Award

Technology services

BANK OF ENGLAND

This public procurement record has 2 releases in its history.

AwardUpdate

18 Sep 2025 at 09:08

Award

18 Sep 2025 at 08:49

Summary of the contracting process

The Bank of England has concluded a procurement process under the title "Technology services," focusing on information systems or technology strategic review and planning services. This tender, classified under the industry category CPV 72222000, was conducted using a selective procurement method through a call-off from a framework agreement. Situated in England, this contract involved services to be executed between 10th July 2025 and 27th February 2026, with a total contract value of £155,800. The procurement process progressed to the award stage with the contract awarded to Axiologik Limited, a large-scale enterprise based in Wetherby, on 10th July 2025, with the award notice published on 18th September 2025.

This tender presents significant opportunities for businesses specialising in technology services, particularly those experienced in strategic review and planning within information systems. Despite the suitability criteria indicating limited prospects for SMEs or VCSEs, larger corporations with established frameworks and the capacity to deliver complex technology solutions should find competitive advantage. Companies capable of fulfilling strategic contracts efficiently can leverage this framework agreement to bolster their public sector portfolio and enhance growth in similar sectors.

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Notice Title

Technology services

Notice Description

Provision of technology services. Awarded under Technology Support Services Framework. For statements of work awarded between 1st July and 31st July 2025

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a806a30a-ee2a-49a5-a6bf-302341d3e16b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9e5a20ec-8a62-479d-8d48-a1278f414b85
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
£155,800 £100K-£500K
Lots Value
Not specified
Awards Value
£155,800 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Sep 20255 months ago
Submission Deadline
3 Jul 2025Expired
Future Notice Date
Not specified
Award Date
9 Jul 20257 months ago
Contract Period
9 Jul 2025 - 27 Feb 2026 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

AXIOLOGIK

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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