Award

Market Data Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

26 Sep 2023 at 10:41

Summary of the contracting process

The Bank of England has awarded a contract for Market Data Services with a value of GBP 71,348.80. The procurement method used was direct, with a single tender action. The tender closed on 17th May 2023, and the contract period is from 10th June 2023 to 9th June 2025. The buying organisation is the Bank of England, located in London, England. The contract falls under the services category.

This tender for Market Data Services from the Bank of England provides an opportunity for SMEs to compete, as the contract is suitable for small and medium-sized enterprises. Businesses in the software package and information systems industry would be well-suited to bid for this contract. The successful supplier for this tender was MorningStar UK Limited, and the contract aims to collect data for regular monitoring of the financial sector to aid the Bank's Financial Policy Committee.

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Notice Title

Market Data Services

Notice Description

Collection of data for regular monitoring of financial sector which the Bank provides to Financial Policy Committee.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d207efb1-bc86-402c-b6c5-d2bf4d07a795
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a770ea1a-1ad9-459e-aa5c-dc17bd499fe1
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
SME
Awardee Scale
SME

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
£71,348 Under £100K
Lots Value
Not specified
Awards Value
£71,348 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
26 Sep 20232 years ago
Submission Deadline
17 May 2023Expired
Future Notice Date
Not specified
Award Date
17 May 20232 years ago
Contract Period
9 Jun 2023 - 9 Jun 2025 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Technology Procurement Team
Contact Email
technology.contracts@bankofengland.co.uk
Contact Phone
Not specified

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

MORNINGSTAR

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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