Award

Legal Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

17 Aug 2023 at 08:31

Summary of the contracting process

The Bank of England has awarded a contract for legal services related to the Energy Markets Financing Scheme to Freshfields Bruckhaus Deringer LLP. The contract, with a value of £160,000, was procured using a direct procurement method, specifically a Single tender action (below threshold) approach. The tender period ended on September 7, 2022, and the contract period is from September 12 to October 10, 2022. The location for service delivery is in England, United Kingdom.

This contract for legal services presents an opportunity for law firms or legal service providers to engage with the public sector. Businesses in the legal services industry, particularly those with expertise in financial market regulations, are well-suited to compete for similar tenders in the future. Understanding the specific requirements and compliance standards of the Energy Markets Financing Scheme would be crucial for firms aiming to secure similar contracts with government agencies.

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Notice Title

Legal Services

Notice Description

A one-off requirement for external legal services relating to the launch of the Energy Markets Financing Scheme; a joint scheme delivered by HM Treasury and the Bank of England.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a86b0de3-eb31-4c8c-9e3b-3ac130519125
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6374d860-25fc-411b-bcc3-3de2a204a56c
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79100000 - Legal services

Notice Value(s)

Tender Value
£160,000 £100K-£500K
Lots Value
Not specified
Awards Value
£160,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Aug 20232 years ago
Submission Deadline
7 Sep 2022Expired
Future Notice Date
Not specified
Award Date
6 Sep 20223 years ago
Contract Period
11 Sep 2022 - 10 Oct 2022 30 days
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
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
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

FRESHFIELDS BRUCKHAUS DERINGER

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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