Award

Legal Services

BANK OF ENGLAND

This public procurement record has 2 releases in its history.

Award

23 Dec 2024 at 14:00

Award Notice
Award

11 Oct 2023 at 10:53

Award Notice
Summary of the contracting process

The Bank of England has completed the public procurement process for the provision of external legal advisors to carry out due diligence work. This tender, under the title "Legal Services," falls under the industry category of Legal services (CPV code 79100000). The procurement was conducted through a single tender action (direct procurement method) below the threshold. The procurement process included key dates, such as the tender period ending on 24th July 2023 and the contract period commencing on 25th July 2023 and concluding on 25th April 2025. The project is based in the United Kingdom, with the Bank of England located at Threadneedle Street, London.

This tender creates significant opportunities for business growth, particularly for small and medium-sized enterprises (SMEs), which the procurement specifically welcomes. The contract, valued at £376,000, was awarded to Hogan Lovells International LLP, providing substantial business potential for firms capable of delivering high-quality legal advisory services. Businesses specialising in legal services, with a focus on due diligence work, are well-suited to compete for such procurement opportunities, given the technical demands and comprehensive nature of the work required by the Bank of England for their Pension Review programme.

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Notice Information

Notice Title

Legal Services

Notice Description

Variation of an existing contract for the provision of external legal advisors to carry out due diligence work.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6e06f7d7-6e95-4bb4-8179-93b8fc2185b8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5b32409a-0df5-4cc5-ab4a-cf13c065f3be
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
Awardee Scale
SME

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
£100,000 £100K-£500K
Lots Value
Not specified
Awards Value
£476,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
23 Dec 20241 years ago
Submission Deadline
24 Jul 2023Expired
Future Notice Date
Not specified
Award Date
23 Jul 20232 years ago
Contract Period
24 Jul 2023 - 25 Apr 2025 1-2 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

HOGAN LOVELLS INTERNATIONAL

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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