Award

Technology Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

22 Oct 2024 at 07:57

Award Notice
Summary of the contracting process

The Bank of England has completed a public procurement process to award a contract for Technology Services under the industry category of software support services. The contract, valued at £3,645,860, was awarded through a direct award (waiver) method. The procurement stage is currently in the Award phase, with the contract period commencing on 15th December 2024 and ending on 14th December 2029. The services will be delivered in England, United Kingdom. Key dates included the tender period ending on 1st August 2024 and the award date on 30th September 2024.

This tender presents significant opportunities for businesses capable of providing high-quality software support services. It is particularly well-suited for large organisations with substantial resources and experience in handling complex technology service contracts. Although the direct award method was used in this case, similar future tenders may provide competitive opportunities for capable suppliers aiming to establish or expand their business relationship with prestigious institutions like the Bank of England.

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Notice Information

Notice Title

Technology Services

Notice Description

Technology Services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-886657b8-1a9c-40d8-a325-e9a1c545ed84
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/013d5fe1-c5a4-4cfd-9966-71fd9152137e
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Direct Award (Waiver)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72261000 - Software support services

Notice Value(s)

Tender Value
£3,645,860 £1M-£10M
Lots Value
Not specified
Awards Value
£3,645,860 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
22 Oct 20241 years ago
Submission Deadline
1 Aug 2024Expired
Future Notice Date
Not specified
Award Date
29 Sep 20241 years ago
Contract Period
15 Dec 2024 - 14 Dec 2029 Over 5 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

ION GROUP

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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