Award

Technology Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

21 Aug 2025 at 10:16

Summary of the contracting process

The Bank of England has completed a procurement process for Technology Services under the industry category of Business and Management Consultancy, with the location specified as England, United Kingdom. This procurement followed a selective method through a call-off from a framework agreement, and the contract was awarded to Efficio Limited. The tender period concluded on 21st June 2024, and the resulting contract is set to run from 6th January 2025 to 6th September 2025. The procurement stage is now at the award phase, with the award announced on 23rd December 2024.

This tender, targeting the Technology Directorate, provides significant business growth opportunities, particularly for organisations capable of delivering technology-related consultancy services within England. While the contract has been awarded to a larger scale company, Efficio Limited, businesses that specialise in business and management services and are able to work under existing framework agreements could find similar opportunities appealing. The process was open to VCSE organisations, highlighting potential inclusivity for diverse business types in future opportunities.

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Notice Title

Technology Services

Notice Description

Technology service to Technology Directorate.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a885f5cc-ac00-458c-867c-736ffc4cf4d8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f30cd8c9-a401-4ba5-929d-5013fc42e451
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
VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£292,352 £100K-£500K
Lots Value
Not specified
Awards Value
£292,352 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
21 Aug 20256 months ago
Submission Deadline
21 Jun 2024Expired
Future Notice Date
Not specified
Award Date
23 Dec 20241 years ago
Contract Period
6 Jan 2025 - 6 Sep 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
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

EFFICIO

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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