Award

Legal Advisory Services

BANK OF ENGLAND

This public procurement record has 3 releases in its history.

AwardUpdate

10 Sep 2025 at 08:54

AwardUpdate

10 Sep 2025 at 08:53

Award

30 Dec 2024 at 11:34

Summary of the contracting process

The Bank of England has completed a procurement process for "Legal Advisory Services" under CPV code 79111000. This contract, with a total value of £514,800, was awarded to Ashurst LLP, encompassing legal advisory services within the United Kingdom, specifically England. The procurement method employed was a limited, competitive quotation approach, below the financial threshold, indicative of a streamlined and efficient procurement process. The tender stage concluded with an award on 22 July 2024, with services contracted from 30 July 2024 through to 29 July 2026. This process was managed in accordance with the Open Contracting Data Standard (OCDS) by the Cabinet Office.

This tender presents a substantial opportunity for legal service providers to collaborate with a prestigious financial institution like the Bank of England. Large firms with a focus on legal advisory services are especially well-suited to compete for such contracts. Despite the contract's completion, the details and structure provide insights into potential future opportunities for businesses aiming to engage in similar procurement processes. Firms with robust legal expertise in financial services can benefit from understanding the nuances of the competitive quotation and limited procurement method that have been utilised.

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Notice Title

Legal Advisory Services

Notice Description

Legal advisory services

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5d26dcdb-4baf-4b94-8bb5-0ad9e9d362e5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/722dbcdb-0cef-4a02-96a6-491de79f00c9
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79111000 - Legal advisory services

Notice Value(s)

Tender Value
£514,800 £500K-£1M
Lots Value
Not specified
Awards Value
£514,800 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
10 Sep 20255 months ago
Submission Deadline
21 Jun 2024Expired
Future Notice Date
Not specified
Award Date
21 Jul 20241 years ago
Contract Period
29 Jul 2024 - 29 Jul 2026 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
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

ASHURST

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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