Award

Azure Review

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

28 Nov 2023 at 17:15

Award Notice
Summary of the contracting process

The Bank of England has recently awarded a contract for the Azure Review project to Version 1 Solutions Limited. The contract involves examining the Bank's cloud operating model and has a total value of £342,840. The procurement method used was selective, with a call-off from a framework agreement. The contract period is from 2nd October 2023 to 29th February 2024. The tender closed on 20th September 2023, and the award was made on 27th September 2023. The location of the project is in London, United Kingdom, falling under the IT services category.

This opportunity to provide IT consulting services for the Bank of England could be beneficial for businesses specialising in IT services, consulting, software development, and internet support. Small and medium-sized enterprises (SMEs) would be particularly well-suited to compete due to the procurement's focus on their suitability. Businesses interested in public sector contracts and working with large organisations like the Bank of England should consider engaging with the Technology Procurement Team for future opportunities.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Azure Review

Notice Description

Contract award to Version 1 to examine the Bank's cloud operating model. The contract is a 4+1 month term.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f6f283e5-fb07-44ea-a4b6-549637faecaa
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/cd7a966d-9096-4519-aeb6-92f1bb720b5c
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£342,840 £100K-£500K
Lots Value
Not specified
Awards Value
£342,840 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
28 Nov 20232 years ago
Submission Deadline
20 Sep 2023Expired
Future Notice Date
Not specified
Award Date
26 Sep 20232 years ago
Contract Period
1 Oct 2023 - 29 Feb 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
TLI London
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

VERSION 1 SOLUTIONS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-f6f283e5-fb07-44ea-a4b6-549637faecaa-2023-11-28T17:15:53Z",
    "date": "2023-11-28T17:15:53Z",
    "ocid": "ocds-b5fd17-f6f283e5-fb07-44ea-a4b6-549637faecaa",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "CON/1001229",
        "title": "Azure Review",
        "description": "Contract award to Version 1 to examine the Bank's cloud operating model. The contract is a 4+1 month term.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "72000000",
            "description": "IT services: consulting, software development, Internet and support"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 342840,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2023-09-20T12:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2023-10-02T00:00:00+01:00",
            "endDate": "2024-02-29T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/9yt6Qa35",
            "name": "BANK OF ENGLAND",
            "identifier": {
                "legalName": "BANK OF ENGLAND",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/9yt6Qa35"
            },
            "address": {
                "streetAddress": "Threadneedle Street",
                "locality": "LONDON",
                "postalCode": "EC2R8AH",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Technology Procurement Team",
                "email": "technology.contracts@bankofengland.co.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-03438874",
            "name": "VERSION 1 SOLUTIONS LIMITED",
            "identifier": {
                "legalName": "VERSION 1 SOLUTIONS LIMITED",
                "scheme": "GB-COH",
                "id": "03438874"
            },
            "address": {
                "streetAddress": "GROSVENOR HOUSE,,PROSPECT HILL REDDITCH, Worcestershire, B97 4DL GB"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/9yt6Qa35",
        "name": "BANK OF ENGLAND"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-f6f283e5-fb07-44ea-a4b6-549637faecaa-1",
            "status": "active",
            "date": "2023-09-27T00:00:00+01:00",
            "datePublished": "2023-11-28T17:15:53Z",
            "value": {
                "amount": 342840,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-03438874",
                    "name": "VERSION 1 SOLUTIONS LIMITED"
                }
            ],
            "contractPeriod": {
                "startDate": "2023-10-02T00:00:00+01:00",
                "endDate": "2024-02-29T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/cd7a966d-9096-4519-aeb6-92f1bb720b5c",
                    "datePublished": "2023-11-28T17:15:53Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}