Award

Markit Renewal Addendum - iBoxx Data for PRA Risk Free Rates

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

30 Mar 2022 at 10:40

Summary of the contracting process

The Bank of England has completed a direct award tender titled "Markit Renewal Addendum - iBoxx Data for PRA Risk Free Rates." This procurement falls under the software package and information systems category and is focused on creating Solvency II Risk Free Rates information, which is a business-critical function. The tender period ended on 21 January 2022, with the contract specified to commence on 24 January 2022 and conclude on 23 January 2025. The total contract value is £171,000, and it is located in London, England.

This tender presents an opportunity for larger businesses with expertise in software systems and financial data compliance to engage in contracts with the Bank of England. Companies that specialise in providing financial data solutions, risk management software, or related services would be well-suited to compete in similar future tenders. The outcome of this procurement can foster relationships and expand market reach for such businesses in the public sector.

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Notice Title

Markit Renewal Addendum - iBoxx Data for PRA Risk Free Rates

Notice Description

This specific data is required to create Solvency II Risk Free Rates information. The Bank has a legal requirement to publish this information and is a Business Critical Function

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-60dbf6d2-0939-4379-ae5d-44daf6592fa1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2b7b6a6b-3971-45d4-a34d-8c2f4088179f
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48000000 - Software package and information systems

Notice Value(s)

Tender Value
£171,000 £100K-£500K
Lots Value
Not specified
Awards Value
£171,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
30 Mar 20223 years ago
Submission Deadline
21 Jan 2022Expired
Future Notice Date
Not specified
Award Date
22 Jan 20224 years ago
Contract Period
24 Jan 2022 - 23 Jan 2025 3-4 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

IHS MARKIT

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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