Award

Professional technology services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

18 Jun 2025 at 09:13

Summary of the contracting process

The procurement process for "Professional technology services" has been completed under the Technology Support Services Framework by the Bank of England, a significant financial institution based in London, England. This contracting process falls within the "Information systems or technology strategic review and planning services" category. The procurement utilised a selective method, specifically a call-off from a framework agreement, with key activities planned between 1st April and 30th April 2025. The contract, valued at £182,900, commenced on 1st April 2025 and is set to conclude on 2nd October 2025. This award was officially published on 18th June 2025, and the tender, identified by CON/1001310 - 39, concluded its acceptance phase on 25th March 2025.

This tender presents a substantial business growth opportunity for organisations involved in technology services, particularly those capable of managing complex strategic reviews and planning within the information systems domain. Although the procurement was not aimed at SMEs or VCSEs, large, established firms like Cognizant Worldwide Limited, who was awarded this contract, are ideally suited to compete. The specifics of this selective procurement process encourage capable suppliers who can deliver under established framework agreements, thus ensuring robust competition and strategic partnerships in the technology sector within the UK.

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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 30th April 2025

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a5ba8e36-8563-445b-b3a6-cc45113ee179
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ee1b4b58-926e-48e8-84dd-8a8a419a053e
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
£182,900 £100K-£500K
Lots Value
Not specified
Awards Value
£182,900 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Jun 20258 months ago
Submission Deadline
25 Mar 2025Expired
Future Notice Date
Not specified
Award Date
31 Mar 202510 months ago
Contract Period
31 Mar 2025 - 2 Oct 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

COGNIZANT WORLDWIDE

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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