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ClosedFind a Tender · UK4

Location Strategy: Main Works

Buyer: BANK OF ENGLAND →

Participate on supplierlive.proactisp2p.com ↗External submission platform

BuyerBANK OF ENGLAND
StatusClosed
Deadline15 May 2026
Value£141,666,667
Published31 Mar 2026

What is being bought

The Bank is seeking a highly experienced, appropriately resourced and capable Main Contractor to deliver the Main Works associated with the consolidation and refurbishment of its Threadneedle Street estate, as part of the Bank's Location Strategy Project. The Project represents a significant investment in the long-term stewardship of the Bank's estate and involves the delivery of a complex construction programme. The Bank expects the appointed Main Contractor to demonstrate a high standard of competence in planning, coordination and execution, together with a disciplined approach to safety, quality, programme and cost control The Main Works and associated services included in the scope of this procurement include, but is not limited to: • General pre-construction services; • Section-specific pre-construction services; • General and Section-specific preliminaries; • Works to be delivered in Sections with Sections that cover a wide range of scope, including, but not limited to: o Preparatory Works o Replacement of core infrastructure o Ground Floor o Auditorium o Workplace Floors o Basement Works The exact scope of each Section will be developed during the pre-construction stage. An indicative description of the Sections is set out in the Statement of Requirements. The Bank reserves the right to refine, expand, reduce, or omit the scope, content, and timing of any Section prior to its instruction. No Section will proceed unless and until the Bank issues a formal notice to proceed for that Section. Further details in relation to the Main Works and associated services are set out in the Statement of Requirements provided as part of the associated tender documents. The Bank intends to (and reserves the right to) directly award additional or repeat works that are similar to the works supplied under the contract which is the subject matter of this Tender Notice, in accordance with Schedule 5, paragraph 8 of PA 2023.

Delivery location

UK, GB

Categories

Building construction work 45210000Engineering works and construction works 45220000

Lot details

Lot 1

No lot description published.

Statusactive
Value£141,666,667
Contract periodFrom 1 Nov 2026 to 31 Oct 2030

Award criteria
Construction Strategy in a Live, Secure, Heritage Environment (15%)
Adaptive Reuse, Heritage and Sustainability in Construction (8%)
Commercial Control, Cost Certainty and Value (15%)
Design Management and Delivery Interfaces (5%)
Programme, Risk & Governance (7%)
Project Team and Supply Chain (15%)
Social Value (5%)
Commercial — The nature of the contract (Pre-construction services and construction works) result in a combination of Cost and Price components. (30%)

What is included

ItemCategoryQuantity
1Building construction work, Engineering works and construction worksNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 45. The category anchor is Building construction work (45210000); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 4517,1274 median · 30.2 average (5,652 of 17,127 with a bid count)3.8 average (6,245 of 17,127 with named award suppliers)Not published
Same buyer6Not publishedNot publishedNot published
Delivery region: UK2,3826 median · 82.9 average (838 of 2,382 with a bid count)7.3 average (931 of 2,382 with named award suppliers)Not published
Similar published value (0.5×–2×)46312.5 median · 106 average (6 of 463 with a bid count)10.2 average (6 of 463 with named award suppliers)Not published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byGPA, CPTPP
Submission policyallowed
Selection criteriaNot published
Risk detailsGiven the age and historic nature of the Threadneedle Street estate and the fact that the last renewals programme was undertaken in 1942, the Bank considers that the underlying condition of the building is unknown to some degree. Certain investigations have already been undertaken during the early design stages, however to the extent any such items remain unknown, these may only be discoverable once the services and/or construction works to the Threadneedle Street estate commence and more fully access the underlying building and infrastructure. The precise consequences of any such discovery items and the impact on the provision of the works including the level of resource or specialist resources required and consequences on the programme are unknown at this stage.

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-051f69
Latest release ID029574-2026
Latest release timestampTue Mar 31 2026 11:13:38 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLhttps://www.find-tender.service.gov.uk/Notice/029574-2026
Tender statusactive
Procurement methodopen
Procurement method detailsCompetitive flexible procedure
Main procurement categoryworks
Above thresholdYes
Legal basis2023/54
Tender period: startNot published
Tender period: end2026-05-15T12:00:00+01:00
Expression of interest deadlineNot published
Enquiry deadline2026-04-29T12:00:00+01:00
Award period: startNot published
Award period: end2026-10-05T23:59:59+01:00
Submission method detailsAll Suppliers interested in participating should email tenderteam@bankofengland.co.uk for access to the tender documentation. All suppliers requesting access will be required to sign a Non-disclosure agreement ahead of viewing the documentation. Submission of responses to the Procurement Specific Questionnaire and initial tenders responses must be via the Bank of England's Procurement portal: https://supplierlive.proactisp2p.com/, and submitted by 15 May 2026.
Submission languagesen
Electronic catalogue policyNot published
Total tender value£141,666,667
Tender lots in source1
Tender items in source1
Tender documents in source3
Awards in latest release0
Contracts in latest release0
Parties in latest release1

Notice history

DateEventReference
31 Mar 2026tender029574-2026
22 May 2025planning025366-2025

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
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    "title": "Location Strategy: Main Works",
    "value": {
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    "documents": [
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        "id": "conflictOfInterest",
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      {
        "id": "L-1",
        "url": "https://supplierlive.proactisp2p.com/",
        "description": "Documents to be provided after the tender notice \nA - Instructions to Suppliers \nB - Procurement Specific Questionnaire \nC - Invitation to Tender (including Tender Questions) \nD - Statement of Requirements \nE - Pricing Schedule \nF - Draft Contract  \nG - Supplier Code of Practice \nH - Freedom of Information Form \nI - Form of Tender \nOther Documents - Bank of England Security Schedule \nDocuments are provided on the Bank of England's Procurement portal\n https://supplierlive.proactisp2p.com/ \nDue to the sensitive nature of the Threadneedle Street building and associated documentation, interested suppliers are required to complete a non-disclosure agreement in order to access the associated tender documents. \nInterested suppliers should email\n tenderteam@bankofengland.co.uk \nwith the reference \"PROC/473 LSP - Main Works - NDA Request\" within the subject, and confirm the signatory name and e-mail address for the Non-disclosure Agreement, this will then be issued via Docusign.",
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    "description": "The Bank is seeking a highly experienced, appropriately resourced and capable Main Contractor to deliver the Main Works associated with the consolidation and refurbishment of its Threadneedle Street estate, as part of the Bank's Location Strategy Project. \nThe Project represents a significant investment in the long-term stewardship of the Bank's estate and involves the delivery of a complex construction programme. The Bank expects the appointed Main Contractor to demonstrate a high standard of competence in\n planning, coordination and execution, together with a disciplined approach to safety, quality, programme and cost control \nThe Main Works and associated services included in the scope of this procurement include, but is not limited to: \n•\tGeneral pre-construction services;\n•\tSection-specific pre-construction services;\n•\tGeneral and Section-specific preliminaries; \n•\tWorks to be delivered in Sections with Sections that cover a wide range of scope, including, but not limited to:\no\tPreparatory Works\no\tReplacement of core infrastructure\no\tGround Floor \no\tAuditorium\no\tWorkplace Floors\no\tBasement Works\nThe exact scope of each Section will be developed during the pre-construction stage. An indicative description of the Sections is set out in the Statement of Requirements. The Bank reserves the right to refine, expand, reduce, or omit the scope, content, and timing of any Section prior to its instruction. No Section will proceed unless and until the Bank issues a formal notice to proceed for that Section.\nFurther details in relation to the Main Works and associated services are set out in the Statement of Requirements provided as part of the associated tender documents. \nThe Bank intends to (and reserves the right to) directly award additional or repeat works that are similar to the works supplied under the contract which is the subject matter of this Tender Notice, in accordance with Schedule 5, paragraph 8 of PA 2023.",
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Complete JSON history (2 releases)
31 Mar 2026 · 029574-2026 · tender
{
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      "endDate": "2026-10-05T23:59:59+01:00"
    },
    "description": "The Bank is seeking a highly experienced, appropriately resourced and capable Main Contractor to deliver the Main Works associated with the consolidation and refurbishment of its Threadneedle Street estate, as part of the Bank's Location Strategy Project. \nThe Project represents a significant investment in the long-term stewardship of the Bank's estate and involves the delivery of a complex construction programme. The Bank expects the appointed Main Contractor to demonstrate a high standard of competence in\n planning, coordination and execution, together with a disciplined approach to safety, quality, programme and cost control \nThe Main Works and associated services included in the scope of this procurement include, but is not limited to: \n•\tGeneral pre-construction services;\n•\tSection-specific pre-construction services;\n•\tGeneral and Section-specific preliminaries; \n•\tWorks to be delivered in Sections with Sections that cover a wide range of scope, including, but not limited to:\no\tPreparatory Works\no\tReplacement of core infrastructure\no\tGround Floor \no\tAuditorium\no\tWorkplace Floors\no\tBasement Works\nThe exact scope of each Section will be developed during the pre-construction stage. An indicative description of the Sections is set out in the Statement of Requirements. The Bank reserves the right to refine, expand, reduce, or omit the scope, content, and timing of any Section prior to its instruction. No Section will proceed unless and until the Bank issues a formal notice to proceed for that Section.\nFurther details in relation to the Main Works and associated services are set out in the Statement of Requirements provided as part of the associated tender documents. \nThe Bank intends to (and reserves the right to) directly award additional or repeat works that are similar to the works supplied under the contract which is the subject matter of this Tender Notice, in accordance with Schedule 5, paragraph 8 of PA 2023.",
    "riskDetails": "Given the age and historic nature of the Threadneedle Street estate and the fact that the last renewals programme was undertaken in 1942, the Bank considers that the underlying condition of the building is unknown to some degree. Certain investigations have already been undertaken during the early design stages, however to the extent any such items remain unknown, these may only be discoverable once the services and/or construction works to the Threadneedle Street estate commence and more fully access the underlying building and infrastructure. The precise consequences of any such discovery items and the impact on the provision of the works including the level of resource or specialist resources required and consequences on the programme are unknown at this stage.",
    "tenderPeriod": {
      "endDate": "2026-05-15T12:00:00+01:00"
    },
    "enquiryPeriod": {
      "endDate": "2026-04-29T12:00:00+01:00"
    },
    "aboveThreshold": true,
    "submissionTerms": {
      "languages": [
        "en"
      ],
      "electronicSubmissionPolicy": "allowed"
    },
    "procurementMethod": "open",
    "mainProcurementCategory": "works",
    "submissionMethodDetails": "All Suppliers interested in participating should email tenderteam@bankofengland.co.uk for access to the tender documentation. \nAll suppliers requesting access will be required to sign a Non-disclosure agreement ahead of viewing the documentation.  \nSubmission of responses to the Procurement Specific Questionnaire and initial tenders responses must be via the Bank of England's Procurement portal: https://supplierlive.proactisp2p.com/, and submitted by 15 May 2026.",
    "procurementMethodDetails": "Competitive flexible procedure",
    "additionalProcurementCategories": [
      "services"
    ]
  },
  "parties": [
    {
      "id": "GB-COH-RC000042",
      "name": "BANK OF ENGLAND",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKI31",
        "country": "GB",
        "locality": "London",
        "postalCode": "EC2R 8AH",
        "countryName": "United Kingdom",
        "streetAddress": "Threadneedle Street"
      },
      "details": {
        "classifications": [
          {
            "id": "publicAuthorityCentralGovernment",
            "scheme": "UK_CA_TYPE",
            "description": "Public authority - central government"
          }
        ]
      },
      "identifier": {
        "id": "RC000042",
        "scheme": "GB-COH"
      },
      "contactPoint": {
        "email": "askprocurement@bankofengland.co.uk"
      },
      "additionalIdentifiers": [
        {
          "id": "PRDB-1113-HPPT",
          "scheme": "GB-PPON"
        }
      ]
    }
  ],
  "language": "en",
  "initiationType": "tender"
}
22 May 2025 · 025366-2025 · planning
{
  "id": "025366-2025",
  "tag": [
    "planning"
  ],
  "date": "2025-05-22T17:56:18+01:00",
  "ocid": "ocds-h6vhtk-051f69",
  "buyer": {
    "id": "GB-COH-RC000042",
    "name": "BANK OF ENGLAND"
  },
  "tender": {
    "id": "PROC/473",
    "lots": [
      {
        "id": "1",
        "status": "planned",
        "contractPeriod": {
          "endDate": "2029-12-31T23:59:59Z",
          "startDate": "2026-10-01T00:00:00+01:00"
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UKI4",
            "country": "GB",
            "countryName": "United Kingdom"
          }
        ],
        "additionalClassifications": [
          {
            "id": "45453000",
            "scheme": "CPV",
            "description": "Overhaul and refurbishment work"
          }
        ]
      }
    ],
    "title": "Location Strategy Main Works",
    "value": {
      "amount": 120000000,
      "currency": "GBP",
      "amountGross": 150000000
    },
    "status": "planned",
    "legalBasis": {
      "id": "2023/54",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents",
      "scheme": "UKPGA"
    },
    "description": "Refurbishment works at the Bank's Threadneedle Street",
    "communication": {
      "futureNoticeDate": "2025-12-01T23:59:59Z"
    },
    "mainProcurementCategory": "works"
  },
  "parties": [
    {
      "id": "GB-COH-RC000042",
      "name": "BANK OF ENGLAND",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKI31",
        "country": "GB",
        "locality": "London",
        "postalCode": "EC2R 8AH",
        "countryName": "United Kingdom",
        "streetAddress": "Threadneedle Street"
      },
      "details": {
        "classifications": [
          {
            "id": "publicAuthorityCentralGovernment",
            "scheme": "UK_CA_TYPE",
            "description": "Public authority - central government"
          }
        ]
      },
      "identifier": {
        "id": "RC000042",
        "scheme": "GB-COH"
      },
      "contactPoint": {
        "email": "FM.Contracts@bankofengland.co.uk"
      },
      "additionalIdentifiers": [
        {
          "id": "PRDB-1113-HPPT",
          "scheme": "GB-PPON"
        }
      ]
    }
  ],
  "language": "en",
  "planning": {
    "documents": [
      {
        "id": "025366-2025",
        "url": "https://www.find-tender.service.gov.uk/Notice/025366-2025",
        "format": "text/html",
        "noticeType": "UK1",
        "description": "Pipeline notice on Find a Tender",
        "documentType": "plannedProcurementNotice",
        "datePublished": "2025-05-22T17:56:18+01:00"
      }
    ]
  },
  "initiationType": "tender"
}