Award

Business and Management Consultancy Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

07 Jul 2025 at 12:20

Summary of the contracting process

The procurement process for 'Business and Management Consultancy Services' was led by the Bank of England, a central government public authority based in London. The process was identified under the award and contract stages, having been last updated on 7 July 2025. Conducted under UK legislation reference 2023/54, this direct procurement method was enacted below the threshold without competition. The chosen supplier was Korn Ferry (UK) Limited. The contract commenced on 8 April 2025 and is set to conclude on 30 August 2025, covering services across various regions within the United Kingdom, including UKC, UKD, UKE, UKF, UKG, UKH, UKI, UKJ, and UKK. The total contract value was set at £54,000, with a net amount of £45,000 in GBP.

This procurement offers significant opportunities for experienced consultancy services providers, particularly those with expertise in business and management. Companies capable of delivering high-quality consultancy services to central government entities will find this contract structure advantageous. Large-scale consultancy firms like Korn Ferry are well-suited to compete in this space, especially when operating in multiple UK regions. The direct procurement method suggests opportunities for suppliers who have established strong direct relationships with the Bank of England or similar public authorities, and are capable of delivering without the need for a competitive bidding process.

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Notice Title

Business and Management Consultancy Services

Notice Description

To provide Business and management consultancy services

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0559e1
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/037749-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£45,000 Under £100K

Notice Dates

Publication Date
7 Jul 202510 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
7 Apr 20251 years ago
Contract Period
7 Apr 2025 - 30 Aug 2025 1-6 months
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
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
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

KORN FERRY (UK

Further Information

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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