Award

Technology services

BANK OF ENGLAND

This public procurement record has 2 releases in its history.

AwardUpdate

12 Nov 2024 at 12:36

Award

12 Nov 2024 at 12:29

Summary of the contracting process

The Bank of England has concluded the procurement process for the provision of technology services, specifically focusing on information systems or technology strategic review and planning services, with a classified CPV code of 72222000. The process utilised a selective procurement method, calling off from a framework agreement. The tender, issued in England, has a total value of £706,645, with the contract period commencing on 29th June 2024 and concluding on 18th July 2025. This procurement exercise has moved from the tender stage to the award stage, with key dates including the end of the tender period on 22nd June 2024 and the award date on 12th June 2024. The awarded contract is announced with Coforge U.K. Limited as the supplier.

This tender presents significant opportunities for business growth, particularly for small and medium-sized enterprises (SMEs) capable of delivering high-quality strategic review and planning services within the technology sector. Given the nature of the work specified, businesses with expertise in technology consulting, IT strategy, and system planning are well-suited to compete. Participation in such frameworks not only provides direct revenue opportunities but also positions businesses favourably for future procurements by establishing a proven track record with high-profile clients like the Bank of England.

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Notice Title

Technology services

Notice Description

Technology Services.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-821bccce-bf46-4619-952f-4cab62424b0f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/10612668-5770-4499-9517-d4a9de5875af
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
£706,645 £500K-£1M
Lots Value
Not specified
Awards Value
£706,645 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
12 Nov 20241 years ago
Submission Deadline
22 Jun 2024Expired
Future Notice Date
Not specified
Award Date
11 Jun 20241 years ago
Contract Period
28 Jun 2024 - 18 Jul 2025 1-2 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
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

COFORGE

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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