Award

Provision of Market Data

BANK OF ENGLAND

This public procurement record has 2 releases in its history.

AwardUpdate

07 Jul 2025 at 15:48

Award

07 Jul 2025 at 15:44

Summary of the contracting process

The Bank of England has completed the procurement process for the "Provision of Market Data" under the industry category of database services. This contract was awarded through a direct award procurement method, with S&P Global UK Limited as the chosen supplier. The contract, valued at £92,166, commenced on 31 March 2025 and runs until 31 March 2029. The procurement is located in London, England and pertains to the services category. The award was actively updated on 7 July 2025, following its initial publication on the same date.

This tender provides significant business growth opportunities, particularly for large enterprises specializing in database services and financial data analytics. Companies equipped with the technical infrastructure and expertise to deliver firm financial metrics at a group level would be well-positioned to compete in similar future tenders. Although SMEs and VCSEs were not considered suitable for this particular contract, the prominence of the Bank of England as a contracting authority highlights an ongoing potential for collaboration and market development in related fields.

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

Notice Title

Provision of Market Data

Notice Description

Provision of Market Data

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5726acdf-2a06-4a89-930d-328e82b9be92
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b2d7fd4a-c240-4818-8636-541b75d8094d
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 - Direct Award
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
£92,166 Under £100K
Lots Value
Not specified
Awards Value
£92,166 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Jul 202510 months ago
Submission Deadline
24 Mar 2025Expired
Future Notice Date
Not specified
Award Date
30 Mar 20251 years ago
Contract Period
30 Mar 2025 - 31 Mar 2029 4-5 years
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

S&P GLOBAL

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-b5fd17-5726acdf-2a06-4a89-930d-328e82b9be92-2025-07-07T16:48:11+01:00",
    "date": "2025-07-07T16:48:11+01:00",
    "ocid": "ocds-b5fd17-5726acdf-2a06-4a89-930d-328e82b9be92",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "CON/1001808",
        "title": "Provision of Market Data",
        "description": "Provision of Market Data",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "72320000",
            "description": "Database services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 92166,
            "currency": "GBP"
        },
        "procurementMethodDetails": "Other - Direct Award",
        "tenderPeriod": {
            "endDate": "2025-03-24T17:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2025-03-31T00:00:00+01:00",
            "endDate": "2029-03-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": false,
            "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": "Technology Procurement Team",
                "email": "Technology.contracts@bankofengland.co.uk",
                "telephone": "020 3461 4878"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-00064070",
            "name": "S&P GLOBAL UK LIMITED",
            "identifier": {
                "legalName": "S&P GLOBAL UK LIMITED",
                "scheme": "GB-COH",
                "id": "00064070"
            },
            "address": {
                "streetAddress": "4th Floor Ropemaker Place, 25 Ropemaker Street, London, United Kingdom, EC2Y 9LY"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/9yt6Qa35",
        "name": "BANK OF ENGLAND"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-5726acdf-2a06-4a89-930d-328e82b9be92-1",
            "status": "active",
            "date": "2025-03-31T00:00:00+01:00",
            "datePublished": "2025-07-07T16:44:52+01:00",
            "value": {
                "amount": 92166,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-00064070",
                    "name": "S&P GLOBAL UK LIMITED"
                }
            ],
            "contractPeriod": {
                "startDate": "2025-03-31T00:00:00+01:00",
                "endDate": "2029-03-31T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/b2d7fd4a-c240-4818-8636-541b75d8094d",
                    "datePublished": "2025-07-07T16:44:52+01:00",
                    "format": "text/html",
                    "language": "en",
                    "dateModified": "2025-07-07T16:48:11+01:00"
                }
            ]
        }
    ]
}