Award

Insurance Day Renewal

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

26 Apr 2022 at 16:27

Award Notice
Summary of the contracting process

The Bank of England is seeking to renew its insurance services, with the tender titled "Insurance Day Renewal." The procurement process, in the award stage, has a total contract value of £105,999 and covers the goods category. The contract period is set to commence on 1st May 2022 and will run through to 30th April 2025. The procurement process had an end date for the tender period on 25th April 2022, and it is based in England, United Kingdom.

This tender presents a significant opportunity for small and medium-sized enterprises (SMEs) operating in the insurance services sector, enabling them to potentially secure a multi-year contract with a prestigious institution like the Bank of England. Businesses specialising in insurance services, particularly those with a proven track record in online insurance solutions, would be particularly well-suited to compete for this contract.

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Notice Information

Notice Title

Insurance Day Renewal

Notice Description

Online insurance news service.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-afb12485-6da3-42b1-a24a-2f34a7617a61
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e166d154-35c3-45b3-9f75-a737269c471b
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Not Specified
Procurement Method Details
Not applicable
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£105,999 £100K-£500K
Lots Value
Not specified
Awards Value
£105,999 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
26 Apr 20223 years ago
Submission Deadline
25 Apr 2022Expired
Future Notice Date
Not specified
Award Date
25 Apr 20223 years ago
Contract Period
30 Apr 2022 - 30 Apr 2025 3-4 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

INFORMA

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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