Award

Flood Risk Pricing Data

BANK OF ENGLAND

This public procurement record has 2 releases in its history.

Award

02 Mar 2026 at 14:22

UK6 - Contract Award Notice
Award

02 Mar 2026 at 11:45

UK5 - Transparency Notice
Summary of the contracting process

The procurement process initiated by the Bank of England focuses on awarding the "Flood Risk Pricing Data" contract. This tender falls under the category of environmental services and is located in the United Kingdom. The procurement method employed is a direct award, facilitated under a legal basis specified by the UKPGA 2023/54. The contract period spans from 22 March 2026 to 21 March 2029, with a total gross value of £288,000, including VAT. The award is pending with contractual completion expected by 21 March 2026, following the scheduled signature date. The buyer, Bank of England, operates from Threadneedle Street, London, and is a central government public authority.

This tender represents valuable opportunities for businesses specialising in environmental services, particularly those capable of delivering forward-looking flood risk data. Companies that can offer granular, location-specific risk assessments with indications of potential financial damages are well-suited to compete. JBA Risk Management Limited has been identified as the supplier due to its niche offering and compatibility with the Bank's existing modelling framework, highlighting opportunities for businesses with specialised technical capabilities and integration potential. Such contracts can significantly contribute to business growth by fostering collaboration with major public sector entities and addressing critical environmental needs.

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Notice Information

Notice Title

Flood Risk Pricing Data

Notice Description

This service will be made available by a file sharing website. This data provides a forward-looking flood risk data. Contract term - 22/03/2026 to 21/03/2029 PS288,000.00 inc VAT Located UK

Procurement Information

Schedule 5, Paragraph 7. JBA Risk Management can provide forward-looking flood risk data at a granular location level with an indication of potential financial damages. JBA flood risk data is niche and remains better aligned with the Bank's modelling needs due to its compatibility, reliability and integration with our existing framework relative to other providers.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-065f63
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/018501-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

90 - Sewage, refuse, cleaning and environmental services

CPV Codes

90700000 - Environmental services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£230,400 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Mar 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
2 Mar 20261 weeks ago
Contract Period
22 Mar 2026 - 21 Mar 2029 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Pending
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

JBA RISK MANAGEMENT

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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