Award

Professional technology services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

07 Apr 2025 at 15:44

Award Notice
Summary of the contracting process

The Bank of England has completed the procurement process for professional technology services within the Technology Support Services Framework. This contract, identified by CON1001310 - 18, focuses on information systems or technology strategic review and planning services, classified under CPV code 72222000. It was awarded to Cognizant Worldwide Limited, a large-scale supplier, following a selective procurement method through a call-off framework agreement. The contract period runs from 1st September 2024 to 23rd April 2025, with a value of £1,168,010. Key dates include the end of the tender period on 19th August 2024, and the contract's initiation on 1st September 2024, located in London, EC2R 8AH.

This tender represents a significant opportunity for businesses specialising in technology strategic review and planning services to grow by partnering with a prestigious institution like the Bank of England. Large businesses with a strong track record in delivering high-quality technology services under framework agreements will be well positioned to succeed. Engaging in such high-value contracts can enhance their market credibility and provide substantial financial benefits. SMEs and VCSEs, however, might find this tender less suitable due to its specific requirements and scale.

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Notice Information

Notice Title

Professional technology services

Notice Description

Provision of professional technology services. Awarded under Technology Support Services Framework. For statements of work awarded between 1st Sept and 31st Oct 2024

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c217e688-6910-4c5d-aa80-29879ad0dd18
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/118b2290-7860-4e7a-a9d2-8fd370318104
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
£1,168,010 £1M-£10M
Lots Value
Not specified
Awards Value
£1,168,010 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
7 Apr 202510 months ago
Submission Deadline
19 Aug 2024Expired
Future Notice Date
Not specified
Award Date
31 Aug 20241 years ago
Contract Period
31 Aug 2024 - 23 Apr 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
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

COGNIZANT WORLDWIDE

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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