Award

Retail Payment Research

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

07 Oct 2024 at 10:42

Award Notice
Summary of the contracting process

The BANK OF ENGLAND has successfully completed a procurement process for "Retail Payment Research" under the industry category of research services. This process, which followed a competitive quotation (below threshold) method, commenced its tendering phase with an end date of 18 March 2024. The contract period spans from 29 April 2024 to 5 August 2024 and is located in London, United Kingdom. The contracting authority awarded the contract to The Boston Consulting Group UK LLP, valued at £150,000. The award decision was published on 7 October 2024, marking the completion and activation of the contract.

This tender presents opportunities primarily for large businesses specialising in research services within the financial stability sector. Companies with a strong background in conducting in-depth research for financial institutions would be well-suited to compete in similar future procurements. Despite this particular opportunity being awarded to a large consultancy, small to medium enterprises (SMEs) could potentially explore partnering or subcontracting arrangements to gain exposure and experience, leveraging such projects for business growth and future competitive tendering endeavours.

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Notice Information

Notice Title

Retail Payment Research

Notice Description

Research Services for Financial Stability

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2f3f632d-4921-470a-83f8-330529d2abd2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/38ad1035-6269-47ad-8d44-71b1b346a1bd
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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