Award

Legal Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

23 Dec 2024 at 16:28

Award Notice
Summary of the contracting process

The Bank of England has concluded the procurement process for a contract titled "Legal Services" within the legal services industry category. This process involved the variation of an existing contract for the provision of external legal advisors. The procurement was conducted through a direct method using a single tender action below the threshold, and it has now reached the award stage. The contract period commenced on 26th March 2023 and is set to end on 30th August 2024. The value of the contract is £350,000, and the procurement is primarily based in the United Kingdom. Burges Salmon LLP was awarded the contract, with the official award notice published on 23rd December 2024.

This tender represents significant opportunities for business growth, particularly for small and medium-sized enterprises (SMEs) specialising in legal services. The direct and single tender action suggests an expedited procurement process, which can benefit efficiently managed firms capable of delivering high-quality legal advisory services. Businesses that offer specialised legal expertise in financial regulatory environments, similar to those required by prestigious institutions such as the Bank of England, would find themselves well-suited to compete and succeed in such procurement opportunities.

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Notice Information

Notice Title

Legal Services

Notice Description

Variation of an existing contract for the provision of external legal advisors

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-72259933-af40-442b-9224-5afdb3c97be1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7e87e313-5a84-4fb5-9ce8-03b01f595c9a
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
Not specified
Lots Value
Not specified
Awards Value
£350,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
23 Dec 20241 years ago
Submission Deadline
1 Mar 2023Expired
Future Notice Date
Not specified
Award Date
20 Mar 20232 years ago
Contract Period
26 Mar 2023 - 30 Aug 2024 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
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

BURGES SALMON

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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