Award

Maintenance Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

01 Jul 2024 at 10:40

Summary of the contracting process

The Bank of England has awarded a contract for maintenance services in the shafts, sub-vault tunnels, and plant room areas. The contract value is £1,300,000 in GBP. The procurement method used was a direct single tender action (below threshold). The contract period is from June 19, 2024, to February 28, 2025. The tender was completed with the deadline for submissions on April 29, 2024. The contract was awarded to Econ Group Limited, a small business enterprise, located in Kent, England.

This opportunity for providing maintenance services can be beneficial for small and medium-sized enterprises (SMEs) in the works category. Businesses specialised in repair and maintenance services can leverage their expertise to compete effectively. The Bank of England, located in London, initiated this tender with a focus on supporting local businesses. The awarded contract provides a lucrative opportunity for Econ Group Limited to showcase their capabilities and deliver quality services for the designated contract period.

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

Maintenance Services

Notice Description

To provide maintenance services within in the shafts, sub-vault tunnels and plant room areas.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4016bfe3-4e23-41f4-8bee-246ca3c8a8c9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/cc0bfa9b-fe3a-4ce2-8bd9-59bcaa13df5f
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Works
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

50 - Repair and maintenance services


CPV Codes

50000000 - Repair and maintenance services

Notice Value(s)

Tender Value
£1,300,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,300,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
1 Jul 20241 years ago
Submission Deadline
29 Apr 2024Expired
Future Notice Date
Not specified
Award Date
26 Jun 20241 years ago
Contract Period
18 Jun 2024 - 28 Feb 2025 6-12 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
Not specified
Contact Email
fm.contracts@bankofengland.co.uk
Contact Phone
Not specified

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

ECON GROUP

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-b5fd17-4016bfe3-4e23-41f4-8bee-246ca3c8a8c9-2024-07-01T11:40:01+01:00",
    "date": "2024-07-01T11:40:01+01:00",
    "ocid": "ocds-b5fd17-4016bfe3-4e23-41f4-8bee-246ca3c8a8c9",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "CON/1001485",
        "title": "Maintenance Services",
        "description": "To provide maintenance services within in the shafts, sub-vault tunnels and plant room areas.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "50000000",
            "description": "Repair and maintenance services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 1300000,
            "currency": "GBP"
        },
        "procurementMethod": "direct",
        "procurementMethodDetails": "Single tender action (below threshold)",
        "tenderPeriod": {
            "endDate": "2024-04-29T12:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2024-06-19T00:00:00+01:00",
            "endDate": "2025-02-28T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "works"
    },
    "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": "FM.Contracts@bankofengland.co.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-01653504",
            "name": "Econ Group Limited",
            "identifier": {
                "legalName": "Econ Group Limited",
                "scheme": "GB-COH",
                "id": "01653504"
            },
            "address": {
                "streetAddress": "Econ Group Limited Econ House Old Maidstone Road Sidcup Kent DA14 5BA"
            },
            "details": {
                "scale": "sme",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/9yt6Qa35",
        "name": "BANK OF ENGLAND"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-4016bfe3-4e23-41f4-8bee-246ca3c8a8c9-1",
            "status": "active",
            "date": "2024-06-27T00:00:00+01:00",
            "datePublished": "2024-07-01T11:40:01+01:00",
            "value": {
                "amount": 1300000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-01653504",
                    "name": "Econ Group Limited"
                }
            ],
            "contractPeriod": {
                "startDate": "2024-06-19T00:00:00+01:00",
                "endDate": "2025-02-28T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/cc0bfa9b-fe3a-4ce2-8bd9-59bcaa13df5f",
                    "datePublished": "2024-07-01T11:40:01+01:00",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}