Award

Provision of professional technology services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

27 Sep 2024 at 13:25

Summary of the contracting process

The Bank of England has recently awarded a contract for the provision of professional technology services to support various technology projects under the Technology Support Services Framework. This tender falls within the Information Systems or Technology Strategic Review and Planning Services category and covers work within England. The procurement process, initiated as a tender, reached the award stage on 8th January 2024. The contract period extends from 16th January 2024 to 31st March 2025, with the full contract value amounting to £4,087,215. The procurement method used in this selective process was a call-off from a framework agreement.

This tender presents significant business growth opportunities for firms specialising in delivering comprehensive technology services, particularly those capable of managing large-scale, strategic IT projects. It is an ideal opportunity for well-established companies with the necessary expertise and resources to fulfil high-value contracts and align with the needs of prestigious clients such as the Bank of England. Companies looking to expand their portfolio and establish a presence in the public sector technology support services market would find this contract particularly advantageous. The suitability criteria indicate a preference for experienced, large-scale suppliers, excluding SMEs and voluntary, community and social enterprises (VCSEs).

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Notice Title

Provision of professional technology services

Notice Description

Provision of professional technology services to support the delivery of a number of different Technology projects. This is under Technology Support Services Framework.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e3bcc075-c05d-4e34-8d8a-154c31a49711
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7e276152-e71c-444b-b6d7-4350d85b6512
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
Not specified
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
£4,087,215 £1M-£10M
Lots Value
Not specified
Awards Value
£4,087,215 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
27 Sep 20241 years ago
Submission Deadline
3 Jan 2024Expired
Future Notice Date
Not specified
Award Date
8 Jan 20242 years ago
Contract Period
16 Jan 2024 - 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

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Technology Procurement Team
Contact Email
technology.contracts@bankofengland.co.uk
Contact Phone
02034613000

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

COGNIZANT TECHNOLOGY SOLUTIONS GLOBAL SERVICES

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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