Award

Subscription Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

03 Jun 2025 at 15:55

Summary of the contracting process

The Bank of England, a central government authority, has completed the tender process for a contract titled "Subscription Services," targeting the services industry category. This contract pertains to the establishment of an online platform. The procurement process was undertaken at a stage presently described as "Award." With a contract start date of 2nd April 2025 and an initial term end date expectation by 1st April 2027, there is a provision for extension up to 1st April 2028. The tender covered regions across the United Kingdom, including UKC, UKD, UKE, UKF, UKG, UKH, UKI, UKJ, and UKK, under a procurement method categorised as "Below threshold - unknown."

This subscription service contract presents significant growth opportunities, particularly for service-oriented businesses, primarily those involved in online platforms for public procurement. Neighbourly Limited, an SME based in Bristol, has been actively awarded the contract, highlighting prospects for smaller enterprises to engage with major governmental organisations like the Bank of England. This procurement process facilitates the extension of opportunities to similar scale businesses adept in the provision of subscription services across various UK regions. The contract value, amounting to £99,000 excluding VAT, further indicates a solid potential for profitable business engagements.

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Notice Title

Subscription Services

Notice Description

On-line platform. Contract start date: 02 April 2025 Initial term end date: 01 April 2027 Extension term end date: 01 April 2028

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-052bd9
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/029631-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Below threshold - unknown
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79980000 - Subscription services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£99,000 Under £100K

Notice Dates

Publication Date
3 Jun 20258 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
30 Mar 202510 months ago
Contract Period
1 Apr 2025 - 1 Apr 2027 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Not specified
Contact Email
corporate.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
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

NEIGHBOURLY

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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