Award

Provision of Market Data Service

BANK OF ENGLAND

This public procurement record has 2 releases in its history.

Award

06 May 2025 at 14:06

Award Notice
Award

18 Aug 2023 at 15:40

Award Notice
Summary of the contracting process

The procurement process titled "Provision of Market Data Service" was conducted by the Bank of England, based in London, for the supply of information systems or technology strategic review and planning services in England, United Kingdom. This contract has reached the award stage, and the procurement was completed through a direct award method. The contract, valued at £1,025,157, runs from 1st March 2025 to 29th February 2028. Although the tender period ended on 17th February 2025, the award was published on 6th May 2025.

This procurement offers potential growth opportunities for businesses operating in the technology and information systems sector, specifically for large-scale enterprises, as smaller businesses and VCSEs were deemed unsuitable. Companies capable of delivering comprehensive market data services would find this contract appealing, especially those with experience in dealing with substantial clients like central banks. Engagements like this can enhance a company's portfolio and reputation, strengthening its stance in the market.

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Notice Information

Notice Title

Provision of Market Data Service

Notice Description

Fitch Ratings to provide market data services to the Bank

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ca594495-69aa-4f1d-9f78-808e5346114e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f656c1fa-ef67-4636-b389-d201fc82fe21
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
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72222000 - Information systems or technology strategic review and planning services

Notice Value(s)

Tender Value
£1,025,157 £1M-£10M
Lots Value
Not specified
Awards Value
£1,642,952 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
6 May 20259 months ago
Submission Deadline
17 Feb 2025Expired
Future Notice Date
Not specified
Award Date
1 Mar 20232 years ago
Contract Period
1 Mar 2025 - 29 Feb 2028 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

FITCH SOLUTIONS

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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