Award

Insurance ERM

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

04 Mar 2022 at 16:39

Award Notice
Summary of the contracting process

The Bank of England has recently awarded a contract titled "Insurance ERM," which falls under the industry category of insurance services. This procurement process concluded on 20th January 2022, with an award made on 26th January 2022, and the contract period running from 27th January 2022 to 26th January 2025. The total value of the contract is £29,700. The services will be provided within the United Kingdom, based at the Bank's headquarters in London.

This tender presents an opportunity for small and medium enterprises (SMEs) that specialise in insurance-related services and risk management. Businesses that can offer innovative insurance solutions or data-based insights could particularly benefit from engaging in future contracts of a similar nature. As the procurement was awarded to FIELDGIBSONMEDIA LIMITED, it indicates that the Bank is open to working with capable SMEs in this sector, thereby creating pathways for growth and partnership opportunities in the insurance industry.

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Notice Information

Notice Title

Insurance ERM

Notice Description

Insurance ERM by Filed Gibson Media provides online news and data in the field of insurance. Coverage includes latest risks affecting the industry. It is used by around 80 people in the Bank, mainly in Insurance Supervision. Contract awarded directly to Field Gibson Media as below threshold requirement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-fd5556d2-c6f4-44c9-8c82-b4b572d04325
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/18e4025c-9031-4e44-b75c-750f21da40f2
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
Not applicable
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£29,700 Under £100K
Lots Value
Not specified
Awards Value
£29,700 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Mar 20223 years ago
Submission Deadline
20 Jan 2022Expired
Future Notice Date
Not specified
Award Date
26 Jan 20224 years ago
Contract Period
27 Jan 2022 - 26 Jan 2025 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
Not specified
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

FIELDGIBSONMEDIA

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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