Award

Institute & Faculty of Actuaries

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

13 Oct 2022 at 15:07

Summary of the contracting process

The Bank of England has awarded a contract to the Institute and Faculty of Actuaries for legal services worth £90,000. The contract involves providing membership, CPD training, and in-person training days for Actuaries to carry out their roles. The procurement method used was a direct single tender action, with the tender period ending on 21st July 2022. The contract is active and runs from 22nd July 2022 to 21st July 2023, benefiting Actuaries based in the UK and internationally.

This tender from the Bank of England creates opportunities for businesses in the legal services industry, particularly those providing educational and professional development services for Actuaries. Businesses offering membership services and training courses to professional bodies like the Institute and Faculty of Actuaries would be well-suited to compete for similar contracts. The contract period offers stability for the selected supplier, fostering potential growth and long-term business relationships within the Actuarial sector.

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Notice Title

Institute & Faculty of Actuaries

Notice Description

The Institute and Faculty of Actuaries (IFoA) is the UK's only chartered professional body dedicated to educating, developing and regulating actuaries based both in the UK and internationally. This contract is for the fees to provide membership, CPD training and in-person training days necessary for Actuaries of the Bank and the PRA to carry out their roles.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-597bbbeb-a653-4e71-9270-8f2c9d07d14a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/73921757-e45c-4e28-bf6a-c6e794e60f1f
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

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


CPV Codes

79100000 - Legal services

Notice Value(s)

Tender Value
£90,000 Under £100K
Lots Value
Not specified
Awards Value
£90,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
13 Oct 20223 years ago
Submission Deadline
21 Jul 2022Expired
Future Notice Date
Not specified
Award Date
20 Jul 20223 years ago
Contract Period
21 Jul 2022 - 21 Jul 2023 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

INSTITUTE AND FACULTY OF ACTUARIES

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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