Award

Skilled Person Review

BANK OF ENGLAND

This public procurement record has 2 releases in its history.

Award

14 Oct 2024 at 11:06

Award Notice
Award

14 Dec 2023 at 11:45

Award Notice
Summary of the contracting process

The Bank of England has awarded a contract for a Skilled Person Review, under the industry category of Financial Consultancy Services. The procurement was conducted using a call-off from a framework agreement, classifying it as a selective procurement method. This tender covers services to be provided within the United Kingdom, with the contract period starting on 6th July 2023 and ending on 30th May 2025. The award was published on 14th October 2024, increasing the contract value to GBP 635,968 to accommodate additional work. The procurement process is in the Award stage, with the main buyer being the Bank of England, located in London, England.

The Skilled Person Review contract presents significant growth opportunities for businesses that specialise in financial consultancy services. This particular tender is well-suited for small and medium-sized enterprises (SMEs) capable of providing skilled professional resources for detailed financial reviews. The primary supplier for this contract is Ernst & Young Europe LLP, a large-scale enterprise based in London. Engaging in such contracts can help businesses build expertise, expand their portfolio, and secure partnerships with prestigious institutions like the Bank of England.

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Notice Information

Notice Title

Skilled Person Review

Notice Description

This is a contract variation which extends the existing agreement for the provision of a skilled person resource. It will increase the contract value and adjust the end date to accommodate additional work under the project.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cacf420b-b462-403e-be76-633117b48c48
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/033872fb-0918-4d26-adc9-da4aab62ca48
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

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£1,700,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,335,968 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
14 Oct 20241 years ago
Submission Deadline
23 May 2023Expired
Future Notice Date
Not specified
Award Date
22 May 20232 years ago
Contract Period
5 Jul 2023 - 30 May 2025 1-2 years
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
2
Supplier Names

ERNST & YOUNG

ERNST & YOUNG EUROPE

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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