Award

Provision of Market Data services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

18 Nov 2024 at 13:59

Award Notice
Summary of the contracting process

The procurement process involves the Bank of England, which has awarded a contract titled "Provision of Market Data services" in the industry category of database services (CPV code 72320000). This contract is located in England, United Kingdom. Key dates include the tender period ending on 1st October 2024 and the award date on 4th October 2024. The contract period extends from 7th October 2024 to 6th October 2028. The procurement method used was a waiver, and the process is currently at the award stage. The total value of the contract is £124,346.44.

This tender provides considerable opportunities for companies specialising in market data services to collaborate with a prestigious institution like the Bank of England. Businesses in the technology and data services sector, especially those with a capacity to manage large-scale database services, are well-suited to compete for similar opportunities. However, it is noted that this specific tender does not emphasise suitability for SMEs or VCSEs, indicating it may be more appropriate for larger, established companies in this industry. The winning supplier for this tender was Bloomberg PolarLake UK Limited, showcasing the scale of businesses likely to find success in similar contracting processes.

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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-cbb3d761-691f-4a9c-a286-3eb03dd31bc9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4edd33ca-d0a2-42da-8930-a2e557f9ac96
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

72320000 - Database services

Notice Value(s)

Tender Value
£124,346 £100K-£500K
Lots Value
Not specified
Awards Value
£124,346 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20241 years ago
Submission Deadline
1 Oct 2024Expired
Future Notice Date
Not specified
Award Date
3 Oct 20241 years ago
Contract Period
6 Oct 2024 - 6 Oct 2028 4-5 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

BLOOMBERG POLARLAKE

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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