Award

Advisory Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

23 Dec 2024 at 16:11

Summary of the contracting process

The Bank of England has completed the procurement process for advisory services, amounting to £3,000,000. The tender, classified under business and management consultancy and related services (CPV code 79400000), is related to services provided in England, United Kingdom. The procurement was conducted using a selective method, specifically a call-off from a framework agreement. Key dates include the initial tender period end date on 7th May 2024, with the contract running from 25th July 2024 to 24th July 2028. The award was officially published on 23rd December 2024.

This procurement process opens opportunities for businesses specialising in consultancy services, particularly those with experience in providing strategic advice to major financial institutions. While the opportunity is not suited to small and medium enterprises (SMEs) or voluntary, community, and social enterprises (VCSEs), it can be highly beneficial for large consultancy firms aiming to expand their portfolio with prestigious clients. The awarded contractor, The Berkeley Partnership LLP, indicates the level of calibre required to compete in this high-value contract. Businesses in the management consultancy industry can leverage this tender to showcase their capabilities and secure significant long-term contracts.

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Notice Title

Advisory Services

Notice Description

Advisory services. Two (2) + Two (2) optional extension periods of one (1) year each.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-77ff4106-e4c9-4d1f-a683-03ac09ef9f1a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8f433dce-4f87-428d-bbef-087da5d9453b
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

79400000 - Business and management consultancy and related services

Notice Value(s)

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

Notice Dates

Publication Date
23 Dec 20241 years ago
Submission Deadline
7 May 2024Expired
Future Notice Date
Not specified
Award Date
29 Jul 20241 years ago
Contract Period
24 Jul 2024 - 24 Jul 2028 4-5 years
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
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

THE BERKELEY PARTNERSHIP

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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