Award

Provision of Market Data services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

06 Feb 2025 at 10:08

Award Notice
Summary of the contracting process

The Bank of England has completed the procurement process for the "Provision of Market Data services" under the industry category of Data Services (CPV: 72300000). The procurement involved a waiver process and concluded with an awarded contract to MSCI Limited. The contract period begins on 1 January 2025 and extends to 31 January 2026, with a total value of £59,251.50. The procurement was targeted to services in England, United Kingdom, with the award notice published on 6 February 2025 and contract awards finalised on 19 December 2024.

This tender presents significant business growth opportunities for large-scale enterprises that provide market data services. The successful bidder, MSCI Limited, demonstrates that businesses with a robust portfolio in data services are well-positioned to compete for such contracts. This procurement highlights the Bank of England's commitment to enhancing its technological capabilities through data services, potentially opening doors for firms specialising in innovative market data solutions to engage with prestigious financial institutions.

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

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

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-a3bf8480-7e8b-49d5-be6a-beac36e8f9df
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0a7add21-05fa-4e71-a3fe-63e63790b092
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

72300000 - Data services

Notice Value(s)

Tender Value
£59,251 Under £100K
Lots Value
Not specified
Awards Value
£59,251 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
6 Feb 20251 years ago
Submission Deadline
16 Dec 2024Expired
Future Notice Date
Not specified
Award Date
19 Dec 20241 years ago
Contract Period
1 Jan 2025 - 31 Jan 2026 1-2 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
Technology Procurement Team
Contact Email
technology.contracts@bankofengland.co.uk
Contact Phone
02034613000

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

MSCI

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-a3bf8480-7e8b-49d5-be6a-beac36e8f9df-2025-02-06T10:08:47Z",
    "date": "2025-02-06T10:08:47Z",
    "ocid": "ocds-b5fd17-a3bf8480-7e8b-49d5-be6a-beac36e8f9df",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "CON/1001710",
        "title": "Provision of Market Data services",
        "description": "Provision of Market Data services",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "72300000",
            "description": "Data services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 59251.5,
            "currency": "GBP"
        },
        "procurementMethodDetails": "Other - Waiver",
        "tenderPeriod": {
            "endDate": "2024-12-16T17:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2025-01-01T00:00:00Z",
            "endDate": "2026-01-31T23:59:59Z"
        },
        "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": "02034613000"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-03981254",
            "name": "MSCI Limited",
            "identifier": {
                "legalName": "MSCI Limited",
                "scheme": "GB-COH",
                "id": "03981254"
            },
            "address": {
                "streetAddress": "Ninth Floor, Ten Bishops Square, London UK E1 6EG"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/9yt6Qa35",
        "name": "BANK OF ENGLAND"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-a3bf8480-7e8b-49d5-be6a-beac36e8f9df-1",
            "status": "active",
            "date": "2024-12-19T00:00:00Z",
            "datePublished": "2025-02-06T10:08:47Z",
            "value": {
                "amount": 59251.5,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-03981254",
                    "name": "MSCI Limited"
                }
            ],
            "contractPeriod": {
                "startDate": "2025-01-01T00:00:00Z",
                "endDate": "2026-01-31T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/0a7add21-05fa-4e71-a3fe-63e63790b092",
                    "datePublished": "2025-02-06T10:08:47Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}