Award

Renewal of Iboxx Data Licences (three Years)

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

07 Jul 2022 at 14:28

Award Notice
Summary of the contracting process

The Bank of England has completed a tender process for the renewal of Iboxx Data Licences for a three-year period, valued at £232,436. The procurement falls within the information technology services sector, specifically classified under CPV code 72222300. The procurement method employed was a direct single tender action due to it being below the threshold, with the contract period running from 24 January 2022 to 23 January 2025. The relevant delivery location for this service is in London, United Kingdom, and the contract was awarded to IHS Markit Global Limited on 21 December 2021, with the award notice published on 7 July 2022.

This contract presents significant opportunities for businesses in the information technology services sector, particularly those that can offer data licensing solutions or related services. Small and medium-sized enterprises (SMEs) are well-suited to participate in this market, especially those with innovative technology offerings or specialisation in financial data services. Engagement in such procurements can help these businesses expand their client base and establish long-term partnerships with prominent organisations like the Bank of England.

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Notice Information

Notice Title

Renewal of Iboxx Data Licences (three Years)

Notice Description

Renewal of existing agreement for Iboxx Data Licences

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-102f3f15-4244-4c39-ae10-9316ab97152a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a31a8da1-3a62-45dd-8e2c-6563bc860ce7
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

72222300 - Information technology services

Notice Value(s)

Tender Value
£232,436 £100K-£500K
Lots Value
Not specified
Awards Value
£232,436 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Jul 20223 years ago
Submission Deadline
21 Dec 2021Expired
Future Notice Date
Not specified
Award Date
21 Dec 20214 years ago
Contract Period
24 Jan 2022 - 23 Jan 2025 3-4 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
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
TLI London
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

IHS MARKIT GLOBAL

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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