Award

Targeted Analysis of the Microeconomics of a Central Bank Digital Currency

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

22 May 2023 at 10:52

Summary of the contracting process

The Bank of England awarded a contract for the "Targeted Analysis of the Microeconomics of a Central Bank Digital Currency" to Frontier Economics Limited. The procurement method used was a limited competitive quotation process below the threshold value of £100,000 in GBP. The contract period started on January 19, 2023, and ended on March 27, 2023. The contracting authority was the Bank of England, located in London, England, in the financial consultancy services industry category.

This tender provides opportunities for businesses, especially those involved in financial consultancy, economic research services, and business management consultancy. Small and medium-sized enterprises (SMEs) are well-suited to compete for such contracts. Interested businesses should be prepared for competitive quotation processes and be able to deliver services related to the microeconomics of central bank digital currencies. The successful bidder, Frontier Economics Limited, can enhance their portfolio and reputation through this awarded contract with the Bank of England.

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Notice Title

Targeted Analysis of the Microeconomics of a Central Bank Digital Currency

Notice Description

A report to provide targeted analysis on the microeconomics of a CBDC, particularly the economics of potential Payment Interface Provider (PIP) business models.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-25381012-f6b9-440d-b7bf-da39f1a8264e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e111ae7e-076f-4a86-86cf-a93fefb69ca6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

66171000 - Financial consultancy services

79311400 - Economic research services

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£100,000 £100K-£500K
Lots Value
Not specified
Awards Value
£100,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
22 May 20232 years ago
Submission Deadline
6 Jan 2023Expired
Future Notice Date
Not specified
Award Date
16 Jan 20233 years ago
Contract Period
19 Jan 2023 - 27 Mar 2023 1-6 months
Recurrence
Not specified

Notice Status

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

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

FRONTIER ECONOMICS

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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