Award

Data Standards Review

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

05 Jan 2023 at 15:43

Award Notice
Summary of the contracting process

The Bank of England has awarded a contract for a "Data Standards Review" to Ernst & Young LLP. The review aimed to assess data standards in Financial Services and compile a report for the Bank of England and FCA. The procurement method was through a direct award via framework. The contract value was £100,000, and the contract period lasted from September 26, 2022, to December 16, 2022. The tender process concluded on September 21, 2022, with a tender period ending a week prior.

This procurement process offers opportunities for businesses in the business and management consultancy services sector, particularly those experienced in financial data analysis and reporting. Small and medium enterprises (SMEs) are considered suitable for participation. Businesses suited for this tender should have the capability to review and analyse data standards in Financial Services, with expertise in consulting and preparing detailed reports for regulatory authorities like the Bank of England and the Financial Conduct Authority (FCA).

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Notice Information

Notice Title

Data Standards Review

Notice Description

To provide a review of data standards in Financial Services and prepare a report on their findings for the Bank of England and FCA.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-70460473-c783-495b-858f-3c4797a94f4b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c89b1372-d00d-4f40-b828-9361af034f14
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 via framework
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79400000 - Business and management consultancy and related services

Notice Value(s)

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

Notice Dates

Publication Date
5 Jan 20233 years ago
Submission Deadline
21 Sep 2022Expired
Future Notice Date
Not specified
Award Date
20 Sep 20223 years ago
Contract Period
25 Sep 2022 - 16 Dec 2022 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
Not specified
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

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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