Section one: Contracting authority/entity
one.1) Name and addresses
BANK OF ENGLAND
Threadneedle Street
London
EC2R8AH
corporate.contracts@bankofengland.co.uk
Telephone
+44 2076011116
Country
United Kingdom
Region code
UKI31 - Camden and City of London
Companies House
RC000042
Internet address(es)
Main address
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Services Management
Reference number
CON/1000106 / CON1001134/ REQ/1000106
two.1.2) Main CPV code
- 75310000 - Benefit services
two.1.3) Type of contract
Services
two.2) Description
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement at the time of conclusion of the contract:
The Bank of England has appointed an administrator to support a variety of services.
two.2.7) Duration of the contract, framework agreement, dynamic purchasing system or concession
End date
9 April 2031
Section four. Procedure
four.2) Administrative information
four.2.1) Contract award notice concerning this contract
Notice number: 2024/S 000-009195
Section five. Award of contract/concession
Contract No
CON/1001134
five.2) Award of contract/concession
five.2.1) Date of conclusion of the contract/concession award decision:
30 May 2023
five.2.2) Information about tenders
The contract/concession has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor/concessionaire
Benifex Limited
Hampshire
SO15 2JU
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
04768546
The contractor/concessionaire is an SME
No
five.2.4) Information on value of the contract/lot/concession (at the time of conclusion of the contract;excluding VAT)
Total value of the procurement: £1,200,000
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
High Court of England and Wales
London
Country
United Kingdom
Section seven: Modifications to the contract/concession
seven.1) Description of the procurement after the modifications
seven.1.1) Main CPV code
- 75310000 - Benefit services
seven.1.3) Place of performance
NUTS code
- UK - United Kingdom
seven.1.4) Description of the procurement:
The Bank of England has appointed an administrator to support a variety of services.
seven.1.5) Duration of the contract, framework agreement, dynamic purchasing system or concession
End date
9 April 2031
seven.1.6) Information on value of the contract/lot/concession (excluding VAT)
Total value of the contract/lot/concession:
£1,200,000
seven.1.7) Name and address of the contractor/concessionaire
Benifex Limited (Previously Benefex Limited)
Hampshire
SO15 2JU
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
04768546
The contractor/concessionaire is an SME
No
seven.2) Information about modifications
seven.2.1) Description of the modifications
Nature and extent of the modifications (with indication of possible earlier changes to the contract):
Exercise the option to extend the contract by 2 +2 years and upgrade the existing Benefits+ platform for the remaining 4 years of the contract under Regulation 72(1)(b).
Cost of the upgrade for 4 years £293,624
Original contract value = £1,200,000 + upgrade £293,624.00 = £1,493,624.00.
seven.2.2) Reasons for modification
Need for additional works, services or supplies by the original contractor/concessionaire.
Description of the economic or technical reasons and the inconvenience or duplication of cost preventing a change of contractor:
1) the current system is in use and integrated with other Bank systems
2) the modules are proprietary to the supplier
seven.2.3) Increase in price
Updated total contract value before the modifications (taking into account possible earlier contract modifications, price adaptions and average inflation)
Value excluding VAT: £1,200,000
Total contract value after the modifications
Value excluding VAT: £1,493,624