This public procurement record has 1 release in its history.

Award

27 Aug 2024 at 16:02

Summary of the contracting process

The Bank of England has awarded a contract for "Temporary Resourcing" under the industry category of Recruitment services (CPV 79600000). This procurement process, categorised under services, was conducted via a single tender action (below threshold), and the tender period concluded on 16 July 2024. The contract runs from 1 August 2024 to 31 January 2025 and involves providing temporary resourcing of Operations and Maintenance staff, primarily within England, United Kingdom. The contract value is £59,725.72, and the award notice was published on 27 August 2024. The procurement stage is currently in the Award phase.

This tender offers substantial opportunities for small and medium-sized enterprises (SMEs) looking to expand their footprint in the recruitment services industry. With a focus on temporary staffing solutions, companies specialising in providing qualified personnel for operations and maintenance roles would be well-positioned to compete. The nature of this contract aligns well with businesses that can deliver rapid and reliable staffing solutions within the specified timeframe and budget. Given that the winning supplier is VOLMECH ELECTRICAL CONTRACTORS LIMITED, other similar companies could look for analogous opportunities in public procurement to drive their growth.

How relevant is this notice?

Notice Title

Temporary Resourcing

Notice Description

Provide temporary resourcing of Operations and Maintenance staff

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4420db2b-5e76-4556-b85e-867991f7ab95
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fe276f5e-8b11-43db-beb2-0515bf953dd9
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79600000 - Recruitment services

Notice Value(s)

Tender Value
£59,725 Under £100K
Lots Value
Not specified
Awards Value
£59,725 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Aug 20242 years ago
Submission Deadline
16 Jul 2024Expired
Future Notice Date
Not specified
Award Date
19 Jul 20242 years ago
Contract Period
1 Aug 2024 - 31 Jan 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
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
Postcode Area
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

Volmech Limited

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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