---
title: "Technology Review"
ocid: "ocds-b5fd17-0c7228e1-fbb3-493d-8bee-08b135fb5dac"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-0c7228e1-fbb3-493d-8bee-08b135fb5dac"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-0c7228e1-fbb3-493d-8bee-08b135fb5dac.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-0c7228e1-fbb3-493d-8bee-08b135fb5dac.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2022-10-13"
---

# Technology Review

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-b5fd17-0c7228e1-fbb3-493d-8bee-08b135fb5dac

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-0c7228e1-fbb3-493d-8bee-08b135fb5dac)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-0c7228e1-fbb3-493d-8bee-08b135fb5dac.json)

## Summary

The Bank of England has awarded a contract for the provision of a Technology Review. This contracting opportunity falls under the services category with a value of £396,600. The review aims to enhance the Bank's digital and technology capability through developing a digital strategy aligned with its mission. The procurement method employed was a selective process, with the tender period closing on 21st February 2022. The contract is set to commence on 5th April 2022 and run until 4th April 2023, offering a clear timeline for potential bidders.

Businesses in the business and management consultancy services sector may find growth opportunities by bidding for this tender. The review project promises the selected supplier a one-year engagement with a focus on digital innovation and strategy development for the Bank of England. While the suitability criteria indicated a preference for larger suppliers, businesses with expertise in digital transformation and strategic consultancy services are well-positioned to compete effectively. This opportunity presents a significant chance for qualified firms to contribute to enhancing the digital capabilities of a prestigious financial institution.

## Notice

To Provide a suitably experienced supplier with the specialist knowledge and advisory skills to conduct a review of the Bank's digital and technology capability. 1 year contract covering the delivery of the following: *Comprehensive review of the Bank's approach to digital innovation *With the Bank's Mission at the core, produce a 'digital strategy' to optimise the service, deliver more efficiency and value; *As part of the strategy, provide a costed set of short and longer term recommendations.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/955c0461-0d4a-4e57-9ee3-27743d548d18 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 13 Oct 2022 |
| Submission deadline | 21 Feb 2022 |
| Future notice date | Not specified |
| Award date | 31 Mar 2022 |
| Contract period | 4 Apr 2022 - 4 Apr 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £396,600 |
| Lots value | Not specified |
| Awards value | £396,600 |
| 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 | OLIVER WYMAN |

## CPV Codes

### Divisions

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

### Codes

- 79400000 - Business and management consultancy and related services

## Release History

- 13 Oct 2022 at 14:40 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/955c0461-0d4a-4e57-9ee3-27743d548d18

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/955c0461-0d4a-4e57-9ee3-27743d548d18
  13th October 2022 - 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-b5fd17-0c7228e1-fbb3-493d-8bee-08b135fb5dac. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-0c7228e1-fbb3-493d-8bee-08b135fb5dac.json.