Official UK procurement notice
Loan and Securities Collateral Legal Panel
Authority: BANK OF ENGLAND
What is being bought
Published requirement descriptionThe Bank of England (the "Bank") lends through its market operations against eligible collateral delivered by firms. This takes the form of either loan or securities collateral. To ensure that the collateral is eligible for the Bank's operations, legal due diligence is required, particularly when it comes to loan collateral. The Bank is therefore seeking 3 law firms to be part of a framework and to conduct legal reviews relating to collateral on a case-by-case basis. The overall contract value includes the costs of all reviews, which will ultimately be recharged to the firm that is seeking to position the collateral with the Bank.
The procurement documents are available for unrestricted and full direct access, free of charge, at
CPV: Legal services
The lotProcurement structure
single lot · no lot value publishedLot #1
What it takes to wini
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 morei
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).
- “Loan and Securities Collateral Legal Panel” is a framework: the contest is a place on its panel, 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
- Closed
- 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
- Unspecified in notice
- Recurring procurement
- No (one-off requirement)
- First published
- 19 Jun 2023, 17:04 BST
- Last source update
- 19 Jun 2023, 17:04 BST
- Authority reference
PRJ/1000151- FTS notice number
2023/S 000-017412- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-03d7aaFind a Tender
How it was run
Official notice- Appointment period ends
- 14 Jul 2023, 12:00 BST
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
Timeline
19 Jun 2023 → 14 Jul 2023 · 2 dates- Notice published19 Jun 2023, 17:04 BST
- Admission / appointment period endsperiod end, not a bid countdown14 Jul 2023, 12:00 BST
Contracting authority & participating public bodies
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.