Official UK procurement notice
Location Strategy: Main Works
Authority: BANK OF ENGLAND
What is being bought
Published requirement descriptionThe 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.
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.
- How the procedure runs: 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.
CPV: Building construction work · Engineering works and construction works
The lotProcurement structure
single lot · value publishedLot #1AwardedRenewalPublished value£141,666,667
- Technical & professional ability
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.
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published sub-criteria (8)
- Design Management and Delivery Interfaces: 5%
- Programme, Risk & Governance: 7%
- Project Team and Supply Chain: 15%
- Commercial Control, Cost Certainty and Value: 15%
- Commercial: 30%
- Social Value: 5%
- Construction Strategy in a Live, Secure, Heritage Environment: 15%
- Adaptive Reuse, Heritage and Sustainability in Construction: 8%
Published award criteria (8)
- Construction Strategy in a Live, Secure, Heritage Environment
- Adaptive Reuse, Heritage and Sustainability in Construction
- Commercial Control, Cost Certainty and Value
- Design Management and Delivery Interfaces
- Programme, Risk & Governance
- Project Team and Supply Chain
- Social Value
- Commercial: The nature of the contract (Pre-construction services and construction works) result in a combination of Cost and Price components.
- Technical & professional ability
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.
- Price carries 45 of 100 points: a 10% discount moves about 4.5 points. Quality carries 27 of 100: the paper moves it further than the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Competitive flexible procedure
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Works
- Notice status
- Awarded
- Procurement threshold
- Above threshold (FTS publication)
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA, CPTPP)
- Recurring procurement
- Unspecified in notice
- First published
- 22 May 2025, 17:56 BST
- Last source update
- 26 Oct 2026, 14:16 GMT
- Award evaluation window
- Submission end – 5 Oct 2026
- Authority reference
PROC/473- FTS notice number
2026/S 000-029574- Latest notice
- Contract award notice (UK6)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-051f69Find a Tender
- How it runs
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.
- 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.
How it was run
Official notice- Submission deadline
- 15 May 2026, 12:00 BST
- Clarification deadline
- 29 Apr 2026, 12:00 BST
- Submission channel
- Official e-sourcing portal
- Electronic submission
- Allowed
- Accepted languages
- en
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: supplierlive.proactisp2p.com ↗, and submitted by 15 May 2026.
Timeline
22 May 2025 → 4 Nov 2026 · 10 dates- Planning notice published22 May 2025, 17:56 BST
- Next notice expected329 days ago1 Dec 2025, 23:59 GMT
- Tender notice published209 days ago31 Mar 2026, 12:13 BST
- Clarification questions by180 days ago29 Apr 2026, 12:00 BST
- Submission deadline164 days ago15 May 2026, 12:00 BST
- Award decision expected by21 days ago5 Oct 2026, 23:59 BST
- Assessment summaries sent28h ago26 Oct 2026
- Latest notice published14h ago26 Oct 2026, 14:16 GMT
- Today27 Oct 2026
- Contract startsin 4 days1 Nov 2026
- Standstill endsin 8 days4 Nov 2026, 23:59 GMT
Notice history
10 events · 3 releases on Find a Tender · since 22 May 2025- Pipeline notice published22 May 2025, 17:56 BSTUK1
- Tender notice published31 Mar 2026, 12:13 BSTUK4
- Published value updated to £141,666,66731 Mar 2026, 12:13 BSTwas £120,000,000
- Status changed to active31 Mar 2026, 12:13 BST
- Procurement method changed31 Mar 2026, 12:13 BST
- Deadline published: 15 May 2026, 12:00 BST31 Mar 2026, 12:13 BST
- Contract award notice published26 Oct 2026, 14:16 GMTUK6
- Status changed to complete26 Oct 2026, 14:16 GMT
- Procurement method changed26 Oct 2026, 14:16 GMT
- Contract signature expected20 Nov 2026, 23:59 GMTscheduled
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Sir Robert McAlpine Limited20 Nov 2026 – 19 Nov 2030 · up to 19 Nov 2031Extensions: 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: 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. | £133,000,000 | 26 Oct 2026standstill to 4 Nov 2026 | Standstill |
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 3final-stage tenders · 4 at stage one | 0 | 0 | — |
Who bid
- wonSIR ROBERT MCALPINE LIMITED · East of England
- did not winOVERBURY PLC · Greater London
- did not winBOVIS CONSTRUCTION (EUROPE) LIMITED · Greater London
Bidders as named on the Procurement Act 2023 award notice. “Won” means the bidder holds an award on this notice.
Contracting authority & participating public bodies
Bidders & participating suppliers
3 commercial parties on the notice · 1 awarded- BOVIS CONSTRUCTION (EUROPE) LIMITEDBidder / tenderer
- OVERBURY PLCBidder / tenderer
- SIR ROBERT MCALPINE LIMITEDAwarded supplier
Official documents & specifications (4)
Official links; attachments are not copiedTender pack and attachments
- Technical specifications 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 …
Notices published for this procedure
- Contract award notice Contract award notice on Find a Tender
- Tender notice Tender notice on Find a Tender
- Pipeline notice Pipeline notice on Find a Tender