Award

Risk Data Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

18 Aug 2023 at 13:16

Award Notice
Summary of the contracting process

The Bank of England has awarded a contract for Risk Data Services, involving the provision of risk data subscriptions within the software package and information systems industry category. The contract is valued at £125,000 and the procurement method used was a direct Single Tender Action below the threshold. The contract period is from February 1, 2023, to January 31, 2025, with a tender period ending on January 31, 2023. The buying organization, the Bank of England, based in London, United Kingdom, conducted this procurement process.

This contract awarded by the Bank of England presents an opportunity for businesses operating in the services industry category, particularly those specialised in software packages and information systems. Companies seeking to provide risk data subscriptions could explore similar future tenders from the Bank of England. The procurement process, though a Single Tender Action, allows for fair competition for businesses looking to grow their presence in the financial and technology sectors in the United Kingdom.

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Notice Information

Notice Title

Risk Data Services

Notice Description

Provision of risk data subscriptions.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c808c8f0-8207-4ef7-8e87-dd22bcb5ae52
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5e031a77-3d4a-43e5-ad22-67c73626ac52
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48000000 - Software package and information systems

Notice Value(s)

Tender Value
£125,000 £100K-£500K
Lots Value
Not specified
Awards Value
£125,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Aug 20232 years ago
Submission Deadline
31 Jan 2023Expired
Future Notice Date
Not specified
Award Date
1 Feb 20233 years ago
Contract Period
1 Feb 2023 - 31 Jan 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

MOODY'S ANALYTICS

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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