Award

Variation to Cost Management Services Agreement

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

08 Sep 2025 at 13:21

Summary of the contracting process

The procurement process involves a contract variation for cost management services by the Bank of England, with the title "Variation to Cost Management Services Agreement." This contract is classified under the commercial property management services category and is located in London, England, specifically in EC2R 8AH. The procurement stage is currently at the award phase, with the contract award being active as of 16th April 2025. The contract values an additional £60,000, bringing the total to £194,880, and the contract period runs from 17th April 2025 to 31st January 2026. The procurement method utilised is a direct award through a single tender action below the threshold, typically indicative of inviting a specific supplier due to their expertise or a special requirement.

This tender creates significant opportunities for large businesses specialising in commercial property management services. The direct procurement method suggests a particular interest in businesses with established reputations and capabilities to deliver tailored project management services efficiently and effectively. Participating firms could benefit by securing a high-profile client like the Bank of England, enhancing their portfolio and allowing for expanded business relations within the financial sector. However, this opportunity is unsuitable for SMEs or voluntary, community, and social enterprises (VCSEs) due to specific suitability criteria.

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Notice Title

Variation to Cost Management Services Agreement

Notice Description

Variation for additional project management services for PS60,000. New contract value is PS194,880.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4c170d83-ba83-4fcc-95f8-065ad92f36f9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/53e9b90c-e74b-4f1a-bf74-60748b5f6dc8
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70332200 - Commercial property management services

Notice Value(s)

Tender Value
£60,000 Under £100K
Lots Value
Not specified
Awards Value
£60,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
8 Sep 20255 months ago
Submission Deadline
16 Apr 2025Expired
Future Notice Date
Not specified
Award Date
15 Apr 202510 months ago
Contract Period
16 Apr 2025 - 31 Jan 2026 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
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

GARDINER & THEOBALD

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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