Award

Credit Risk Database Subscription

BANK OF ENGLAND

This public procurement record has 2 releases in its history.

AwardUpdate

06 Jan 2023 at 14:34

Award Notice
Award

06 Jan 2023 at 14:25

Award Notice
Summary of the contracting process

The Bank of England awarded a contract for the provision of Credit Risk Database Subscription services to Kamakura Corporation. The contract is valued at £186,038 GBP and has a contract period starting from August 1, 2022, to July 31, 2026. The procurement method used was direct, specifically a Single tender action (below threshold). The tender period ended on July 18, 2022, and the contract was awarded on August 1, 2022.

This procurement opportunity presents businesses in the software package and information systems industry with a chance to bid for contracts in services provision. Small and medium-sized enterprises (SMEs) may find this tender particularly suitable. The buyer, Bank of England, based in London, United Kingdom, sought to engage a supplier for this specific service, creating a business growth opportunity for well-suited companies in the industry sector.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Credit Risk Database Subscription

Notice Description

Provision of Credit Risk Database Subscription.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-21391aba-3225-45c3-a9af-93014b607470
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/069d66cc-a4ca-483b-a3c6-34cd966c6d85
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
SME
Awardee Scale
SME

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
£186,038 £100K-£500K
Lots Value
Not specified
Awards Value
£186,038 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
6 Jan 20233 years ago
Submission Deadline
18 Jul 2022Expired
Future Notice Date
Not specified
Award Date
31 Jul 20223 years ago
Contract Period
31 Jul 2022 - 31 Jul 2026 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
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

KAMAKURA

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-21391aba-3225-45c3-a9af-93014b607470-2023-01-06T14:34:08Z",
    "date": "2023-01-06T14:34:08Z",
    "ocid": "ocds-b5fd17-21391aba-3225-45c3-a9af-93014b607470",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "CON/1000784",
        "title": "Credit Risk Database Subscription",
        "description": "Provision of Credit Risk Database Subscription.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "48000000",
            "description": "Software package and information systems"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 186038,
            "currency": "GBP"
        },
        "procurementMethod": "direct",
        "procurementMethodDetails": "Single tender action (below threshold)",
        "tenderPeriod": {
            "endDate": "2022-07-18T17:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2022-08-01T00:00:00+01:00",
            "endDate": "2026-07-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/9yt6Qa35",
            "name": "BANK OF ENGLAND",
            "identifier": {
                "legalName": "BANK OF ENGLAND",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/9yt6Qa35"
            },
            "address": {
                "streetAddress": "Threadneedle Street",
                "locality": "LONDON",
                "postalCode": "EC2R8AH",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Jason Cheung",
                "email": "Technology.contracts@bankofengland.co.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-231884",
            "name": "Kamakura Corporation",
            "identifier": {
                "legalName": "Kamakura Corporation"
            },
            "address": {
                "streetAddress": "2222 Kalakaua Avenue Suite 1400 Honolulu HI 96815 US"
            },
            "details": {
                "scale": "sme",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/9yt6Qa35",
        "name": "BANK OF ENGLAND"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-21391aba-3225-45c3-a9af-93014b607470-1",
            "status": "active",
            "date": "2022-08-01T00:00:00+01:00",
            "datePublished": "2023-01-06T14:25:36Z",
            "value": {
                "amount": 186038,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-231884",
                    "name": "Kamakura Corporation"
                }
            ],
            "contractPeriod": {
                "startDate": "2022-08-01T00:00:00+01:00",
                "endDate": "2026-07-31T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/069d66cc-a4ca-483b-a3c6-34cd966c6d85",
                    "datePublished": "2023-01-06T14:25:36Z",
                    "format": "text/html",
                    "language": "en",
                    "dateModified": "2023-01-06T14:34:08Z"
                }
            ]
        }
    ]
}