Award

Provision of Market Data services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

18 Dec 2024 at 11:26

Award Notice
Summary of the contracting process

The Bank of England has recently completed a procurement process for the provision of Market Data services. The contract, valued at £2,334,880.22, falls under the industry category of database services. The awarded tender was issued under a 'Other - Waiver' procurement method and covered services to be delivered in England, United Kingdom. Key dates for this procurement included the tender end date on 1st October 2024 and the award published on 18th December 2024. The contract period spans from 1st December 2024 to 30th November 2028.

This tender offers substantial business growth opportunities, especially for large enterprises with capabilities in database services. The awarded supplier, Moody's Analytics UK Limited, a well-established large-scale organisation, highlights the high-level competition and substantial scope of work to be expected. Businesses specialising in market data and database management services stand to benefit significantly from engaging with public procurements of this scale, which support long-term contracts and significant financial remuneration.

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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-e509999a-f59e-43ea-97cb-c250162c9da5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9c3d4c53-01b1-4fe7-bf4d-6c98d086cc98
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
£2,334,880 £1M-£10M
Lots Value
Not specified
Awards Value
£2,334,880 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
18 Dec 20241 years ago
Submission Deadline
1 Oct 2024Expired
Future Notice Date
Not specified
Award Date
3 Oct 20241 years ago
Contract Period
1 Dec 2024 - 30 Nov 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

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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