Award

Technology Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

12 Nov 2024 at 12:34

Summary of the contracting process

The Bank of England has completed the procurement process for Technology Services, classified under Information systems or technology strategic review and planning services (CPV: 72222000). This contract is located in England, United Kingdom, with a tender process that ended on 26 June 2024, and the contract period runs from 3 July 2024 to 14 February 2025. The procurement method used was selective, specifically a call-off from a framework agreement, with a total contract value of £473,825. The supplier selected for this contract is Cognizant Technology Solutions Ltd, a large-scale company.

This tender presents a substantial opportunity for businesses in the technology sector, particularly those specialising in strategic review and planning services for information systems. Small and medium-sized enterprises (SMEs) were also considered suitable for this procurement, although the final award went to a large company. Enterprises positioned to offer comprehensive and strategic technology services could find similar future opportunities to engage with prestigious clients like the Bank of England, thereby expanding their business portfolios and gaining considerable market credibility.

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Notice Title

Technology Services

Notice Description

Technology Services.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-728352a8-d768-4400-933c-956297ec8ddd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3731a03b-3c3f-44f3-b2d3-5d07c9567bcc
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support


CPV Codes

72222000 - Information systems or technology strategic review and planning services

Notice Value(s)

Tender Value
£473,825 £100K-£500K
Lots Value
Not specified
Awards Value
£473,825 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Nov 20241 years ago
Submission Deadline
26 Jun 2024Expired
Future Notice Date
Not specified
Award Date
3 Jul 20241 years ago
Contract Period
2 Jul 2024 - 14 Feb 2025 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

COGNIZANT TECHNOLOGY SOLUTIONS

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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