---
title: "Business Advisory Services"
ocid: "ocds-b5fd17-028bef73-69d8-4cea-823f-13e789dfbd3f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-028bef73-69d8-4cea-823f-13e789dfbd3f"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-028bef73-69d8-4cea-823f-13e789dfbd3f.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-028bef73-69d8-4cea-823f-13e789dfbd3f.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2025-02-12"
---

# Business Advisory Services

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-b5fd17-028bef73-69d8-4cea-823f-13e789dfbd3f

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## Summary

The Bank of England has successfully concluded the procurement process for Business Advisory Services under the CPV classification of Business and Management Consultancy and Related Services (code 79400000). This procurement aimed to secure services to aid the Bank in identifying efficiencies and reducing operational costs. The contract, awarded to Korn Ferry, comes under a selective procurement method specifically through a call-off from a framework agreement. The project spans from 18th June 2024 to 18th February 2025 and is valued at £600,000. The services will be delivered within the United Kingdom, specifically England, with the tender status marked as complete and the award status as active, with important dates including the award notice published on 12th February 2025.

This tender presents significant opportunities for businesses specializing in business and management consultancy to contribute to the optimisation of large-scale operations within major financial institutions. Firms with substantial expertise in advisory services and those adept at formulating cost-reduction strategies would find this contract particularly beneficial. Large firms like Korn Ferry, which has been awarded this contract, exemplify the kind of business well-suited to these opportunities due to their capacity to handle extensive and complex advisory engagements. As the Bank of England continues to seek operational efficiencies, there will likely be future opportunities for businesses that can provide innovative and effective consultancy services.

## Notice

To provide services to support the Bank to identify efficiencies and reduce costs in Bank operations

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/07370117-9da9-4f04-888c-8ed5dea0d9ad |
| 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 |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 12 Feb 2025 |
| Submission deadline | 30 May 2024 |
| Future notice date | Not specified |
| Award date | 29 May 2024 |
| Contract period | 17 Jun 2024 - 18 Feb 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £600,000 |
| Lots value | Not specified |
| Awards value | £600,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | BANK OF ENGLAND |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2R 8AH |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Walbrook |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | KORN FERRY |

## CPV Codes

### Divisions

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

### Codes

- 79400000 - Business and management consultancy and related services

## Release History

- 12 Feb 2025 at 10:47 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/07370117-9da9-4f04-888c-8ed5dea0d9ad

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/07370117-9da9-4f04-888c-8ed5dea0d9ad
  12th February 2025 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-028bef73-69d8-4cea-823f-13e789dfbd3f. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-028bef73-69d8-4cea-823f-13e789dfbd3f.json.