Award

Skilled Person Review

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

30 Sep 2024 at 12:46

Award Notice
Summary of the contracting process

The Bank of England has concluded the procurement process for a Skilled Person Review, awarding the contract to Deloitte. This initiative falls under the Financial Consultancy Services category and is based in the United Kingdom. The procurement employed a selective method via a call-off from a framework agreement, with key deadlines including the tender period ending on 1 March 2024 and the contract period running from 21 March 2024 to 4 April 2024. The award was made active on 1 March 2024, and the total contract value is £750,000.

This tender offers significant growth opportunities, particularly for businesses adept at delivering financial consultancy services. It is well-suited for SMEs given its stipulations on suitability, although it was ultimately awarded to a large-scale firm, Deloitte. Participation in similar procurements can enhance business profiles, provide valuable experience, and lead to long-term relationships with prominent institutions like the Bank of England.

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Notice Information

Notice Title

Skilled Person Review

Notice Description

The Bank of England appointed a partner to provide a resource for a Skilled Person Review

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-da7febc7-b67a-4f53-9de5-a6a7e289823b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a2a52aa7-b533-4f0b-859d-3f801c52a29a
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
Not specified
Lots Value
Not specified
Awards Value
£750,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
30 Sep 20241 years ago
Submission Deadline
1 Mar 2024Expired
Future Notice Date
Not specified
Award Date
1 Mar 20241 years ago
Contract Period
21 Mar 2024 - 4 Apr 2024 30 days
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
Chengetai Garaiza
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
1
Supplier Name

DELOITTE

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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