Award

Provision of Market Data services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

27 Feb 2025 at 16:32

Award Notice
Summary of the contracting process

The Bank of England, headquartered in London, has concluded the procurement process for the provision of Market Data services, falling under the industry category of Database services (CPV code 72320000). This procurement, conducted through an "Other - Waiver" method, has reached the award stage. The contract, valued at £604,571.6, spans from 1st February 2025 to 31st January 2029. Key deadlines include the tender period end date on 9th January 2025 and the award date on 29th January 2025. Services will be delivered within England, United Kingdom.

This tender presents significant opportunities for businesses specialising in market data and database services. Although specifically suited for larger enterprises, it highlights substantial growth possibilities given the contract's multi-year span. Firms equipped to provide comprehensive market data services and capable of engaging in long-term contracts would find this procurement particularly beneficial. With the Bank of England as the contracting authority, a successful tender can enhance a business's reputation and expand its portfolio in financial services data provision.

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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-a1cbe4a1-a3a9-4d24-91eb-797876c131e2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/867ee73c-56f2-4baf-9189-8b90f7abdca6
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
£604,571 £500K-£1M
Lots Value
Not specified
Awards Value
£604,571 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
27 Feb 202512 months ago
Submission Deadline
9 Jan 2025Expired
Future Notice Date
Not specified
Award Date
29 Jan 20251 years ago
Contract Period
1 Feb 2025 - 31 Jan 2029 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

CREDITSIGHTS

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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