Award

B2B Payment Research

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

07 Oct 2024 at 10:27

Award Notice
Summary of the contracting process

The Bank of England, located in London, has completed the award stage of a procurement process for B2B Payment Research services under the industry category of research services (CPV code: 73110000). The contract, valued at £150,000, was awarded to The Boston Consulting Group LLP UK. The tender was conducted through a limited, competitive quotation method below threshold, suited for larger organisations and not specifically targeting SMEs or VCSEs. The contracting period for this research project spans from 29th April 2024 to 5th August 2024, with the award being made official on 17th April 2024 and published on 7th October 2024.

This tender offers significant business growth opportunities, especially for firms specialising in financial stability research. Organisations with expertise in providing comprehensive research services, particularly in the financial sector, would be well-suited to compete for this type of contract. Given the involvement of a prestigious institution like the Bank of England and the substantial contract value, successful bidders can enhance their market credibility and consolidate their position within the research services industry.

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Notice Information

Notice Title

B2B Payment Research

Notice Description

Research Services for Financial Stability

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2d77fa71-68d6-42fc-b61c-205245ed57a7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/41dcea7c-7976-4967-a8cd-5ae125424d64
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73110000 - Research services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
£150,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Oct 20241 years ago
Submission Deadline
18 Mar 2024Expired
Future Notice Date
Not specified
Award Date
16 Apr 20241 years ago
Contract Period
28 Apr 2024 - 5 Aug 2024 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
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

THE BOSTON CONSULTING GROUP

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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