---
title: "Note Storage Insurance 2024"
ocid: "ocds-b5fd17-abb8de94-bb0c-4633-9c68-e7b2c837d072"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-abb8de94-bb0c-4633-9c68-e7b2c837d072"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-abb8de94-bb0c-4633-9c68-e7b2c837d072.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-abb8de94-bb0c-4633-9c68-e7b2c837d072.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2024-10-01"
---

# Note Storage Insurance 2024

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-b5fd17-abb8de94-bb0c-4633-9c68-e7b2c837d072

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-abb8de94-bb0c-4633-9c68-e7b2c837d072)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-abb8de94-bb0c-4633-9c68-e7b2c837d072.json)

## Summary

The Bank of England has awarded a contract for "Note Storage Insurance 2024" under the industry category of insurance services (CPV code 66510000). This contract, identified by CON/1001352, was procured through a single tender action below the threshold and is aimed at providing insurance services within the United Kingdom. The procurement process is complete, with the award date recorded as 1 March 2024. The contract period will run from 1 May 2024 to 30 April 2026, carrying a total value of £160,000. The procurement stage at the time of summarisation is 'Award', with key deadlines having passed, including a tender period that ended on 29 February 2024.

This tender offers substantial opportunities for businesses specialising in insurance services, particularly those qualified to provide competitive and comprehensive insurance solutions for high-value note storage. Small and medium-sized enterprises (SMEs) are especially well-suited to compete in such tenders due to the tailored requirements and smaller scope compared to larger international tenders. Leveraging this contract could enhance business portfolios for insurance providers like Willis Towers Watson UK Holdings Limited, the awarded supplier, by securing long-term, high-profile contracts with reputable institutions such as the Bank of England.

## Notice

Note Storage Insurance 2024.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/995b7dc5-0f9c-477c-b106-3516e6d07b01 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Single tender action (below threshold) |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 1 Oct 2024 |
| Submission deadline | 29 Feb 2024 |
| Future notice date | Not specified |
| Award date | 1 Mar 2024 |
| Contract period | 30 Apr 2024 - 30 Apr 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £160,000 |
| Lots value | Not specified |
| Awards value | £160,000 |
| 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 | WILLIS TOWERS WATSON UK HOLDINGS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 1 Oct 2024 at 09:39 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/995b7dc5-0f9c-477c-b106-3516e6d07b01

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/995b7dc5-0f9c-477c-b106-3516e6d07b01
  1st October 2024 - 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-abb8de94-bb0c-4633-9c68-e7b2c837d072. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-abb8de94-bb0c-4633-9c68-e7b2c837d072.json.