Award

Professional technology services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

09 Jul 2025 at 14:57

Summary of the contracting process

The Bank of England has completed a procurement process for the provision of professional technology services, executed under the Technology Support Services Framework. This procurement falls into the category of information systems or technology strategic review and planning services, specifically within CPV code 72222000. The process employed a selective tendering method, specifically a call-off from a framework agreement. The services are to be delivered within England, United Kingdom, with the award of the contract to commence from 4th April 2025 and concluding on 14th November 2025. The successful supplier, Credera Limited, has been awarded a contract valued at GBP 526,339. The tender period concluded on 28th March 2025.

This procurement presents substantial opportunities for businesses involved in technology services, particularly those with capabilities in strategic reviews and planning for information systems. While the tender did not specifically encourage participation from SMEs or VCSEs, larger enterprises specialising in technology support services, such as Credera Limited, could find significant growth prospects in similar future opportunities. Those with experience in framework agreements and possessing the agility to deliver large-scale, strategic technology solutions would be well-suited to compete in this sector. The relationship established here could open further collaborations within the public sector, reinforcing the supplier's position in the market.

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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 April and 31st May 2025

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a1f4eb20-9be7-4dd3-bdba-0f39cb347316
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/68ff186e-d69f-4dd4-862a-ef9d8d935a23
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
£526,339 £500K-£1M
Lots Value
Not specified
Awards Value
£526,339 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
9 Jul 20257 months ago
Submission Deadline
28 Mar 2025Expired
Future Notice Date
Not specified
Award Date
3 Apr 202510 months ago
Contract Period
3 Apr 2025 - 14 Nov 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
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

CREDERA

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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