Catering Services 2020 - Modification Notice

Description

The Bank of England has a requirement for the provision of catering services at three of its sites, London EC2R 8AH, London EC2R 6DA and Loughton IG10 3TN. The original contract (notice 2020/S 006-009040) Contract was previously modified in notice 2021/S 012-026476 to provide relief due to Covid-19. This previous notice covered a period from May 2020 up to February 2021, and increased the value by £343,817.00. The initial contract was signed in September 2019, with the cost based on historic usage data of the Bank's catering offerings. The Covid-19 pandemic and government mandated lockdowns precipitated a sustained period of work from home guidance, and this resulted in a much-reduced footfall into the Bank between March 2020 and January 2022. In line with the contract, and despite re-scoping of the catering provision, financial relief was required to maintain contract viability. Whilst usage has recovered markedly through 2022, we expect relief to continue to be required, albeit to a lesser extent, for the remainder of the contract. The contract will be reviewed and appropriate strategies put in place to most effectively and appropriately right-size the contract.

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