Award

Provision of Technical Assurance Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

13 Oct 2022 at 14:53

Summary of the contracting process

The Bank of England has recently awarded a contract for the provision of Technical Assurance Services to PricewaterhouseCoopers LLP. The contract involves business and management consultancy services valued at £3,000,000 in the UK. The procurement method used was a selective Restricted procedure, with the tender period ending on March 24, 2022, and the contract running from June 10, 2022, to June 9, 2025.

This opportunity offers potential for businesses in the consultancy and related services industry. Companies with expertise in technical assurance services would be well-suited to compete for this contract. The Bank of England, as the buyer, is seeking suppliers who can provide expert advisory skills to their RTGS Renewal Programme. Businesses looking to grow in the consultancy sector should consider engaging with the Bank of England for future opportunities.

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Notice Title

Provision of Technical Assurance Services

Notice Description

A 3 year contract to cover technical assurance services when required. The expectation is that there will be 2 reviews and reports per year with the supplier however there is no commitment to this from the Bank. This will allow the Bank to have access to a suitably experienced supplier to bring expertise and advisory skills to the RTGS Renewal Programme.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-86191d6e-2596-487e-8f4e-b1f424bdec55
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ed6b7e60-772f-4fa2-91a9-adf52e3021aa
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure (above threshold)
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
£500,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Oct 20223 years ago
Submission Deadline
24 Mar 2022Expired
Future Notice Date
Not specified
Award Date
18 Apr 20223 years ago
Contract Period
9 Jun 2022 - 9 Jun 2025 3-4 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

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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