Planning

Location Strategy Main Works

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Planning

22 May 2025 at 16:56

UK1 - Pipeline Notice
Summary of the contracting process

The Bank of England is overseeing a planned procurement process titled "Location Strategy Main Works," which involves refurbishment works at their Threadneedle Street location in London, United Kingdom. This procurement falls under the industry category of overhaul and refurbishment work. Currently in the planning stage, the tender is set under the legal basis of the UKPGA 2023/54 and is expected to enter the tender phase with a notice date on 1st December 2025. The contract period is scheduled from 1st October 2026 to 31st December 2029, with an estimated contract value up to GBP 150,000,000.

This tender presents a significant opportunity for businesses involved in the construction and refurbishment sectors, especially those experienced in large-scale central government projects. Firms specialising in renovation and construction work, particularly within the UK, will find this a compelling opportunity to expand their portfolio and build a relationship with a key governmental financial institution. Given the substantial budget and scope, the process may benefit from a consortium of businesses capable of comprehensive refurbishment solutions. Engaging early, prior to the planned tender process, would be beneficial for interested parties.

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Notice Information

Notice Title

Location Strategy Main Works

Notice Description

Refurbishment works at the Bank's Threadneedle Street

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-051f69
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/025366-2025
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK1 - Pipeline Notice
Procurement Type
Standard
Procurement Category
Works
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

45 - Construction work

CPV Codes

45453000 - Overhaul and refurbishment work

Notice Value(s)

Tender Value
£120,000,000 £100M-£1B
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
22 May 20259 months ago
Submission Deadline
Not specified
Future Notice Date
1 Dec 2025Expired
Award Date
Not specified
Contract Period
30 Sep 2026 - 31 Dec 2029 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Not specified
Contact Email
fm.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
TLI4 Inner London - East
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

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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