Award

Cost Management Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

16 Dec 2025 at 15:34

Award Notice
Summary of the contracting process

The procurement process initiated by the Bank of England pertains to the provision of cost management services within the project and design preparation sector. This contract, valued at £48,000, was concluded through a direct procurement method, specifically via a single tender action below the threshold. Located at Threadneedle Street, London, the project aligns with the services category and is classified under CPV code 71242000. Key dates include the tender period ending on 7th November 2025, followed by the contract period spanning from 10th November to 31st December 2025. The award, active as of 7th November 2025, was published on 16th December 2025, signifying the completion of the procurement stage.

This tender presents significant opportunities for businesses in project estimation and design sectors, especially those equipped to provide intricate cost management services. While it may not be particularly suited for SMEs or VCSEs, large enterprises like WSP UK Ltd, which has secured the contract, can leverage such opportunities to augment their portfolio and strengthen relationships with esteemed institutions such as the Bank of England. Companies residing in or around London might find this advantageous due to logistical ease and proximity to the contract site, fostering potential collaborations with the buyer's well-established entity.

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Notice Information

Notice Title

Cost Management Services

Notice Description

Provision of Cost Management Services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b75145ca-43e2-4f73-883b-2adcb8e977cf
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a6fefa62-e18e-4da0-9287-4ef2dc0da4f9
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

71 - Architectural, construction, engineering and inspection services

CPV Codes

71242000 - Project and design preparation, estimation of costs

Notice Value(s)

Tender Value
£48,000 Under £100K
Lots Value
Not specified
Awards Value
£48,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Dec 20252 months ago
Submission Deadline
7 Nov 2025Expired
Future Notice Date
Not specified
Award Date
7 Nov 20253 months ago
Contract Period
10 Nov 2025 - 31 Dec 2025 1-6 months
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

WSP

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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