Award

Extension Agreement for the SettleNET Service

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

10 Nov 2022 at 13:58

Summary of the contracting process

The Bank of England has awarded an Extension Agreement for the SettleNET Service, a procurement process that involved a 36-month extension of the service related to Radio, television, communication, telecommunication, and related equipment. The direct procurement method used was a Single tender action (below threshold). The contract period started on October 22, 2019, and ended on October 21, 2022. This award was for a value of £130,000 in GBP. The buying organisation was the Bank of England located in London, England.

This tender award from the Bank of England for the SettleNET Service could present growth opportunities for businesses specialized in Radio, television, communication, telecommunication, and related equipment. Companies dealing with technology services and equipment may find this tender particularly suitable for their operations. The awarded contract was valued at £130,000 and was secured by BT GROUP PLC, a large-scale supplier in the industry category of goods.

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Notice Title

Extension Agreement for the SettleNET Service

Notice Description

36 months extension of the SettleNET Service

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e79a23a1-deaa-47f0-9e55-fe765f4926d6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bf28326c-87a0-4641-8ab2-86c11cca7511
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

32 - Radio, television, communication, telecommunication and related equipment


CPV Codes

32000000 - Radio, television, communication, telecommunication and related equipment

Notice Value(s)

Tender Value
£130,000 £100K-£500K
Lots Value
Not specified
Awards Value
£130,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
10 Nov 20223 years ago
Submission Deadline
21 Oct 2019Expired
Future Notice Date
Not specified
Award Date
21 Oct 20196 years ago
Contract Period
21 Oct 2019 - 21 Oct 2022 3-4 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
Jason Cheung
Contact Email
technology.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
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

BT 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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