Award

Professional technology services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

03 Apr 2025 at 10:30

Summary of the contracting process

The Bank of England has completed a procurement process titled "Professional technology services" within the services industry category. The procurement was conducted under the Technology Support Services Framework using a selective method, specifically a call-off from a framework agreement. The awarded contract commenced on 1st September 2024 and concluded on 2nd April 2025. The project involved strategic review and planning for information systems or technology at a cost of £1,813,940. The location for service delivery is London, with the postal code EC2R 8AH. Key dates included the tender period ending on 19th August 2024 and the award notice published on 3rd April 2025.

This procurement presents substantial business growth opportunities, particularly for large companies capable of providing advanced technology services. As the winning bidder, Telstra UK Limited, demonstrated, businesses with extensive expertise in strategic technology planning and a robust capability to meet the needs of major financial institutions stand to benefit significantly. The tender aligns well with enterprises looking to expand their footprint in the high-demand sector of technological services, particularly for organisations the size and scale of the Bank of England. The project’s selective procurement method underscores the importance of having proven credentials and prior successful engagements within this framework.

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Notice Title

Professional technology services

Notice Description

Provision of professional technology services. Awarded under Technology Support Services Framework. For statements of work awarded between 1st Sept and 30th Sept 2024

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8dab512e-67fb-4cd0-ab73-e7e3a71dace1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/07d8550e-16b9-4974-8776-a81253a34b99
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

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
£1,813,940 £1M-£10M
Lots Value
Not specified
Awards Value
£1,813,940 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
3 Apr 202510 months ago
Submission Deadline
19 Aug 2024Expired
Future Notice Date
Not specified
Award Date
31 Aug 20241 years ago
Contract Period
31 Aug 2024 - 2 Apr 2025 6-12 months
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
Technology Procurement Team
Contact Email
technology.contracts@bankofengland.co.uk
Contact Phone
020 3461 4878

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
Not specified

Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

TELSTRA

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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