Award

Provision of Market Data services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

06 Feb 2025 at 09:57

Award Notice
Summary of the contracting process

The Bank of England, headquartered in London, has completed the procurement process for the Provision of Market Data services, classified under the industry category of Data services (CPV: 72300000). The procurement method was conducted under a waiver process, with the tender period concluding on 11 November 2024 and the contract term running from 1 December 2024 to 30 November 2028. The total value of the awarded contract is £772,328. The procurement stage is marked as 'Award' with the contract being awarded to Moody's on 25 November 2024.

This tender presents significant opportunities for businesses providing specialised data services to partner with a prestigious institution such as the Bank of England. Market data service providers, particularly those with capabilities to meet stringent data requirements and maintain large-scale operations, would find this tender attractive. Although the awarded contract excludes SMEs and VCSEs, it could inspire potential service providers to scale and enhance their offerings to compete for future opportunities with similar high-profile clients.

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Notice Information

Notice Title

Provision of Market Data services

Notice Description

Provision of Market Data services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1e23e30d-db2f-457e-a613-803c307fe1b4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2555a169-2284-4f7d-bf80-cdc49ead2dd9
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Waiver
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

72300000 - Data services

Notice Value(s)

Tender Value
£772,328 £500K-£1M
Lots Value
Not specified
Awards Value
£772,328 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
6 Feb 20251 years ago
Submission Deadline
11 Nov 2024Expired
Future Notice Date
Not specified
Award Date
25 Nov 20241 years ago
Contract Period
1 Dec 2024 - 30 Nov 2028 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
02034613000

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

MOODY'S

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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