Section one: Contracting authority/entity
one.1) Name and addresses
BANK OF ENGLAND
Threadneedle Street
London
EC2R 8AH
Contact
Technology Procurement Team
Technology.contracts@bankofengland.co.uk
Telephone
+44 2034614444
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
Technology Services
Reference number
CON/1001493
two.1.2) Main CPV code
- 72260000 - Software-related 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:
Provision of professional technology services
The contract was a call-off contract awarded under Technology Support Services Framework (Notice identifier: 2024/S 000-028488). (NB this Contract Modification Notice does not modify the overarching framework agreement).
two.2.7) Duration of the contract, framework agreement, dynamic purchasing system or concession
Duration in months
42
In the case of framework agreements, provide justification for any duration exceeding 4 years
This call-off from a framework does not exceed 4 years. Duration of 42 months consisted of 6 months for Phase 1 and the award provides an option for 36 months for Phase 2.
Section four. Procedure
four.2) Administrative information
four.2.1) Contract award notice concerning this contract
Notice number: 2024/S 000-028488
Section five. Award of contract/concession
Contract No
CON/1001493
five.2) Award of contract/concession
five.2.1) Date of conclusion of the contract/concession award decision:
4 June 2024
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
Mastek UK Limited
Reading
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
02731277
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: £1,672,770
Section six. Complementary information
six.3) Additional information
£1,672,770 for Phase 1 - the award provides an option for Phase 2
six.4) Procedures for review
six.4.1) Review body
High Court, Royal Courts of Justice
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
- 72260000 - Software-related services
seven.1.3) Place of performance
NUTS code
- UK - United Kingdom
seven.1.4) Description of the procurement:
Provision of professional technology services
seven.1.5) Duration of the contract, framework agreement, dynamic purchasing system or concession
Duration in months
46
In the case of framework agreements, provide justification for any duration exceeding 4 years:
This call-off from a framework does not exceed 4 years. Duration of 46 months consists of 10 months for Phase 1 and the award provides an option for 36 months for Phase 2.
seven.1.6) Information on value of the contract/lot/concession (excluding VAT)
Total value of the contract/lot/concession:
£2,349,045
seven.1.7) Name and address of the contractor/concessionaire
Mastek UK Limited
Reading
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
02731277
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):
Change 001 resulted in no price increase.
Change 002 amended Phase 1 scope to account for increased unforeseen complexity = +£0.29m
Change 002 was an earlier modification reliant on 72(1)(e) which extended for 2 months.
Change 003 amended scope to remove uncertainty and de-risk subsequent phases = +£0.39m
Change 003 is the modification reliant on 72(1)(b) which extends Phase 1 for a further 2 months.
Change 003 has an option to extend for a further 1 month. Any increase in price for this optional 1 month would not exceed 50% of the value of the original contract.
The award provides an option for 36 months for Phase 2.
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:
Need for additional works, services or supplies by the original contractor/concessionaire.
This contract is being modified in accordance with Regulation 72(1)(b) of the Public Contracts Regulations 2015, and the change is made for additional services or supplies by the original contractor that have become necessary and were not included in the initial procurement, where a change of contractor -
(i) cannot be made for economic or technical reasons such as requirements of interchangeability or interoperability with existing equipment, services or installations procured under the initial procurement, and
(ii) would cause significant inconvenience or substantial duplication of costs for the contracting authority
provided that any increase in price does not exceed 50% of the value of the original contract.
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: £1,961,245
Total contract value after the modifications
Value excluding VAT: £2,349,045