Award

Market Research

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

20 Oct 2025 at 16:10

Summary of the contracting process

The procurement process conducted by the Bank of England centred on acquiring market research services, and it has reached the award stage, with the contract status marked as complete. This procurement falls under the services industry category with its associated CPV classification for research services. The contract was awarded on 20th October 2025 to UnderCurrency S.A. de C.V., a company based in Mexico. The process was executed through a direct procurement method, classified as below threshold without competition, highlighting its specific procurement strategy. The project is slated to take place in London, United Kingdom, and involves a contractual period starting from 9th September 2025 to 31st March 2026, with potential renewals extending the final date up to 30th September 2026.

This tender presents substantial opportunities for businesses specialising in research services, particularly for those capable of delivering high-quality market insights and analysis. SMEs likely stand a good chance in such contracts due to the preference for specialised, agile providers. The focus on direct procurement without an open competition stresses the significance of establishing a solid reputation and a direct relationship with public authorities like the Bank of England to be considered for future opportunities in similar projects. Engaging with such prestigious institutions can enhance a business's credibility and open avenues for further contracts within the public sector.

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Notice Title

Market Research

Notice Description

Research services

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05d02c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/066874-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services


CPV Codes

73110000 - Research services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£69,550 Under £100K

Notice Dates

Publication Date
20 Oct 20254 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
8 Sep 20255 months ago
Contract Period
8 Sep 2025 - 31 Mar 2026 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Not specified
Contact Email
askprocurement@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

UNDERCURRENCY

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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