Award

Digital Services - Pensions Review

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

18 Aug 2025 at 14:59

Award Notice
Summary of the contracting process

The procurement process titled "Digital Services - Pensions Review" has concluded with an award, initially initiated by the Bank of England. This process falls under the financial consultancy services category, with the contract set to be fulfilled in the United Kingdom. The tender, valued at £253,500, reached its culmination stage with an award notice published on 18 August 2025. The contract runs from 28 June 2024 to 24 July 2025, indicating an active procurement stage. The procurement method was classified as "Other - STA," emphasising a specialised tendering approach distinct from standard open procedures.

This contract represents a significant opportunity for businesses in the financial consultancy sector, particularly those with expertise in digital services and pensions review. SMEs were specifically highlighted as suitable contenders for the opportunity, opening the doors for smaller firms to expand their market presence. The nature of the financial platform requirement presents growth opportunities for tech-driven consultancy firms or those looking to enhance their service portfolio in digital transformation within the finance industry. Businesses eager to collaborate with a prestigious organisation like the Bank of England, and capable of delivering tailored financial solutions, will find this award beneficial to their growth strategy.

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Notice Information

Notice Title

Digital Services - Pensions Review

Notice Description

Financial platform

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b19ba9ee-8add-494d-bfe7-5fcf2fb42c70
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a56c037d-8874-48b7-a335-f6f56733558f
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - STA
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£253,500 £100K-£500K
Lots Value
Not specified
Awards Value
£253,500 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Aug 20256 months ago
Submission Deadline
27 Jun 2024Expired
Future Notice Date
Not specified
Award Date
26 Jun 20258 months ago
Contract Period
27 Jun 2024 - 24 Jul 2025 1-2 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
Not specified
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

BIPPIT

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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