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PROCUREMENT OPPORTUNITY

Location Strategy: Main Works

BANK OF ENGLAND · Tender notice on Find a Tender

Tender information last checkedLast checked 3 Oct 2026, 08:16.

Opportunity overview

The Bank is seeking a highly experienced, appropriately resourced and capable Main Contractor to deliver the Main Works associated with the consolidation and refurbishment of its Threadneedle Street estate, as part of the Bank's Location Strategy Project. The Project represents a significant investment in the long-term stewardship of the Bank's estate and involves the delivery of a complex construction programme. The Bank expects the appointed Main Contractor to demonstrate a high standard of competence in planning, coordination and execution, together with a disciplined approach to safety, quality, programme and cost control The Main Works and associated services included in the scope of this procurement include, but is not limited to: • General pre-construction services; • Section-specific pre-construction services; • General and Section-specific preliminaries; • Works to be delivered in Sections with Sections that cover a wide range of scope, including, but not limited to: o Preparatory Works o Replacement of core infrastructure o Ground Floor o Auditorium o Workplace Floors o Basement Works The exact scope of each Section will be developed during the pre-construction stage. An indicative description of the Sections is set out in the Statement of Requirements. The Bank reserves the right to refine, expand, reduce, or omit the scope, content, and timing of any Section prior to its instruction. No Section will proceed unless and until the Bank issues a formal notice to proceed for that Section. Further details in relation to the Main Works and associated services are set out in the Statement of Requirements provided as part of the associated tender documents. The Bank intends to (and reserves the right to) directly award additional or repeat works that are similar to the works supplied under the contract which is the subject matter of this Tender Notice, in accordance with Schedule 5, paragraph 8 of PA 2023.

Classification

  • CPV45210000 — Building construction work
  • CPV45220000 — Engineering works and construction works

Lots

  • Lot 1£141.7m

Documents and notices

  • Tender notice on Find a TenderOpen source ↗
  • Documents to be provided after the tender notice A - Instructions to Suppliers B - Procurement Specific Questionnaire C - Invitation to Tender (including Tender Questions) D - Statement of Requirements E - Pricing Schedule F - Draft Contract G - Supplier Code of Practice H - Freedom of Information Form I - Form of Tender Other Documents - Bank of England Security Schedule Documents are provided on the Bank of England's Procurement portal  https://supplierlive.proactisp2p.com/ Due to the sensitive nature of the Threadneedle Street building and associated documentation, interested suppliers are required to complete a non-disclosure agreement in order to access the associated tender documents. Interested suppliers should email  tenderteam@bankofengland.co.uk  with the reference "PROC/473 LSP - Main Works - NDA Request" within the subject, and confirm the signatory name and e-mail address for the Non-disclosure Agreement, this will then be issued via Docusign.Open source ↗

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id
PROC/473
Status
active
Procurement Method
open
Procurement Method Details
Competitive flexible procedure
Main Procurement Category
works
Above Threshold
Yes
How to submit
All Suppliers interested in participating should email tenderteam@bankofengland.co.uk for access to the tender documentation. All suppliers requesting access will be required to sign a Non-disclosure agreement ahead of viewing the documentation. Submission of responses to the Procurement Specific Questionnaire and initial tenders responses must be via the Bank of England's Procurement portal: https://supplierlive.proactisp2p.com/, and submitted by 15 May 2026.
Published risks
Given the age and historic nature of the Threadneedle Street estate and the fact that the last renewals programme was undertaken in 1942, the Bank considers that the underlying condition of the building is unknown to some degree. Certain investigations have already been undertaken during the early design stages, however to the extent any such items remain unknown, these may only be discoverable once the services and/or construction works to the Threadneedle Street estate commence and more fully access the underlying building and infrastructure. The precise consequences of any such discovery items and the impact on the provision of the works including the level of resource or specialist resources required and consequences on the programme are unknown at this stage.

Legal basis

Id
2023/54
Scheme
UKPGA

Procedure

Features
The procedure comprises: Stage 1 - requiring a response to the procurement specific questionnaire (including Conditions of Participation) together with an initial tender response. Conditions of Participation will be evaluated and the top five (5) scoring suppliers will have their initial tender responses evaluated. There will be an intermediate assessment of initial tender responses against the award criteria to create a shortlist of three suppliers. The top three (3) scoring suppliers will then be invited to Stage 2 Stage 2 - negotiations with the three (3) shortlisted suppliers Potentially additional negotiations All shortlisted suppliers will be invited to participate in negotiations and to submit a final tender response. Stage 3 - the Bank will issue a BAFO invitation and request submission of final tender responses Full details are set out in the Instructions to Suppliers document.

Additional Procurement Categories

services

Covered By

GPA
CPTPP

Submission terms

Electronic Submission Policy
allowed

Languages

en

Tender Period

Ends
15 May 2026, 12:00

Enquiry period

Ends
29 Apr 2026, 12:00

Expected award period

Ends
5 Oct 2026, 23:59

Lots and requirements

Entry 1
Id
1
Status
active
Has Renewal
Yes
Has Options
Yes

Value

Including VAT
170,000,000
Amount
141,666,666.67
Currency
GBP

Award criteria

Criteria

Criterion 1
Type
quality
Name
Construction Strategy in a Live, Secure, Heritage Environment

Numbers

Entry 1
Number
15
Weight
percentageExact
Criterion 2
Type
quality
Name
Adaptive Reuse, Heritage and Sustainability in Construction

Numbers

Entry 1
Number
8
Weight
percentageExact
Criterion 3
Type
quality
Name
Commercial Control, Cost Certainty and Value

Numbers

Entry 1
Number
15
Weight
percentageExact
Criterion 4
Type
quality
Name
Design Management and Delivery Interfaces

Numbers

Entry 1
Number
5
Weight
percentageExact
Criterion 5
Type
quality
Name
Programme, Risk & Governance

Numbers

Entry 1
Number
7
Weight
percentageExact
Criterion 6
Type
quality
Name
Project Team and Supply Chain

Numbers

Entry 1
Number
15
Weight
percentageExact
Criterion 7
Type
quality
Name
Social Value

Numbers

Entry 1
Number
5
Weight
percentageExact
Criterion 8
Type
cost
Name
Commercial
Description
The nature of the contract (Pre-construction services and construction works) result in a combination of Cost and Price components.

Numbers

Entry 1
Number
30
Weight
percentageExact

Selection criteria

Criteria

Criterion 1
Type
technical
Description
In summary, the conditions of participation addresses the following and are being assessed on a Pass/Fail basis; Core Supplier Information Associated Persons Debarment (including proposed key sub-consultants) Financial Capacity Insurance Requirements Subcontractor Information (proposed and experience of management) Health & Safety Payment in Contracts Prompt Payment Terms Prompt Payments Professional Memberships / Accreditation Modern Slavery Carbon Reduction Plan Quality Assurance Equality & Diversity Business Continuity ESG Bribery Act 2010 The conditions of participation also addresses the following and are being assessed on a scored basis; Relevant experience and contract examples Organisational standards The questions and the assessment criteria are set out in the Procurement Specific Questionnaire provided as part of the associated tender documents.

Contract period

Starts
1 Nov 2026, 00:00
Ends
31 Oct 2030, 23:59
Max Extent Date
31 Oct 2031, 23:59

Renewal

Description
The initial contract term is for 4 years with an option to extend at the Bank's discretion (and in one or more extension periods) up to a further 12 months.

Options

Description
The works themselves will commence in phases as Sections are identified and instructed by the Bank. An indicative description of the Sections is set out in the Statement of Requirements. The Bank reserves the right to refine, expand, reduce, or omit the scope, content, and timing of any Section prior to its instruction. No Section will proceed unless and until the Bank issues a formal notice to proceed for that Section. Further details are set out in the Statement of Requirements provided as part of the associated tender documents.

Items and delivery

Item 1
Id
1
Related Lot
1

Additional Classifications

Entry 1
Scheme
CPV
Id
45210000
Description
Building construction work
Entry 2
Scheme
CPV
Id
45220000
Description
Engineering works and construction works

Delivery locations

Entry 1
Region
UK
Country
GB
Country Name
United Kingdom

Published documents

Entry 1
Id
conflictOfInterest
Document Type
conflictOfInterest
Description
Not published
Entry 2
Id
L-1
Document Type
technicalSpecifications
Description
Documents to be provided after the tender notice A - Instructions to Suppliers B - Procurement Specific Questionnaire C - Invitation to Tender (including Tender Questions) D - Statement of Requirements E - Pricing Schedule F - Draft Contract G - Supplier Code of Practice H - Freedom of Information Form I - Form of Tender Other Documents - Bank of England Security Schedule Documents are provided on the Bank of England's Procurement portal  https://supplierlive.proactisp2p.com/ Due to the sensitive nature of the Threadneedle Street building and associated documentation, interested suppliers are required to complete a non-disclosure agreement in order to access the associated tender documents. Interested suppliers should email  tenderteam@bankofengland.co.uk  with the reference "PROC/473 LSP - Main Works - NDA Request" within the subject, and confirm the signatory name and e-mail address for the Non-disclosure Agreement, this will then be issued via Docusign.
Entry 3
Id
029574-2026
Document Type
tenderNotice
Notice Type
UK4
Description
Tender notice on Find a Tender
Published
31 Mar 2026, 12:13
Format
text/html

Buyer, suppliers and contacts

Organisation 1
Name
BANK OF ENGLAND
Id
GB-COH-RC000042

Identifier

Scheme
GB-COH
Id
RC000042

Additional Identifiers

Entry 1
Scheme
GB-PPON
Id
PRDB-1113-HPPT

Address

Street Address
Threadneedle Street
Locality
London
Postal Code
EC2R 8AH
Country
GB
Country Name
United Kingdom
Region
UKI31

Contact

Roles

buyer

Details

Classifications

Entry 1
Scheme
UK_CA_TYPE
Id
publicAuthorityCentralGovernment
Description
Public authority - central government

Recorded locations

  • Buyer location · London · UKI31 · EC2R 8AH · United Kingdom
  • Delivery location · UK · United Kingdom

Notice and amendment history

1 published notice version reviewed by ProcuraAxis.

1 VERSION
  1. 029574-2026Tender notice on Find a Tender ·