Award

Professional technology services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

04 Jun 2025 at 14:55

Summary of the contracting process

The procurement process was conducted by the Bank of England under the title "Professional technology services" within the Information systems or technology strategic review and planning services category. The tender, located in England, is now in the award stage, with Cognizant Worldwide Limited appointed as the supplier. The procurement method was selective, following a call-off from a pre-existing Technology Support Services Framework. The contract, valued at £676,310, had its tender period closing on 17th February 2025, and covers a service period from 1st March to 1st October 2025.

This tender provides substantial opportunities for large technology firms specialising in strategic IT consultancy and support services. Businesses capable of providing complex technological solutions and strategic planning will find potential growth by collaborating with a prestigious financial institution like the Bank of England. While SMEs and VCSEs may not have been deemed suitable for this specific opportunity, the framework-based procurement approach suggests that firms already part of such frameworks should continuously engage to leverage future opportunities within this domain.

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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 March and 31st March 2025

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c608fd76-e335-4a37-abf2-6c9d9ec3fdc3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b9cd7b78-fd06-49a0-a73a-8bce84591be9
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
£676,310 £500K-£1M
Lots Value
Not specified
Awards Value
£676,310 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
4 Jun 20258 months ago
Submission Deadline
17 Feb 2025Expired
Future Notice Date
Not specified
Award Date
1 Mar 202511 months ago
Contract Period
1 Mar 2025 - 1 Oct 2025 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
020 3461 4878

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

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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