Award

IT Services

BANK OF ENGLAND

This public procurement record has 2 releases in its history.

AwardUpdate

31 Jan 2025 at 11:00

Award

17 Dec 2024 at 14:07

Summary of the contracting process

The Bank of England has completed a procurement process for IT Services under the title “Provision of professional services,” classified under the industry category of computer-related professional services (CPV code 72590000). The contract, valued at GBP 134,855, includes the delivery of services within England, United Kingdom. The procurement was conducted using a direct method with a single tender action below the threshold. The tender period ended on 25 April 2024, with the contract period running from 1 May 2024 to 30 April 2025. An award notice for this contract was published on 17 December 2024.

This tender represents an excellent opportunity for small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) to demonstrate their capabilities in delivering high-quality IT services to a reputable institution like the Bank of England. Businesses specialising in computer-related professional services, particularly those with expertise in IT service management, would be well-suited to compete for such contracts in the future. The Bank’s involvement ensures credibility and the potential for long-term relationships, enhancing business growth and development.

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Notice Title

IT Services

Notice Description

Provision of professional services

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-490bb706-8946-4670-9edd-5ad48d65bbda
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c1c14eb4-cdd0-40ff-bb2e-5998ba91cc25
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, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support


CPV Codes

72590000 - Computer-related professional services

Notice Value(s)

Tender Value
£134,855 £100K-£500K
Lots Value
Not specified
Awards Value
£134,855 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
31 Jan 20251 years ago
Submission Deadline
25 Apr 2024Expired
Future Notice Date
Not specified
Award Date
3 Jun 20241 years ago
Contract Period
30 Apr 2024 - 30 Apr 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
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

THE ITSM PEOPLE

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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