Award

Advisory Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

14 Apr 2025 at 09:48

Summary of the contracting process

The Bank of England recently completed a public procurement process for the provision of advisory services, specifically project management consultancy. This tender, titled "Advisory Services," was classified under the CPV code 72224000 and falls within the services industry category. The project is located in London, United Kingdom. The procurement stage has concluded with the award being made, and the key dates include the tender period ending on 18th February 2025, with the contract period starting on 19th February 2025 and ending on 18th August 2025. The procurement method was selective, utilising a call-off from a framework agreement, and the total contract value is £90,600 GBP.

This tender presents significant business growth opportunities, particularly for large consulting firms with expertise in project management consultancy. Small and medium-sized enterprises (SMEs), as well as voluntary, community, and social enterprises (VCSEs), were not identified as suitable for this specific procurement. The awarded contract was granted to PA Consulting Services Limited, a large-scale consulting firm, indicating the scope and complexity of the services required. Businesses with a strong track record in delivering high-quality advisory services in the financial sector stand to benefit greatly from such opportunities, aligning with the Bank of England's high standards and extensive requirements.

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Notice Title

Advisory Services

Notice Description

Advisory Services

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9d3c6b4c-2775-4180-a973-575be6fc252e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/40b58ee0-5f50-4d93-bee2-c34f6ae88adc
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

72224000 - Project management consultancy services

Notice Value(s)

Tender Value
£90,600 Under £100K
Lots Value
Not specified
Awards Value
£90,600 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Apr 202510 months ago
Submission Deadline
18 Feb 2025Expired
Future Notice Date
Not specified
Award Date
19 Feb 20251 years ago
Contract Period
19 Feb 2025 - 18 Aug 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
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

PA CONSULTING SERVICES

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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