Award

Cloud Enablement Services

BANK OF ENGLAND

This public procurement record has 2 releases in its history.

AwardUpdate

05 Aug 2024 at 21:24

Award Notice
Award

01 Jul 2024 at 11:11

Award Notice
Summary of the contracting process

The Bank of England has concluded the procurement process for "Cloud Enablement Services" under the industry category of IT services, specifically consulting, software development, Internet, and support (CPV code 72000000). The contract, valued at £2,500,000, will be delivered in London, United Kingdom. The procurement was done through a selective method, specifically a call-off from a framework agreement. The tender period ended on 14 February 2024, with the contract period starting on 1 April 2024 and ending on 31 March 2025. The award was published on 1 July 2024, and the latest update was on 5 August 2024.

This tender presents significant opportunities for business growth, particularly for IT service providers, consulting firms, and software development companies. The procurement process favoured small and medium-sized enterprises (SMEs), making it an attractive opportunity for smaller businesses. The awarded supplier, Version 1 Solutions Limited, a large-scale company, highlights the competitive nature of this procurement, indicating that both established IT firms and agile SMEs could find similar opportunities beneficial for expanding their portfolios and gaining strategic footholds in government contracts.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Cloud Enablement Services

Notice Description

Provision of Cloud Enablement Services.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c12de40d-5e15-42ca-9ca4-99b825f39a91
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3dd61808-a135-481c-90b0-bc8f99351622
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£2,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,500,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
5 Aug 20241 years ago
Submission Deadline
14 Feb 2024Expired
Future Notice Date
Not specified
Award Date
31 Mar 20241 years ago
Contract Period
31 Mar 2024 - 31 Mar 2025 6-12 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
TLI London
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

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-c12de40d-5e15-42ca-9ca4-99b825f39a91-2024-08-05T22:24:51+01:00",
    "date": "2024-08-05T22:24:51+01:00",
    "ocid": "ocds-b5fd17-c12de40d-5e15-42ca-9ca4-99b825f39a91",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "CON/1001449",
        "title": "Cloud Enablement Services",
        "description": "Provision of Cloud Enablement Services.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "72000000",
            "description": "IT services: consulting, software development, Internet and support"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 2500000,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2024-02-14T17:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2024-04-01T00:00:00+01:00",
            "endDate": "2025-03-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/9yt6Qa35",
            "name": "BANK OF ENGLAND",
            "identifier": {
                "legalName": "BANK OF ENGLAND",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/9yt6Qa35"
            },
            "address": {
                "streetAddress": "Threadneedle Street",
                "locality": "LONDON",
                "postalCode": "EC2R8AH",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Jason Cheung",
                "email": "technology.contracts@bankofengland.co.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-03438874",
            "name": "VERSION 1 SOLUTIONS LIMITED",
            "identifier": {
                "legalName": "VERSION 1 SOLUTIONS LIMITED",
                "scheme": "GB-COH",
                "id": "03438874"
            },
            "address": {
                "streetAddress": "Suite 3d&E, Third Floor, 31 Temple Street, Birmingham, England, B2 5DB"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/9yt6Qa35",
        "name": "BANK OF ENGLAND"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-c12de40d-5e15-42ca-9ca4-99b825f39a91-1",
            "status": "active",
            "date": "2024-04-01T00:00:00+01:00",
            "datePublished": "2024-07-01T12:11:23+01:00",
            "value": {
                "amount": 2500000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-03438874",
                    "name": "VERSION 1 SOLUTIONS LIMITED"
                }
            ],
            "contractPeriod": {
                "startDate": "2024-04-01T00:00:00+01:00",
                "endDate": "2025-03-31T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/3dd61808-a135-481c-90b0-bc8f99351622",
                    "datePublished": "2024-07-01T12:11:23+01:00",
                    "format": "text/html",
                    "language": "en",
                    "dateModified": "2024-08-05T22:24:51+01:00"
                }
            ]
        }
    ]
}