Award

Bloomberg Valuation service (BVAL) Data Licence

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

14 Jun 2023 at 14:00

Summary of the contracting process

The Bank of England has awarded the contract for the Bloomberg Valuation service (BVAL) Data Licence. The procurement process is now complete, with the contract value amounting to £94,242.24 in GBP. The procurement method used was a direct single tender action (below threshold). The contract period spans from 1st June 2023 to 31st May 2027. The tender was initiated for services related to software package and information systems, with the buying organisation located in London, England.

This tender presents business growth opportunities for enterprises operating in the software and information systems sector. Small and medium-sized enterprises (SMEs) would be well-suited to compete due to the nature of the procurement method. The Bank of England's Technology Procurement Team handled the contract award process, indicating a focus on technology-related services. Businesses interested in providing pricing inputs for asset-backed securities and collateral valuation services should consider engaging with this procurement opportunity.

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Notice Title

Bloomberg Valuation service (BVAL) Data Licence

Notice Description

Provide pricing inputs to actively price asset backed securities and residential mortgage backed securities(ABS & RMBS) data which feeds into collateral valuation for the liquidity insurance schemes.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-eab78ab2-d0f8-4d3b-96fa-f0c58c629dc0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/473e4b0d-1ad3-4906-b298-f5a581acfc67
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
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
£94,242 Under £100K
Lots Value
Not specified
Awards Value
£94,242 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Jun 20232 years ago
Submission Deadline
31 May 2023Expired
Future Notice Date
Not specified
Award Date
31 May 20232 years ago
Contract Period
31 May 2023 - 31 May 2027 4-5 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

BLOOMBERG FINANCE

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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