Award

Executive Recruitment Search

BANK OF ENGLAND

This public procurement record has 2 releases in its history.

AwardUpdate

18 Nov 2025 at 11:58

Award

11 Nov 2025 at 15:29

Summary of the contracting process

The recent procurement process initiated by the Bank of England focused on the recruitment of executives, specifically for appointing up to three new members for a bank committee. The tender, titled "Executive Recruitment Search", falls under the services category with a CPV classification of recruitment services. Valued at £70,000, the contract was executed through a selective procurement method, specifically a call-off from a framework agreement. This process was completed by the relevant deadline of 12th September 2025, with the contracting stage reaching its conclusion, as indicated by the active award status on 12th September 2025. The Bank of England, located in London, served as the buying organisation, and the services are to be delivered in London, United Kingdom, over the contract period from 29th September 2025 to 28th September 2026.

This procurement process presents notable growth opportunities for businesses engaged in the recruitment sector, particularly those capable of handling executive searches for high-profile organisations like the Bank of England. The tender is especially suitable for small and medium-sized enterprises (SMEs) due to its call-off from an established framework that heightens competitiveness. Though the award went to IRG Advisors LLP, large-scale businesses capable of delivering recruitment services could find similar future opportunities worthwhile. Companies that are prepared to extend their services for executive placements and are familiar with navigating framework agreements would be well-positioned to compete effectively in this sector.

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Notice Title

Executive Recruitment Search

Notice Description

Executive recruitment

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d2c2d421-1374-403f-8190-692894d6a2f2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4a29cf09-a9fc-43ee-bd69-4e844c1b72e9
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

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79600000 - Recruitment services

Notice Value(s)

Tender Value
£70,000 Under £100K
Lots Value
Not specified
Awards Value
£70,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20253 months ago
Submission Deadline
12 Sep 2025Expired
Future Notice Date
Not specified
Award Date
11 Sep 20255 months ago
Contract Period
28 Sep 2025 - 28 Sep 2026 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
Not specified
Contact Email
corporate.contracts@bankofengland.co.uk
Contact Phone
02034612595

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

IRG ADVISORS

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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