Award

Technology services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

12 Nov 2024 at 13:38

Summary of the contracting process

The Bank of England, located in London, engaged in a procurement process for technology services, specifically focusing on information systems or technology strategic review and planning services. This process, falling under the industry category CPV 72222000, was completed under a selective procurement method through a call-off from a framework agreement. The tender period concluded on 22nd July 2024, with the contract period running from 29th July 2024 to 21st February 2025. This contract, valued at £63,600, has been awarded to Ten10 Solutions Limited, also based in London. The procurement process is now at the award stage, with the award being active as of 18th July 2024.

This tender presents significant opportunities for businesses specialising in technology services, particularly those capable of strategic IT planning and review. Small and medium-sized enterprises (SMEs) may find this tender especially appealing, given that the procurement suitability criteria indicated a preference for such businesses. Companies that excel in delivering high-quality technology solutions and have previous experience working within a framework agreement setting are well-suited to compete for similar future opportunities. Engaging with high-profile clients like the Bank of England can serve as a significant growth catalyst, enhancing a business's portfolio and reputation within the industry.

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Notice Title

Technology services

Notice Description

Technology Services.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ca86c584-9f04-4db9-856b-df5aed3f315c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4bd9df26-1848-4627-9dad-3abd91d7ff5c
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
SME

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
£63,600 Under £100K
Lots Value
Not specified
Awards Value
£63,600 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Nov 20241 years ago
Submission Deadline
22 Jul 2024Expired
Future Notice Date
Not specified
Award Date
17 Jul 20241 years ago
Contract Period
28 Jul 2024 - 21 Feb 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

TEN10 SOLUTIONS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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