Award

Advisory Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

29 Jan 2025 at 11:37

Award Notice
Summary of the contracting process

The Bank of England has awarded a contract for advisory services related to small bank resolution to PricewaterhouseCoopers LLP. This financial consultancy project falls under the services category and will be executed in England, United Kingdom. The procurement was conducted using a selective method, specifically a call-off from a framework agreement. Significant dates to note include the tender period ending on 31 October 2024, the contract starting on 1 November 2024, and concluding on 17 February 2025. The contract's value is £75,000 GBP.

This tender presents a significant opportunity for businesses specialising in financial consultancy to collaborate with a prestigious institution like the Bank of England. While PricewaterhouseCoopers LLP, a large-scale enterprise, has secured the contract, similar tenders can offer robust opportunities for growth to companies with strong expertise in financial advisory services. Large enterprises with established frameworks for handling complex financial consulting projects would be particularly well-suited for such opportunities.

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Notice Information

Notice Title

Advisory Services

Notice Description

Advisory services for small bank resolution

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-752d0c73-e44d-4a66-b4b7-d14278a90516
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5f4e3cc6-0b2b-44ac-887e-2448a6d2ed02
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

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£75,000 Under £100K
Lots Value
Not specified
Awards Value
£75,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
29 Jan 20251 years ago
Submission Deadline
31 Oct 2024Expired
Future Notice Date
Not specified
Award Date
31 Oct 20241 years ago
Contract Period
1 Nov 2024 - 17 Feb 2025 1-6 months
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
Not specified
Contact Email
corporate.contracts@bankofengland.co.uk
Contact Phone
Not specified

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

PRICEWATERHOUSECOOPERS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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