Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
BANK OF ENGLAND
RC000042
Threadneedle Street
London
EC2R8AH
UK
E-mail: Corporate.Contracts@bankofengland.co.uk
NUTS: UK
Internet address(es)
Main address: https://www.bankofengland.co.uk/
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Economic and financial affairs
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Legal Services Framework
II.1.2) Main CPV code
79000000
II.1.3) Type of contract
Services
II.1.4) Short 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.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
3 000 000.00
GBP
II.2) Description
II.2.2) Additional CPV code(s)
79100000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
Threadneedle Street, London, EC2R 8AH
II.2.4) Description of the procurement
For the provision of Loan and Securities Collateral Legal Panel.
II.2.5) Award criteria
Price
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Restricted procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2024/S 000-001242
Section V: Award of contract
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
04/11/2024
V.2.2) Information about tenders
Number of tenders received: 12
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Burges Salmon LLP
OC307212
LONDON
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 3 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
04/11/2024
V.2.2) Information about tenders
Number of tenders received: 12
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Ashurst LLP
OC330252
LONDON
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 3 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
02/04/2025
V.2.2) Information about tenders
Number of tenders received: 12
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Freshfields Bruckhaus Deringer LLP
OC334789
LONDON
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 3 000 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
High Court, Royal Courts of Justice
The Strand Town/city: London
WC2A 2LL
UK
VI.5) Date of dispatch of this notice
06/05/2025