Award

ICAP Global Risk-Free Rates

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

14 Jun 2023 at 13:28

Award Notice
Summary of the contracting process

The Bank of England awarded a contract for the provision of access to the ICAP Global Risk-Free Rates Database. The contract, valued at £121,439 GBP, was awarded directly via a single tender process. The contract period is from February 1, 2023, to January 31, 2027. The buying organisation, the Bank of England, located in London, England, manages this service procurement in the software package and information systems category.

This tender presents an opportunity for businesses interested in providing software services to the financial sector. Suitable businesses would need expertise in risk-free rates databases and software packages. The procurement process has already reached the award stage, with ICAP Information Services Limited winning the contract. Businesses looking to grow in the services category for software solutions should consider similar future tenders issued by the Bank of England.

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Notice Information

Notice Title

ICAP Global Risk-Free Rates

Notice Description

Provision of access to the ICAP Global Risk-Free Rates Database.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-04d3d002-3237-42f9-95de-b5012d13703c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6e7ac202-5459-4d70-b9a5-4369ba6981fe
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48000000 - Software package and information systems

Notice Value(s)

Tender Value
£121,439 £100K-£500K
Lots Value
Not specified
Awards Value
£121,439 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Jun 20232 years ago
Submission Deadline
31 Jan 2023Expired
Future Notice Date
Not specified
Award Date
1 Feb 20233 years ago
Contract Period
1 Feb 2023 - 31 Jan 2027 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Technology Procurement Team
Contact Email
technology.contracts@bankofengland.co.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC2R 8AH
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

ICAP INFORMATION SERVICES

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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