Award

Research Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

18 Nov 2024 at 09:19

Award Notice
Summary of the contracting process

The Bank of England, located in Threadneedle Street, London, has awarded a contract titled "Research Services" to Oliver Wyman. This procurement falls under the industry category of Economic research services (CPV code: 79311400) and took place in London, United Kingdom. The procurement stage is at the "Award" phase as of 18th November 2024, with the contract being designated active from 19th August 2024. Key dates include the tender period ending on 8th July 2024 at 16:00 BST and the contract period spanning from 27th August 2024 to 27th November 2024. The procurement method used was selective, specifically a call-off from a framework agreement, with a total contract value of £175,000.

This tender offers substantial opportunities for large businesses specialising in economic research services to engage with a prestigious institution like the Bank of England. Companies within this sector can leverage this contract to showcase their expertise and reliability in handling significant research projects. However, it is noted that the tender was not specifically aimed at SMEs or VCSEs, indicating that large-scale firms such as Oliver Wyman, who have secured this contract, are ideal contenders for similar opportunities due to their capacity to manage extensive research operations and deliver professional insights within the defined contract timeframe.

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Notice Information

Notice Title

Research Services

Notice Description

Research services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8c86cf7c-6be2-4c20-8d6d-c5c7d73a42c5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/90ee0d62-05e4-4234-99a0-ef0080fdfbbf
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

79311400 - Economic research services

Notice Value(s)

Tender Value
£175,000 £100K-£500K
Lots Value
Not specified
Awards Value
£175,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20241 years ago
Submission Deadline
8 Jul 2024Expired
Future Notice Date
Not specified
Award Date
18 Aug 20241 years ago
Contract Period
26 Aug 2024 - 27 Nov 2024 1-6 months
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
TLI London
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

OLIVER WYMAN

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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