Award

Provision of Market Data services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

18 Nov 2024 at 16:47

Award Notice
Summary of the contracting process

The Bank of England has completed a procurement process for the provision of Market Data services, with Bloomberg PolarLake UK Limited awarded the contract. This contract, classified under the CPV code 72320000 for Database services, is significant for businesses related to technology and data services. The procurement was conducted through an alternative method, specifically a waiver, and has a total value of £748,694.64. The contract period is set from 1st December 2024 to 30th November 2028, covering services to be delivered within England, UK.

This tender provides substantial growth opportunities for businesses specialising in market data and database services, particularly large-scale enterprises. Those with robust capabilities in technology and data services can benefit from the long-term contract and financial value it offers. Although SMEs and VCS enterprises were not specifically targeted, businesses well-versed in managing significant procurement contracts will find this an advantageous opportunity to enhance their market presence and secure a reputable client. The awarded contract highlights the potential for significant collaboration with prominent institutions such as the Bank of England.

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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-b5fd17-4c537de4-025a-4739-869d-8d6d191c7c59
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d067b00a-c4ed-4eb6-b22c-ab0016f6ed82
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

72320000 - Database services

Notice Value(s)

Tender Value
£748,694 £500K-£1M
Lots Value
Not specified
Awards Value
£748,694 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20241 years ago
Submission Deadline
1 Oct 2024Expired
Future Notice Date
Not specified
Award Date
3 Oct 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
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

BLOOMBERG POLARLAKE

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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