Award

Professional Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

17 Sep 2024 at 09:39

Summary of the contracting process

The Bank of England has successfully awarded a contract titled "Professional Services" for facilities management to Cushman & Wakefield Facilities Management Trading Limited. This procurement pertains to the industry category of procurement consultancy services, identified by the CPV code 79418000. The competitive quotation method, classified under "limited" procurement, was utilised, and the tender process culminated on 22 July 2024. The contract commenced on 12 August 2024 and will run until 1 December 2025. Cushman & Wakefield, a large-scale supplier, will deliver the contracted services at the Bank of England's location in London, EC2R 8AH. The total contract value is GBP 199,200.

This tender presents noteworthy business growth opportunities, particularly for businesses offering procurement consultancy and facilities management expertise. Small and medium-sized enterprises (SMEs) could find this type of limited and competitive quotation procurement method advantageous, given the scope and defined value of the project. Companies specialising in high-standard, comprehensive facilities management services may find themselves well-suited to undertake similar projects, leveraging their expertise to secure contracts with prestigious institutions like the Bank of England.

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Notice Title

Professional Services

Notice Description

Professional services for facilities management.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-475a127c-a768-4dac-9c06-ef9aeb9becab
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a382fb79-c398-46a6-84eb-db47301d1d3a
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

79418000 - Procurement consultancy services

Notice Value(s)

Tender Value
£199,200 £100K-£500K
Lots Value
Not specified
Awards Value
£199,200 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Sep 20241 years ago
Submission Deadline
22 Jul 2024Expired
Future Notice Date
Not specified
Award Date
25 Jul 20241 years ago
Contract Period
11 Aug 2024 - 1 Dec 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
Not specified

Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

CUSHMAN & WAKEFIELD FACILITIES MANAGEMENT TRADING

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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