Award

News Aggregation

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

06 Mar 2024 at 09:19

Summary of the contracting process

The Bank of England has awarded a contract for the provision of a news aggregation service to Factiva Limited. The procurement, titled "News Aggregation," falls under the services category and involves subscription services. Factiva Limited was the only supplier able to meet the requirements, as they have exclusive rights to Dow Jones and News Corp publications. The procurement method used was an award procedure without prior publication of a call for competition.

This contract opportunity with the Bank of England could benefit businesses operating in the subscription services industry or those providing online news aggregation services. Companies with expertise in licensing services for online platforms could find this tender suitable for growth opportunities. The successful bidder, Factiva Limited, secured a contract worth £208,765.83 for providing licenses for 30 Factiva Professional, 11 Factiva Executive, and 200 Factiva Copyright services to be used by researchers, analysts, communication professionals, and information professionals within the Bank.

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Notice Title

News Aggregation

Notice Description

Contract award to Factiva for licences for an online news aggregator service

Lot Information

Lot 1

Online news aggregator service providing 30 licences for Factiva Professional, 11 licences for Factiva Executive and 200 licences for Factiva Copyright, to be used by Researchers, Analysts, Communication professionals and Information professionals within the Bank.

Procurement Information

Factiva are the only supplier that can provide all three of the required services. Factiva are owned by Dow Jones, who are owned by News Corp. Factiva therefore have exclusive rights to Dow Jones and News Corp publications such as the Times and Sunday Times. The Bank is required to access News Corp publications as part of the news aggregator service. Regulation 32(1)(b)(ii) allows a direct award on the basis that only Factiva can provide the service due to the protection of exclusive rights.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0445e2
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/007135-2024
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79980000 - Subscription services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£208,765 £100K-£500K

Notice Dates

Publication Date
6 Mar 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
8 Aug 20232 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Not specified
Contact Email
corporate.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
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

FACTIVA

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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