Award

Feasibility Study Service on the E-commerce of CBDC

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

06 Jan 2023 at 13:09

Award Notice
Summary of the contracting process

The Bank of England has awarded a contract for a Feasibility Study Service on the E-commerce of CBDC. The procurement stage was selective, with a contract value of £113,650 in GBP. The contract period runs from October 10, 2022, to March 9, 2023. The service falls under the IT services category and is suited for small and medium-sized enterprises (SMEs).

This tender presents an opportunity for businesses interested in IT consultancy services related to Central Bank Digital Currency (CBDC) and online payment methods. Companies with expertise in IT consulting, software development, and Internet technologies are well-suited to compete in this procurement process led by the Bank of England. The contract period allows for substantial project engagement and growth potential for successful service providers.

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Notice Information

Notice Title

Feasibility Study Service on the E-commerce of CBDC

Notice Description

Provision of consultancy service to deliver a Feasibility Study relating to the use of a retail Central Bank Digital Currency (CBDC) as a method of payment for Cardholder Not Present (CNP) transactions, i.e. e-commerce, m-commerce and remote payments. This is a call-off contract under the Crown Commercial Service Payment Acceptance Framework (RM6118, Lot 7).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-082f01e5-c559-4325-ba3e-0ec089b6f606
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fa3be9a4-96c6-4da7-95ad-de04937a1a38
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£113,650 £100K-£500K
Lots Value
Not specified
Awards Value
£113,650 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
6 Jan 20233 years ago
Submission Deadline
26 Sep 2022Expired
Future Notice Date
Not specified
Award Date
9 Oct 20223 years ago
Contract Period
9 Oct 2022 - 9 Mar 2023 1-6 months
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
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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

HYPERION SYSTEMS LTD. (T/A CONSULT HYPERION

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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