000 Under £100K
Lots Value
Not specified
Awards Value
£31,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Sep 20232 years ago
Submission Deadline
20 Feb 2023Expired
Future Notice Date
Not specified
Award Date
28 Feb 20232 years ago
Contract Period
1 Mar 2023 - 29 Feb 2024 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

HSB ENGINEERING INSURANCE

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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