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Location Strategy: Main Works

BANK OF ENGLAND

This public procurement record has 2 releases in its history.

Tender

31 Mar 2026 at 12:13

UK4 - Tender Notice
Planning

22 May 2025 at 17:56

UK1 - Pipeline Notice
Summary of the contracting process

The Bank of England, a central government public authority, is undertaking a major procurement for the consolidation and refurbishment of its Threadneedle Street estate in London, United Kingdom. Titled "Location Strategy: Main Works," this tender falls under the industry categories of building construction and engineering works. This open procurement is currently in the tender stage, with important dates including a submission deadline of 15 May 2026. The procurement involves a competitive flexible procedure, with interested suppliers required to participate in a detailed questionnaire and initial tender response, leading to negotiations and final tender submissions.

This tender presents a substantial opportunity for businesses specialising in construction and engineering. The contract is valued at £170 million GBP and spans over four years, with potential extensions. Firms excelling in pre-construction services, infrastructure replacement, or refurbishment of heritage sites will find this tender appealing. The process requires high competence in planning, safety, and cost control, thus favouring well-resourced and experienced main contractors. The Bank's approach to a phased work schedule ensures potential additional or repeat works, further offering businesses growth prospects in this strategic project.

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Notice Information

Notice Title

Location Strategy: Main Works

Notice Description

The Bank is seeking a highly experienced, appropriately resourced and capable Main Contractor to deliver the Main Works associated with the consolidation and refurbishment of its Threadneedle Street estate, as part of the Bank's Location Strategy Project. The Project represents a significant investment in the long-term stewardship of the Bank's estate and involves the delivery of a complex construction programme. The Bank expects the appointed Main Contractor to demonstrate a high standard of competence in planning, coordination and execution, together with a disciplined approach to safety, quality, programme and cost control The Main Works and associated services included in the scope of this procurement include, but is not limited to: * General pre-construction services; * Section-specific pre-construction services; * General and Section-specific preliminaries; * Works to be delivered in Sections with Sections that cover a wide range of scope, including, but not limited to: o Preparatory Works o Replacement of core infrastructure o Ground Floor o Auditorium o Workplace Floors o Basement Works The exact scope of each Section will be developed during the pre-construction stage. An indicative description of the Sections is set out in the Statement of Requirements. The Bank reserves the right to refine, expand, reduce, or omit the scope, content, and timing of any Section prior to its instruction. No Section will proceed unless and until the Bank issues a formal notice to proceed for that Section. Further details in relation to the Main Works and associated services are set out in the Statement of Requirements provided as part of the associated tender documents. The Bank intends to (and reserves the right to) directly award additional or repeat works that are similar to the works supplied under the contract which is the subject matter of this Tender Notice, in accordance with Schedule 5, paragraph 8 of PA 2023.

Lot Information

Lot 1

Options: The works themselves will commence in phases as Sections are identified and instructed by the Bank. An indicative description of the Sections is set out in the Statement of Requirements. The Bank reserves the right to refine, expand, reduce, or omit the scope, content, and timing of any Section prior to its instruction. No Section will proceed unless and until the Bank issues a formal notice to proceed for that Section. Further details are set out in the Statement of Requirements provided as part of the associated tender documents.

Renewal: The initial contract term is for 4 years with an option to extend at the Bank's discretion (and in one or more extension periods) up to a further 12 months.

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/029574-2026
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Works
Procurement Method
Open
Procurement Method Details
Competitive flexible procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

45 - Construction work

CPV Codes

45210000 - Building construction work

45220000 - Engineering works and construction works

Notice Value(s)

Tender Value
£141,666,666 £100M-£1B
Lots Value
£141,666,666 £100M-£1B
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
31 Mar 20264 months ago
Submission Deadline
15 May 2026Expired
Future Notice Date
1 Dec 2025Expired
Award Date
Not specified
Contract Period
1 Nov 2026 - 31 Oct 2030 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
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
Postcode Area
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

Further Information

Notice Documents

  • https://www.find-tender.service.gov.uk/Notice/029574-2026
    31st March 2026 - Tender notice on Find a Tender
  • https://www.find-tender.service.gov.uk/Notice/025366-2025
    22nd May 2025 - Pipeline notice on Find a Tender
  • https://supplierlive.proactisp2p.com/
    Documents to be provided after the tender notice A - Instructions to Suppliers B - Procurement Specific Questionnaire C - Invitation to Tender (including Tender Questions) D - Statement of Requirements E - Pricing Schedule F - Draft Contract G - Supplier Code of Practice H - Freedom of Information Form I - Form of Tender Other Documents - Bank of England Security Schedule Documents are provided on the Bank of England's Procurement portal https://supplierlive.proactisp2p.com/ Due to the sensitive nature of the Threadneedle Street building and associated documentation, interested suppliers are required to complete a non-disclosure agreement in order to access the associated tender documents. Interested suppliers should email tenderteam@bankofengland.co.uk with the reference "PROC/473 LSP - Main Works - NDA Request" within the subject, and confirm the signatory name and e-mail address for the Non-disclosure Agreement, this will then be issued via Docusign.

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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