Award

Advisory services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

05 Nov 2024 at 15:53

Award Notice
Summary of the contracting process

The Bank of England has successfully awarded a contract for advisory services in the banking sector, classified under research and development services and related consultancy services (CPV code 73000000). The procurement method utilised was a competitive quotation (below threshold) with a limited procurement approach. The tender process completed on 10th June 2024, with the contract period set from 17th June 2024 to 16th September 2024. The awarded contract, valued at £60,000, focuses on services to be delivered in England, United Kingdom. Notable deadlines include the contract award date on 11th June 2024 and the publication of the award notice on 5th November 2024. The procurement stage is now at the award phase.

This tender provides significant opportunities for growth for small and medium-sized enterprises (SMEs) specialising in advisory and consultancy services within the banking industry. The Bank of England, a reputable institution, is the buying organisation for this contract, reinforcing credibility and potential for further business engagements. Companies like Savanta Group Ltd, the awarded supplier, have demonstrated the suitability of SMEs to meet the specific requirements of such procurements. Firms experienced in the delivery of research, development, and advisory services will find this type of contract beneficial for bolstering their portfolio and establishing long-term relationships with prominent financial institutions.

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Notice Information

Notice Title

Advisory services

Notice Description

Advisory services to Banking

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-de5b204c-9926-47a7-8d2b-2c195d1bfe70
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7f70f224-f839-4e22-88ef-4de9faa03965
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73000000 - Research and development services and related consultancy services

Notice Value(s)

Tender Value
£60,000 Under £100K
Lots Value
Not specified
Awards Value
£60,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
5 Nov 20241 years ago
Submission Deadline
10 Jun 2024Expired
Future Notice Date
Not specified
Award Date
10 Jun 20241 years ago
Contract Period
16 Jun 2024 - 16 Sep 2024 1-6 months
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
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

SAVANTA GROUP

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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