Award

Provision of professional technology services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

27 Sep 2024 at 13:39

Summary of the contracting process

The procurement process conducted by the Bank of England has successfully concluded with the award for the provision of professional technology services. This tender, classified under Information systems or technology strategic review and planning services (CPV: 72222000), operated within the services category. The procurement utilised a selective method, specifically as a call-off from a framework agreement. The tender period ended on 8th February 2024, with the contract commencing on 12th February 2024 and concluding on 23rd August 2024. The services will be delivered within England, United Kingdom, with a contract value of £216,510.

This tender represents significant growth opportunities for businesses specialising in technology support services. Companies with capabilities in strategic tech reviews and planning would find this an ideal contract to participate in due to the high-profile nature of the Bank of England as the buying organisation. Although this particular contract was awarded to Version 1 Solutions Limited, large-scale enterprises with robust technology service portfolios are well-suited for similar future opportunities. The involvement in such projects not only provides substantial financial benefits but also enhances the company’s prestige and credibility in the industry.

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Notice Title

Provision of professional technology services

Notice Description

Provision of professional technology services to support the delivery of a number of different Technology projects. This is under Technology Support Services Framework.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b6842f76-c27e-41af-a849-c1d72c3a3ffb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a17b9061-3fe0-4797-9da8-62dc055fd252
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
£216,510 £100K-£500K
Lots Value
Not specified
Awards Value
£216,510 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Sep 20241 years ago
Submission Deadline
8 Feb 2024Expired
Future Notice Date
Not specified
Award Date
12 Feb 20242 years ago
Contract Period
12 Feb 2024 - 23 Aug 2024 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
02034613000

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

VERSION 1 SOLUTIONS

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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