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Published 15 Jan 2024, 12:00 GMT

Official UK procurement notice

Legal Services Framework · UK public procurement notice

Official notice

Authority: BANK OF ENGLAND·Consortium: 2 public authorities

Framework agreementServicesRestricted procedure
Sectors: Business Services & Consultancy (79) Delivery: UK
Framework ceiling (notional)£3,600,000framework ceiling, not attributable revenue
Submissions closed 14 Feb 2024awarded 2 Apr 2025

What is being bought

Published requirement description

The Bank of England ('the Bank') conducted a restricted tender procedure to appoint a specialist legal panel of three Suppliers in relation to loan and securities collateral.

The contract term is for 3 years. There is no obligation for the Bank to purchase any services from a Supplier during the term of the Framework Agreement and the Bank grants no form of exclusivity to any Supplier under the Contract.

CPV: Business services: law, marketing, consulting, recruitment, printing and security · Legal services

How this framework works

From the published notice
Places
up to 3 suppliers · 12 bids received (4.0 per place) · 3 appointed (full)

The lotProcurement structure

single lot · no lot value published
Lot #1For the provision of Loan and Securities Collateral Legal PanelAwarded
Delivery: UK · Threadneedle Street, London, EC2R 8AH
Variant bids: not allowed
79100000 Legal services

What it takes to win
i

How this buyer will score bids.

The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).

Evaluation split and conditions of participation as published; the tender pack may add more
How bids were scored
  • Price
Conditions of participation2
  • Suitability

    See tender documents

  • Technical & professional ability

    See tender documents

What this means for your bid
  • “Legal Services Framework” is a framework: the contest is a place on its panel, up to 3 suppliers, not a single contract.

Procedure terms & legal framework

From the official record
Procedure method
Restricted procedure
Legal basis
CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category
Services
Notice status
Awarded
Procurement threshold
Unspecified in notice
Regulatory regime
Standard
Commercial structure
Framework agreement
Who may use this agreement
Not stated in the notice; call-off rights may be limited to the establishing authority
Competition type
Competitive procedure
GPA / WTO covered
Yes (GPA)
Recurring procurement
No (one-off requirement)
First published
15 Jan 2024, 12:00 GMT
Last source update
6 May 2025, 10:32 BST
FTS notice number
2025/S 000-018995
Classification (CPV)
Business services: law, marketing, consulting, recruitment, printing and securityLegal services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-042d0d Find a Tender

How it was run

Official notice
Run through: ProContract (Due North) · Who buys & how to bid on ProContract
Supplier login requiredLanguage: EN
Access & registration note: Free · short registration with manual review; public opportunity list

Tender documents are also served through a separate tool: https://supplierlive.proactisp2p.com/Account/Login ↗

Appointment period ends
14 Feb 2024, 12:00 GMT
Submission channel
{"electronicSubmission","written"}
Accepted languages
en
Detailed submission instructions & authority contactsFrom official release

supplierlive.proactisp2p.com/Account/Login ↗

Timeline

14 Feb 2024 → 6 May 2025 · 3 dates
  1. Admission / appointment period endsperiod end, not a bid countdown
    14 Feb 2024, 12:00 GMT
  2. Invitations to tender expected
    11 Mar 2024
  3. Notice published
    6 May 2025, 10:32 BST

Notice history

2 events · 2 releases on Find a Tender · since 6 May 2025
  1. Status changed to complete
    6 May 2025, 10:32 BST
  2. Buyer details updated
    6 May 2025, 10:32 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Suppliers appointed 3admitted to the panel · see the list ↓
Bids received 12
Contracts signed 3latest 2 Apr 2025

3 suppliers are admitted to this framework without individual award values or dates, see the supplier list below.

Contracts

All 3 of these contracts carry the same published figure, £3,000,000, the framework's maximum for the whole notice, not each contract's own value. They are not eleven separate sums.

  • Contract 018995-2025-3

    Signed
    2 Apr 2025
    Value
    ceiling above
    Status
    active

  • Contract 018995-2025-1

    Signed
    4 Nov 2024
    Value
    ceiling above
    Status
    active

  • Contract 018995-2025-2

    Signed
    4 Nov 2024
    Value
    ceiling above
    Status
    active

Bid statistics published by the authority

BidsSMEVCSEValid bid range
12bids———

Contracting authority & participating public bodies

2 public bodies on the notice

BANK OF ENGLAND

Contracting authorityBody governed by public lawEconomic affairs GB-COH: RC000042 Threadneedle Street, London, UK, EC2R8AHContact email

Dispute resolution & review bodies

  • High Court, Royal Courts of JusticeReview body WC2A 2LL
  • High Court, Royal Courts of Justice LondonReview body London

Framework contractors & participating bidders

3 commercial parties on the notice

Official documents & specifications (1)

Official links; attachments are not copied

Tender pack and attachments

  • Economic and financial selection criteriatenderEconomic and financial selection criteria