Award

Technology Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

10 Sep 2024 at 08:33

Summary of the contracting process

The Bank of England has completed a selective procurement process for "Technology Services" under the industry category of Information systems or technology strategic review and planning services (CPV 72222000). The procurement, which falls under the services category, was conducted as a call-off from a framework agreement. The contract, valued at £1,668,020, will be carried out in England with the contract period running from 28th June 2024 to 28th February 2025. The award was given to Accenture (UK) Limited, and the official award date was 27th June 2024 with the notice published on 10th September 2024.

This tender presents significant opportunities for businesses involved in technology strategy and planning services. Given the high contract value and the market reputation of the Bank of England, it serves as a prestigious reference for any winning bidder. This procurement is particularly well-suited for medium and large enterprises, especially those familiar with framework agreements and those capable of delivering large-scale technology services. The industry can expect further opportunities along similar lines, fostering growth and increased business potential for competent service providers. The suitability criteria highlight that SMEs were considered, further encouraging smaller businesses to engage in such bidding processes in future tenders.

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Notice Title

Technology Services

Notice Description

Technology Services

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d6dd409f-9eb1-4893-8463-28c16c6b3b5b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f9dadaae-4509-43db-a09f-8cc8b677ddb7
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

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
£1,668,020 £1M-£10M
Lots Value
Not specified
Awards Value
£1,668,020 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
10 Sep 20241 years ago
Submission Deadline
10 May 2024Expired
Future Notice Date
Not specified
Award Date
26 Jun 20241 years ago
Contract Period
27 Jun 2024 - 28 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
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
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

ACCENTURE (UK

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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