Award

Flexible Legal Resourcing

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

19 Dec 2023 at 11:03

Award Notice
Summary of the contracting process

The Bank of England has awarded a contract for "Flexible Legal Resourcing," a service providing legal support for the bank's strategic priorities. The contract falls under the legal services industry category and follows a selective procurement method. The contract period runs from 20th December 2023 to 19th December 2025, with a total value of £3,000,000. The buying organisation is located in London, England, and the tender closed on 16th November 2022.

This tender awarded to Simmons & Simmons LLP presents an opportunity for businesses, especially in the legal services sector, to collaborate with the Bank of England. Small and medium-sized enterprises (SMEs) are particularly well-suited for this contract opportunity. The Bank of England, as the buying organisation, aims to engage suppliers for additional legal support, project leadership, and mentoring within its Legal Department, offering a growth opportunity for legal service providers.

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Notice Information

Notice Title

Flexible Legal Resourcing

Notice Description

This service provides the Bank with the ability to call on additional Legal support on a short and medium term basis in support of the Bank's strategic priorities and business as usual legal activities. The Legal resources will: - Provide legal advice and support to all areas of the Bank on complex legal issues. - Lead projects and subject matter specialist teams. - Represent the Bank in discussions with external bodies. - Provide mentoring and coaching to junior colleagues within the Legal Department. This contract has PS0 cost commitment on award. Costs will only be committed to via individual statements to deliver with specified deliverables.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9923530d-dc03-4321-86ff-3e962e11d8f1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c8802f78-ce20-485b-8a14-596ccf0f2974
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79100000 - Legal services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£3,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
19 Dec 20232 years ago
Submission Deadline
16 Nov 2022Expired
Future Notice Date
Not specified
Award Date
27 Feb 20232 years ago
Contract Period
20 Dec 2023 - 19 Dec 2025 2-3 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
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

SIMMONS & SIMMONS

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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