Award

CBDC Proof of Concept and Research of Offline Payments

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

26 Apr 2023 at 15:20

Award Notice
Summary of the contracting process

The Bank of England has awarded a contract for the CBDC Proof of Concept and Research of Offline Payments to Thales UK Limited. The procurement process was completed with a total value of 100,620 GBP. This selective procurement method involved calling off from a framework agreement. The contract period is from January 9th, 2023, to May 8th, 2023. The tender period ended on January 8th, 2023. The buying organisation, Bank of England, located in London, issued this contract in the services category.

This tender awarded by the Bank of England presents opportunities for small and medium-sized enterprises (SMEs) in the software and information systems industry. The contract with Thales UK Limited can lead to business growth by exploring the feasibility of Offline Payments with a future digital currency. Businesses in the technology sector, especially those focused on software packages, could find this tender well-suited for competition. The award date was December 16th, 2022, and the contract is currently active.

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Notice Information

Notice Title

CBDC Proof of Concept and Research of Offline Payments

Notice Description

Proof of Concept work and a final report on the feasibility of Offline Payments with a future digital currency.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6cf93e95-c5d5-4aa9-a87e-8ddad4210e57
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b108cab3-7af2-44a6-b043-7bd0a9f8eb27
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
SME

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
£100,620 £100K-£500K
Lots Value
Not specified
Awards Value
£100,620 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
26 Apr 20232 years ago
Submission Deadline
8 Jan 2023Expired
Future Notice Date
Not specified
Award Date
16 Dec 20223 years ago
Contract Period
9 Jan 2023 - 8 May 2023 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
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

THALES

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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