Award

External Audit Service

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

09 Apr 2024 at 07:45

Award Notice
Summary of the contracting process

The Bank of England has awarded a contract for External Audit Service through a selective procurement method, calling off from a framework agreement. The contract, with a value of £3,438,000, started on March 1, 2024, and will end on February 28, 2029. The contracting authority is the Bank of England, located in London, England. The procurement stage is now in the award phase, with the tender period ending on June 26, 2023.

This tender for External Audit Service provides an opportunity for large auditing firms to compete for a long-term contract with the Bank of England. Businesses in the auditing services industry, especially those experienced in providing external audit services, would find this tender well-suited for potential business growth. The selected supplier, Ernst and Young LLP, has won the contract, demonstrating the potential for similar firms to succeed in this competitive procurement process.

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Notice Information

Notice Title

External Audit Service

Notice Description

External Audit Service

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6adef9ca-d2b0-4781-80ab-6aed4ff61691
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/04f528f0-8a9c-4f70-b0ee-d49758667e69
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
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

79212000 - Auditing services

Notice Value(s)

Tender Value
£3,438,000 £1M-£10M
Lots Value
Not specified
Awards Value
£3,438,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
9 Apr 20241 years ago
Submission Deadline
26 Jun 2023Expired
Future Notice Date
Not specified
Award Date
29 Feb 20241 years ago
Contract Period
1 Mar 2024 - 28 Feb 2029 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

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

ERNST AND YOUNG

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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