Award

Administration Support

BANK OF ENGLAND

This public procurement record has 2 releases in its history.

Award

01 Oct 2024 at 09:23

Award Notice
Award

09 Nov 2023 at 14:32

Award Notice
Summary of the contracting process

The Bank of England recently awarded the Administration Support contract under the Benefit Services category to Benefex Limited. This procurement followed a restricted procedure, initiated with the tender ID CON/1000106, and the entire process has now been completed. The contract, valued at £1,050,000, covers a period from 10th June 2023 to 31st March 2025, and is intended for delivery within the United Kingdom. Furthermore, the procurement fell within the services industry category and was deemed suitable for small and medium-sized enterprises (SMEs).

This tender presents promising opportunities for businesses that specialise in benefit services and administration support. SMEs, in particular, may find this type of contract to be a significant growth avenue due to the selective and competitive nature of the procurement process. Given the substantial contract value and relatively long duration, companies capable of providing robust administrative support services within the UK will likely see beneficial growth and development from participating in such government contracts.

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Notice Information

Notice Title

Administration Support

Notice Description

Administration support.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d4bf54c5-c8da-406b-9135-936e4f641ecd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0c32fd98-eca4-408f-8ab6-c2e2cd497859
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

75 - Administration, defence and social security services

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

CPV Codes

75310000 - Benefit services

79720000 - Investigation services

Notice Value(s)

Tender Value
£1,050,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,550,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
1 Oct 20241 years ago
Submission Deadline
26 Sep 2022Expired
Future Notice Date
Not specified
Award Date
25 Sep 20223 years ago
Contract Period
9 Jun 2023 - 31 Mar 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
Not specified
Contact Email
corporate.contracts@bankofengland.co.uk
Contact Phone
Not specified

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

BENEFEX

CABINET OFFICE

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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