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Official procurement procedure

Legal Services Framework

Business services: law
marketing
consulting
+3 more
UK
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: BANK OF ENGLAND: "Legal Services Framework". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityBANK OF ENGLANDScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: BANK OF ENGLAND
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for BANK OF ENGLAND. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Average Price Reduction
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
15.1Bids / Report
7.1% of reports have one bid
Supplier ConcentrationHigh Concentration
ESOTEC LTD.Top vendor: 91.8% of attributable value
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 179 active published awards; 28 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Price reduction compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Historical Awarded Suppliers With This Authority:
Supplier NameHistoric AwardsAttributable GBP Value
ESOTEC LTD.1 win£4,163,656
Bureau Veritas UK Limited1 win£175,000
Piller UK Limited2 wins£104,344
3VRM LIMITED1 win£95,000
Procedure terms
Contracting AuthorityBANK OF ENGLAND
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published6 May 2025, 10:32 BST
Last source update6 May 2025, 10:32 BST
Recurring procurementNot published
ClassificationBusiness services: law, marketing, consulting, recruitment, printing and security, Legal services
Delivery area
UK
OCIDocds-h6vhtk-042d0d
What is being bought
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.
What changed
From the official release history
  1. tender value changed
    6 May 2025, 10:32 BST
  2. Status changed to complete
    6 May 2025, 10:32 BST
  3. Official notice release published
    6 May 2025, 10:32 BST
  4. Submission deadline changed to published date
    6 May 2025, 10:32 BST
  5. Buyer information updated
    6 May 2025, 10:32 BST
  6. Published value updated to £3,600,000
    15 Jan 2024, 12:00 GMT
  7. Status changed to active
    15 Jan 2024, 12:00 GMT
  8. Official notice release published
    15 Jan 2024, 12:00 GMT
  9. Submission deadline changed to 14 Feb 2024, 12:00 GMT
    15 Jan 2024, 12:00 GMT
  10. Buyer information updated
    15 Jan 2024, 12:00 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    For the provision of Loan and Securities Collateral Legal Panel.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    6 May 2025, 10:32 BST
  2. Award active
    Not published · Not published
  3. Award active
    Not published · Not published
  4. Award active
    Not published · Not published
  5. Contract active
    Signed 2 Apr 2025, 00:00 BST · £3,000,000
  6. Contract active
    Signed 4 Nov 2024, 00:00 GMT · £3,000,000
  7. Contract active
    Signed 4 Nov 2024, 00:00 GMT · £3,000,000
Commercial outcome and competition
Awards
Burges Salmon LLP
Not published · Not published · active
Ashurst LLP
Not published · Not published · active
Freshfields Bruckhaus Deringer LLP
Not published · Not published · active
Contracts
Contract
£3,000,000 · signed 2 Apr 2025, 00:00 BST · active
Contract
£3,000,000 · signed 4 Nov 2024, 00:00 GMT · active
Contract
£3,000,000 · signed 4 Nov 2024, 00:00 GMT · active
Bid statistics
bids: 12 (lot 1)
bids: 12 (lot 1)
bids: 12 (lot 1)
Buyer and organisations in this procedure

BANK OF ENGLAND

Contracting authority GB-COH-RC000042
View buyer profile

  • BANK OF ENGLAND
    buyer

    GB-COH: RC000042
    Threadneedle Street, London, UK, EC2R8AH
    Corporate.Contracts@bankofengland.co.uk

  • Ashurst LLP
    supplier

    GB-COH: OC330252
    LONDON, UK

  • Burges Salmon LLP
    supplier

    GB-COH: OC307212
    LONDON, UK

  • Freshfields Bruckhaus Deringer LLP
    supplier

    GB-COH: OC334789
    LONDON, UK

  • High Court, Royal Courts of Justice
    reviewBody

    The Strand Town/city: London, WC2A 2LL
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published