Award

Travel Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

25 May 2023 at 10:07

Award Notice
Summary of the contracting process

The Bank of England has awarded a contract for Travel Services to GBT TRAVEL SERVICES UK LIMITED. The contract encompasses the provision of a Travel booking portal for staff to book International and Domestic travel, including flights, train tickets, and accommodation. The contract value is £2,500,000 and involves a selective procurement method with a call-off from a framework agreement. The contract period extends from 27th February 2023 to 26th February 2024.

This opportunity can benefit businesses in the services industry, particularly those involved in travel services and travel management. Companies capable of providing scalable travel solutions and advanced booking platforms are well-suited to compete for this contract. The Bank of England, as the buying organisation, is headquartered in London, United Kingdom, making it a valuable opportunity for businesses in the region looking to expand through public procurement.

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Notice Information

Notice Title

Travel Services

Notice Description

This contract is for a Travel booking portal that allows staff to book their International and Domestic travel which includes flights, train tickets and accommodation. The associated booking portal also provides a reporting tool and notifications which will help support the Travel Security team. The value of this contract also includes the cost of Business Travel however this is a no commitment contract that includes the maximum cost that could be spent on all Business Travel booked via this contract. Travel volumes have been forecast based on pre-pandemic levels and this contract will allow us to gather further data about post pandemic travel patterns.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-fd63792c-2f3f-42e0-8781-d2174e5f00e9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/14a6331f-9fbd-4a08-93c8-d2bc1b1a25dd
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

63 - Supporting and auxiliary transport services; travel agencies services

CPV Codes

63512000 - Sale of travel tickets and package tours services

63515000 - Travel services

63516000 - Travel management services

Notice Value(s)

Tender Value
£2,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,500,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
25 May 20232 years ago
Submission Deadline
1 Feb 2023Expired
Future Notice Date
Not specified
Award Date
1 Feb 20233 years ago
Contract Period
27 Feb 2023 - 26 Feb 2024 6-12 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
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
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

GBT TRAVEL 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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