Award

Part VII Insurance Consultancy

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

25 May 2023 at 09:49

Summary of the contracting process

The Bank of England has awarded a contract for Part VII Insurance Consultancy to Marcuson Consulting Ltd. The contract involves the provision of specialist support with managing a Part VII insurance business transfer. The contract value is £212,220 GBP, and the procurement method used was a direct Single tender action (below threshold). The contract period runs from April 3, 2023, to November 30, 2023, with the tender period ending on March 23, 2023. The Bank of England is located in London, England, and the industry category is insurance consultancy services.

This tender provides an opportunity for SMEs looking to offer specialised insurance consultancy services to compete for business growth. Businesses in the insurance consultancy sector, particularly those with expertise in Part VII transfers, would be well-suited to participate in this tender. The contract is awarded, and a Small and Medium Enterprise (SME) has secured the contract, indicating potential for smaller companies to successfully win contracts with the Bank of England.

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Notice Title

Part VII Insurance Consultancy

Notice Description

This contract is for the provision of specialist support with managing a Part VII insurance business transfer.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e5bc37fa-90a4-46d0-85ea-48f8aa970bcd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8c6f7b11-6053-4e54-b50c-6a618f9e5fb6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66519310 - Insurance consultancy services

Notice Value(s)

Tender Value
£212,220 £100K-£500K
Lots Value
Not specified
Awards Value
£212,220 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
25 May 20232 years ago
Submission Deadline
23 Mar 2023Expired
Future Notice Date
Not specified
Award Date
23 Mar 20232 years ago
Contract Period
2 Apr 2023 - 30 Nov 2023 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
Not specified
Contact Email
corporate.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

MARCUSON CONSULTING

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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