---
title: "Variation to Cost Management Services Agreement"
ocid: "ocds-b5fd17-4c170d83-ba83-4fcc-95f8-065ad92f36f9"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-4c170d83-ba83-4fcc-95f8-065ad92f36f9"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-4c170d83-ba83-4fcc-95f8-065ad92f36f9.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-4c170d83-ba83-4fcc-95f8-065ad92f36f9.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2025-09-08"
---

# Variation to Cost Management Services Agreement

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-b5fd17-4c170d83-ba83-4fcc-95f8-065ad92f36f9

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-4c170d83-ba83-4fcc-95f8-065ad92f36f9.json)

## Summary

The procurement process involves a contract variation for cost management services by the Bank of England, with the title "Variation to Cost Management Services Agreement." This contract is classified under the commercial property management services category and is located in London, England, specifically in EC2R 8AH. The procurement stage is currently at the award phase, with the contract award being active as of 16th April 2025. The contract values an additional £60,000, bringing the total to £194,880, and the contract period runs from 17th April 2025 to 31st January 2026. The procurement method utilised is a direct award through a single tender action below the threshold, typically indicative of inviting a specific supplier due to their expertise or a special requirement.

This tender creates significant opportunities for large businesses specialising in commercial property management services. The direct procurement method suggests a particular interest in businesses with established reputations and capabilities to deliver tailored project management services efficiently and effectively. Participating firms could benefit by securing a high-profile client like the Bank of England, enhancing their portfolio and allowing for expanded business relations within the financial sector. However, this opportunity is unsuitable for SMEs or voluntary, community, and social enterprises (VCSEs) due to specific suitability criteria.

## Notice

Variation for additional project management services for PS60,000. New contract value is PS194,880.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/53e9b90c-e74b-4f1a-bf74-60748b5f6dc8 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Single tender action (below threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 8 Sep 2025 |
| Submission deadline | 16 Apr 2025 |
| Future notice date | Not specified |
| Award date | 15 Apr 2025 |
| Contract period | 16 Apr 2025 - 31 Jan 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £60,000 |
| Lots value | Not specified |
| Awards value | £60,000 |
| 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 | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | GARDINER & THEOBALD |

## CPV Codes

### Divisions

- 70 - Real estate services

### Codes

- 70332200 - Commercial property management services

## Release History

- 8 Sep 2025 at 13:21 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/53e9b90c-e74b-4f1a-bf74-60748b5f6dc8

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/53e9b90c-e74b-4f1a-bf74-60748b5f6dc8
  8th September 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-b5fd17-4c170d83-ba83-4fcc-95f8-065ad92f36f9. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-4c170d83-ba83-4fcc-95f8-065ad92f36f9.json.