Award

Market Research

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

21 Oct 2025 at 08:09

Summary of the contracting process

The Bank of England has successfully completed the procurement process titled "Market Research," which focused on obtaining research services. Situated in London, the buying entity is classified under public authority - central government and executed the procurement via a direct method below the threshold, thus proceeding without competition. The procurement was categorised under services and involved regions such as UKI (London) and UKJ (South East England). The contract was awarded to Smithers Information Limited and commenced on 17th July 2025, with an end date of 31st October 2025, carrying a gross value of GBP 52,200. The contract has been active since the signing date in mid-July 2025, showcasing a timely completion of the procurement cycle.

This procurement of market research services offers a significant business growth opportunity for SMEs operating within the research and consultancy sectors. The selection of Smithers Information Limited, identified as an SME, underscores the contracting authority's openness to smaller enterprises. Companies specialising in research services, particularly those with capabilities in providing comprehensive market analysis, might find such opportunities particularly advantageous to expand their portfolio. The use of a non-competitive procurement process, due to the below-threshold nature, permits SMEs to engage with prominent government organisations, aiding in their reputation and fostering potential future collaborations.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Market Research

Notice Description

Research services

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05d05d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/066947-2025
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
£43,500 Under £100K

Notice Dates

Publication Date
21 Oct 20254 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
16 Jul 20257 months ago
Contract Period
16 Jul 2025 - 31 Oct 2025 1-6 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

SMITHERS INFORMATION

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-h6vhtk-05d05d-2025-10-21T09:09:07+01:00",
    "date": "2025-10-21T09:09:07+01:00",
    "ocid": "ocds-h6vhtk-05d05d",
    "initiationType": "tender",
    "parties": [
        {
            "id": "GB-COH-RC000042",
            "name": "BANK OF ENGLAND",
            "identifier": {
                "scheme": "GB-COH",
                "id": "RC000042"
            },
            "additionalIdentifiers": [
                {
                    "scheme": "GB-PPON",
                    "id": "PRDB-1113-HPPT"
                }
            ],
            "address": {
                "streetAddress": "Threadneedle Street",
                "locality": "London",
                "postalCode": "EC2R 8AH",
                "country": "GB",
                "countryName": "United Kingdom",
                "region": "UKI31"
            },
            "contactPoint": {
                "email": "askprocurement@bankofengland.co.uk"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "classifications": [
                    {
                        "scheme": "UK_CA_TYPE",
                        "id": "publicAuthorityCentralGovernment",
                        "description": "Public authority - central government"
                    }
                ]
            }
        },
        {
            "id": "GB-FTS-164385",
            "name": "Smithers Information Limited",
            "address": {
                "streetAddress": "Olympus House, Cleeve Road",
                "locality": "Leatherhead",
                "postalCode": "KT22 7SA",
                "country": "GB",
                "countryName": "United Kingdom",
                "region": "UKJ26"
            },
            "contactPoint": {
                "email": "info@smithers.com"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "scale": "sme",
                "vcse": false
            }
        }
    ],
    "buyer": {
        "id": "GB-COH-RC000042",
        "name": "BANK OF ENGLAND"
    },
    "tender": {
        "id": "CON/1001968",
        "legalBasis": {
            "id": "2023/54",
            "scheme": "UKPGA",
            "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
        },
        "title": "Market Research",
        "description": "Research services",
        "status": "complete",
        "procurementMethod": "direct",
        "procurementMethodDetails": "Below threshold - without competition",
        "lots": [
            {
                "id": "1",
                "status": "complete"
            }
        ]
    },
    "awards": [
        {
            "id": "1",
            "status": "active",
            "mainProcurementCategory": "services",
            "suppliers": [
                {
                    "id": "GB-FTS-164385",
                    "name": "Smithers Information Limited"
                }
            ],
            "items": [
                {
                    "id": "1",
                    "additionalClassifications": [
                        {
                            "scheme": "CPV",
                            "id": "73110000",
                            "description": "Research services"
                        }
                    ],
                    "deliveryAddresses": [
                        {
                            "region": "UKI",
                            "country": "GB",
                            "countryName": "United Kingdom"
                        },
                        {
                            "region": "UKJ",
                            "country": "GB",
                            "countryName": "United Kingdom"
                        }
                    ],
                    "relatedLot": "1"
                }
            ],
            "relatedLots": [
                "1"
            ]
        }
    ],
    "contracts": [
        {
            "id": "1",
            "awardID": "1",
            "title": "Market Research",
            "status": "active",
            "period": {
                "startDate": "2025-07-17T00:00:00+01:00",
                "endDate": "2025-10-31T23:59:59Z"
            },
            "value": {
                "amountGross": 52200,
                "amount": 43500,
                "currency": "GBP"
            },
            "aboveThreshold": false,
            "dateSigned": "2025-07-17T00:00:00+01:00",
            "documents": [
                {
                    "id": "066947-2025",
                    "documentType": "contractNotice",
                    "noticeType": "UK7",
                    "description": "Contract details notice on Find a Tender",
                    "url": "https://www.find-tender.service.gov.uk/Notice/066947-2025",
                    "datePublished": "2025-10-21T09:09:07+01:00",
                    "format": "text/html"
                }
            ]
        }
    ],
    "language": "en"
}