Award

Property Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

19 Sep 2025 at 13:54

Summary of the contracting process

The Bank of England has completed its procurement process for the provision of "Property Services" targeting the mechanical and electrical engineering services industry within the East of England, United Kingdom. The process, identified under the tender ID CON/1001882, followed a selective procurement method, specifically a call-off from a framework agreement. The tender period concluded on 1st May 2025, with the contract subsequently awarded to Aecom Limited. The contract commenced on 9th May 2025 and will run until 31st March 2030. The award, valued at £926,280.21, marked the completion stage of the procurement with the award status officially published on 19th September 2025.

This tender creates substantial opportunities for large businesses involved in mechanical and electrical engineering services to expand their portfolios through long-term contracts with reputable financial institutions like the Bank of England. While it is not specifically targeted towards SMEs or VCSEs, organisations with expertise and resources in property and engineering services are well-suited to deliver on such significant projects. The contract's duration and financial scope provide stability and growth potential for suppliers like Aecom Limited, which successfully secured the award by leveraging its large-scale operational capabilities.

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Notice Title

Property Services

Notice Description

Property Services

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e41a6158-c9b5-46f2-b1f7-edaa495c482d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/08bf4545-ee39-4a4c-ab76-026776ded494
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

71 - Architectural, construction, engineering and inspection services


CPV Codes

71334000 - Mechanical and electrical engineering services

Notice Value(s)

Tender Value
£926,280 £500K-£1M
Lots Value
Not specified
Awards Value
£926,280 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
19 Sep 20255 months ago
Submission Deadline
1 May 2025Expired
Future Notice Date
Not specified
Award Date
30 Apr 20259 months ago
Contract Period
8 May 2025 - 31 Mar 2030 4-5 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
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
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

AECOM

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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