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In deliveryUnited KingdomWorks£141,666,667Add to pipeline

Location Strategy: Main Works

Awarded to SIR ROBERT MCALPINE LIMITED

BANK OF ENGLAND(buyer)

Published
Published 22 May 2025
Deadline
Closed 15 May 2026

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Overview

The Bank of England sought a main contractor to deliver the main works for the consolidation and refurbishment of its Threadneedle Street estate as part of the Location Strategy Project. The scope covers general and section-specific pre-construction services, preliminaries, and phased works including infrastructure replacement, ground floor, auditorium, workplace floors, and basement works. The contract has been awarded to Sir Robert McAlpine Limited for a value of £133,000,000.

Contracting authority

  • 2 live opportunities · 93 awarded contracts

    London, United Kingdom

    GB-COH: RC000042

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Key details

Country
United Kingdom
Status
In delivery
Category
Works
Estimated value
£141,666,667
Procedure
Competitive flexible procedure
Rules
Procurement Act 2023
Published
22 May 2025
Questions by
29 April 2026
Deadline
Closed
Classification (CPV)
Building construction workEngineering works and construction works

Award outcome

Awarded value
£133,000,000
Award date
26 October 2026
Contract period
1 November 2026 → 31 October 2030
Contract length
4 years
Could run to
19 November 2031
Against estimate
6% below
Bids received
4
Winner
  • SIR ROBERT MCALPINE LIMITED

This contract ends on 31 October 2030, or 19 November 2031 if every extension is used.

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About the winner

SIR ROBERT MCALPINE LIMITED

Based in
Kings Langley
Public contracts won
7
Across UK and EU notices

No other contract from BANK OF ENGLAND under this supplier name in Skim's records.

See every contract SIR ROBERT MCALPINE LIMITED holds and when each one ends

Competition and scoring

Bids received

4

0 from SMEs

Open and restricted tenders in Construction work drew a median of 5 bids over the last 24 months; 13% received only one.

Who bid

  • SIR ROBERT MCALPINE LIMITEDWinner
  • OVERBURY PLC
  • BOVIS CONSTRUCTION (EUROPE) LIMITED

How bids were scored

Price 30% · Quality 70%

  • Construction Strategy in a Live, Secure, Heritage Environment15%
  • Adaptive Reuse, Heritage and Sustainability in Construction8%
  • Commercial Control, Cost Certainty and Value15%
  • Design Management and Delivery Interfaces5%
  • Programme, Risk & Governance7%
  • Project Team and Supply Chain15%
  • Social Value5%
  • Commercial30%

Price and cost criteria in black, quality in blue.

Market context

Typical award in Construction work

£160,228

Median of 19,437 awards in the last 24 months

This award is 830.1× the median.

BANK OF ENGLAND in the last 12 months

101

contracts awarded, worth £296,031,529 in total

See their procurement profile →

Recent awards in Construction work

The latest contracts other buyers awarded under the same classification.

Notice history

Every published notice in this contracting process, newest first.

  1. Contract

    26 October 2026

  2. Contract Notice

    31 March 2026

  3. Prior Information Notice

    22 May 2025

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