Section one: Contracting authority
one.1) Name and addresses
BANK OF ENGLAND
Threadneedle Street
London
EC2R8AH
Corporate.Contracts@bankofengland.co.uk
Country
United Kingdom
Region code
UK - United Kingdom
Companies House
RC000042
Internet address(es)
Main address
https://www.bankofengland.co.uk/
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Economic and financial affairs
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Legal Services Framework
two.1.2) Main CPV code
- 79000000 - Business services: law, marketing, consulting, recruitment, printing and security
two.1.3) Type of contract
Services
two.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.
two.1.6) Information about lots
This contract is divided into lots: No
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £3,000,000
two.2) Description
two.2.2) Additional CPV code(s)
- 79100000 - Legal services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
Main site or place of performance
Threadneedle Street, London, EC2R 8AH
two.2.4) Description of the procurement
For the provision of Loan and Securities Collateral Legal Panel.
two.2.5) Award criteria
Price
two.2.11) Information about options
Options: No
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Restricted procedure
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
four.2) Administrative information
four.2.1) Previous publication concerning this procedure
Notice number: 2024/S 000-001242
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
4 November 2024
five.2.2) Information about tenders
Number of tenders received: 12
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Burges Salmon LLP
LONDON
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
OC307212
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £3,000,000
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
4 November 2024
five.2.2) Information about tenders
Number of tenders received: 12
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Ashurst LLP
LONDON
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
OC330252
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £3,000,000
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
2 April 2025
five.2.2) Information about tenders
Number of tenders received: 12
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Freshfields Bruckhaus Deringer LLP
LONDON
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
OC334789
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £3,000,000
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
High Court, Royal Courts of Justice
The Strand Town/city: London
WC2A 2LL
Country
United Kingdom