Award

Technology Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

19 Feb 2025 at 11:46

Summary of the contracting process

The Bank of England has completed a selective procurement process for the provision of Technology Services, classified under IT services, including consulting, software development, and Internet support (CPV code 72000000). The procurement, conducted through a call-off from a framework agreement, covers services in England, United Kingdom. The contract, valued at £165,300, has been awarded to PA Consulting Services Ltd. The tender period ended on 21st June 2024, and the contract period spans from 4th September 2024 to 4th February 2025.

This tender offers significant business growth opportunities for companies involved in IT services, particularly those with expertise in consulting and software development. Although this contract may not be suitable for SMEs or VCSEs, larger businesses specializing in IT services can benefit from such partnerships. The Bank of England's reliance on high-standard technology services underscores the potential for contractors to secure long-term projects and enhance their portfolios through such high-profile engagements.

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Notice Title

Technology Services

Notice Description

Technology Services

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-91f9f8ff-65e7-4b0c-9921-2eec24eb9ed8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/63ee2bfc-442f-4fb8-95ff-20b337560bfd
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

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£165,300 £100K-£500K
Lots Value
Not specified
Awards Value
£165,300 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Feb 20251 years ago
Submission Deadline
21 Jun 2024Expired
Future Notice Date
Not specified
Award Date
19 Feb 20251 years ago
Contract Period
3 Sep 2024 - 4 Feb 2025 1-6 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
Not specified
Contact Email
maneesh.sharma@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

PA CONSULTING SERVICES

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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