Award

RTGS ISAE 3402 Audit Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

01 Oct 2025 at 15:25

Award Notice
Summary of the contracting process

The procurement process initiated by the Bank of England involves the provision of RTGS ISAE 3402 Audit Services, classified under the industry category of auditing services. The process is executed through a selective procurement method as a call-off from a framework agreement. Located in the United Kingdom, this tender has progressed to the award stage, with KPMG LLP being the successful supplier. The contract is valued at £2,172,000 and will span from 7th August 2025 to 6th August 2030, marking a strategic long-term engagement in auditing services.

This tender presents significant opportunities for business growth, particularly for large-scale enterprises capable of providing auditing services under stringent regulatory standards. Businesses in the auditing sector, especially those with expertise in handling high-value, complex financial audits, are well-positioned to compete for such contracts. The suitability consideration for SMEs is noted, although the successful supplier in this instance is a large enterprise. Such contracts can bolster a firm's portfolio and establish a substantial presence within the public sector financial auditing domain.

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Notice Information

Notice Title

RTGS ISAE 3402 Audit Services

Notice Description

RTGS ISAE 3402 audit services.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9fe8c747-4004-4366-9a35-15fb00a05937
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/91c3b608-5ec7-4eee-9f5b-71f75b0f15ef
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

79212000 - Auditing services

Notice Value(s)

Tender Value
£2,172,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,172,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
1 Oct 20254 months ago
Submission Deadline
3 Jun 2025Expired
Future Notice Date
Not specified
Award Date
5 Aug 20256 months ago
Contract Period
6 Aug 2025 - 6 Aug 2030 Over 5 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
Not specified
Contact Email
corporate.contracts@bankofengland.co.uk
Contact Phone
+44 20 7601 1116

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

KPMG

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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