Award

Technology Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

30 May 2025 at 11:40

Award Notice
Summary of the contracting process

The procurement process described pertains to the Bank of England, which has engaged in awarding a contract for professional technology services. This falls under the industry category of IT services, specifically consulting, software development, Internet, and support with CPV code 72000000. The services are to be delivered in London, United Kingdom. The procurement method was selective, executed via a call-off from a framework agreement. The contract runs from 29 January 2025 until 28 July 2027. The award phase is complete, with Accenture (UK) Limited, a large-scale supplier, having been awarded the contract for a total value of £4,257,618.88. Key dates include the award date of 29 January 2025 and publication of the award notice on 30 May 2025.

This tender presents considerable opportunities for businesses in the technology sector, particularly those involved in IT consultancy and software services. Though the contract is tailored to large enterprises, the value and scope suggest significant growth prospects through involvement in critical banking infrastructure projects. Businesses well-suited for such tender processes ideally possess a robust portfolio in technology services and the capability to operate under framework agreements. While SMEs and VCSEs were found not to be suitable for this procurement, firms with similar credentials to Accenture may find engaging in future tenders with the Bank of England advantageous for business growth.

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Notice Information

Notice Title

Technology Services

Notice Description

Professional Technology Services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a278545c-a12c-4a7b-bec1-51d8335110aa
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/17dafde9-b833-46f9-94cb-ef1e9583e6be
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
£2,828,266 £1M-£10M
Lots Value
Not specified
Awards Value
£4,257,618 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
30 May 20259 months ago
Submission Deadline
21 Oct 2024Expired
Future Notice Date
Not specified
Award Date
29 Jan 20251 years ago
Contract Period
29 Jan 2025 - 28 Jul 2027 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
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

ACCENTURE (UK

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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