Award

Cyber Assurance

BANK OF ENGLAND

This public procurement record has 2 releases in its history.

Award

01 Oct 2024 at 09:35

Award Notice
Award

25 Aug 2022 at 09:43

Award Notice
Summary of the contracting process

The Bank of England has concluded a competitive procurement process for cyber assurance services, classified under the auditing services industry (CPV code 79212000). The contract, valued at £150,000, commenced on 1st March 2022 and is set to end on 28th February 2025. This limited procurement was conducted using a competitive quotation method due to its below-threshold value. The winning bidder, C3IA Solutions Ltd, was awarded the contract on 28th February 2022. The service will be delivered within the United Kingdom, primarily associated with the Bank of England's internal audit division.

This tender presents significant growth opportunities for businesses specialising in cybersecurity and auditing services, particularly small and medium-sized enterprises (SMEs). Firms with expertise in cyber assurance and a proven track record in the financial sector would be well-positioned to compete in similar future tenders. The Bank of England’s ongoing need for robust cyber assurance services underscores a stable demand, making it a promising contract for businesses aiming to establish or expand their presence in the public financial sector.

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Notice Information

Notice Title

Cyber Assurance

Notice Description

Cyber assurance services. Additional information: This contract has been extended by 1 year to allow for a competitive tender process to take place. The value of this contract has not increased.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-853e6eb1-fbbb-4498-98b5-e4ae1c27b316
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3ada7c0c-f5b0-4092-8213-9c29eb3a3861
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79212000 - Auditing services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
£150,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
1 Oct 20241 years ago
Submission Deadline
17 Jan 2022Expired
Future Notice Date
Not specified
Award Date
28 Feb 20223 years ago
Contract Period
1 Mar 2022 - 28 Feb 2025 3-4 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
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

C3IA 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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