Award

Thomson Reuters Subscription Service

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

24 Apr 2023 at 10:40

Award Notice
Summary of the contracting process

The Bank of England awarded a contract for "Thomson Reuters Subscription Service" on 31st March 2023. The contract, valued at £413,342 GBP, involves a 2-year subscription for online legal research services. The service includes tools like legal e-books, case analytics, and a UK/EU divergence tracker. The contract period is from 1st May 2023 to 30th April 2025. The procurement method used was a Direct Award to a Sole Supplier, Thomson Reuters Foundation.

This procurement process presents an opportunity for businesses in the legal services industry to provide similar subscription services to other organisations. Companies offering online legal research tools, e-books, and analytics could consider competing in similar tenders. The Bank of England, as the buying organisation, sought to enhance its legal research capabilities through this contract, which may lead to further opportunities in the legal tech sector.

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Notice Information

Notice Title

Thomson Reuters Subscription Service

Notice Description

2 years subscription licences to access Practical Law Global Premium, Westlaw UK, Westlaw Edge and Wurtzburg and Mills Building Society Law which are all online legal research services for lawyers and legal professionals for use within the Bank. This service also provides additional tools to help improve the legal research experience including legal e-books, case analytics, data visualisation and a UK/EU divergence tracker. These services are provided through an integrated online platform

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b08d904f-7df7-4815-a7a9-283a09747b1b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/224b69c2-be10-4484-91f7-63ef2aa7fdb3
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 - Sole Supplier
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79980000 - Subscription services

Notice Value(s)

Tender Value
£413,342 £100K-£500K
Lots Value
Not specified
Awards Value
£413,342 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
24 Apr 20232 years ago
Submission Deadline
31 Mar 2023Expired
Future Notice Date
Not specified
Award Date
30 Mar 20232 years ago
Contract Period
30 Apr 2023 - 30 Apr 2025 2-3 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

THOMSON REUTERS FOUNDATION

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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