---
title: "Services Management"
ocid: "ocds-h6vhtk-0363df"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0363df"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0363df.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0363df.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2026-01-27"
---

# Services Management

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-h6vhtk-0363df

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0363df)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-0363df.json)

## Summary

The Bank of England has concluded a procurement process titled "Services Management" under the industry category of Benefit Services, classified with CPV code 75310000. The procurement, which operates under the legal framework CELEX 32014L0024, was initiated as a tender process focusing on the location of the United Kingdom. The plan was executed using a restricted procedure, a form of selective procurement method. The contract, signed on 30th May 2023, is active until 9th April 2031, with an overall value of £1,493,624, including an upgrade cost of £293,624 over the last four years. Initially valued at £1,200,000, the contract extension was necessary to integrate existing systems and upgrade the proprietary modules held by the supplier, Benifex Limited, operating from Hampshire, UK. The project was coordinated by the Bank of England, an entity managed under public law in London.

This procurement presents expansive business growth opportunities, primarily for large-scale companies with expertise in benefit services and integrated systems. The long-term contract offers stability and the potential for ongoing collaboration with a prestigious public institution like the Bank of England. Companies providing online employee benefit management and brokerage services are well-positioned to thrive under such contracts, given the demand for innovative and user-friendly solutions. The UK-based focus enables local businesses to leverage their proximity and understanding of regional business mechanisms while the restricted procedure of the tender emphasizes excellent quality in service provision supplemented with competitive pricing criteria, with the weightage set at 80% for quality and 20% for price.

## Notice

The Bank of England has appointed an administrator to support a variety of services.

### Lot Information

Lot 1

The Bank of England has appointed an administrator to support a variety of services.

Options: 2 successive periods of 2 years.

Renewal: The 8 year contract period is being awarded on an initial 4 year basis with options to extend for up to an additional 2 years on a 2+2 basis. During the 4-8 year contracting period re-tender activity is likely to take place in order to remain compliant under the PCR 2015.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/007127-2026 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 27 Jan 2026 |
| Submission deadline | 4 Oct 2022 |
| Future notice date | Not specified |
| Award date | 29 May 2023 |
| Contract period | Not specified |
| Recurrence | This procurement is a re-tender of an existing Bank of England contract. |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,200,000 |
| Lots value | £1,200,000 |
| Awards value | Not specified |
| Contracts value | £2,693,624 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## 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 | TLI31 Camden and City of London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 3 |
| Supplier names | BENEFEX; BENIFEX; BENIFEX LIMITED (PREVIOUSLY BENEFEX |

## CPV Codes

### Divisions

- 66 - Financial and insurance services
- 75 - Administration, defence and social security services

### Codes

- 66518000 - Insurance brokerage and agency services
- 66518100 - Insurance brokerage services
- 75310000 - Benefit services

## Release History

- 27 Jan 2026 at 14:02 - AwardUpdate - Award Notice - https://www.find-tender.service.gov.uk/Notice/007127-2026
- 21 Mar 2024 at 14:02 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/009195-2024
- 30 Aug 2022 at 08:14 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/024102-2022

## Notice URLs

- http://www.bankofengland.co.uk/
- https://supplierlive.proactisp2p.com/Account/Login
- https://www.bankofengland.co.uk/

## 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-h6vhtk-0363df. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0363df.json.