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iBoxx Subscription

Ofgem

This public procurement record has 1 release in its history.

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20 Aug 2026 at 14:33

UK7 - Contract Details Notice
Summary of the contracting process

Ofgem procured a subscription licence giving its Markets team access to the iBoxx platform and data service for price control work. The service provides rules-based fixed-income, or bond, indices for benchmarking and tracking bond-market performance. The indices use pricing from multiple sources and published methodologies, supporting transparent and consistent financial analysis. This is a specialist information and subscription service, with associated market research and statistical data services. Delivery covers the United Kingdom. The buying organisation is Ofgem, the UK public authority responsible for regulating energy markets. The requirement is suited to providers of financial-market indices, investment data, bond-market analytics or comparable subscription-based information platforms able to support regulatory and price-control analysis.

The procurement has been completed and awarded through a direct, below-threshold procedure without competition. There was one lot. The contract was awarded to S&P Dow Jones Indices Limited on 31 March 2026, and the contract was signed on the same date. The contract runs from 31 March 2026 to 30 March 2030. Its value is USD 99,600 excluding gross taxes, or USD 119,520 including gross taxes. The awarded supplier provides the iBoxx subscription. The requirement was evaluated through the direct-award route rather than a competitive tender. The contract is active, while the associated tender is complete. The procurement concerns services rather than goods or construction works.

This award demonstrates demand within Ofgem for specialist fixed-income market data to support energy price-control work. Competitors seeking comparable work would need a dependable subscription platform with broad bond-market coverage, rules-based index construction, transparent published methodologies and pricing drawn from multiple sources. Credibility would depend on the quality, consistency and explainability of the indices and underlying data, as well as the ability to provide reliable access for a public-sector Markets team. Providers of established financial indices, market intelligence, statistical services or regulated-investment data may be well placed where their products can support benchmarking, performance tracking and analytical evidence in regulatory decisions. The requirement indicates a preference for a mature, specialist data service rather than a general research subscription.

How relevant is this notice?

Notice Information

Notice Title

iBoxx Subscription

Notice Description

The Supplier will provide Ofgem with a subscription licence to access and use the iBoxx platform/data service, which is used by the Markets team to support price control work. iBoxx indices are rules-based fixed income (bond) indices designed for benchmarking and tracking bond market performance, using multi source pricing and published methodologies. iBoxx indices is presented by S&P Dow Jones Indices as a family of fixed income indices with transparent, rules based methodologies and multi source pricing.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06e8b4
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/079501-2026
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79310000 - Market research services

79330000 - Statistical services

79980000 - Subscription services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£99,600 Under £100K

Notice Dates

Publication Date
20 Aug 20266 days ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
31 Mar 20264 months ago
Contract Period
31 Mar 2026 - 30 Mar 2030 4-5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Ofgem
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
E14 4PU
Postcode Area
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

S&P DOW JONES INDICES LIMITED

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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