---
title: "Targeted Analysis of the Microeconomics of a Central Bank Digital Currency"
ocid: "ocds-b5fd17-25381012-f6b9-440d-b7bf-da39f1a8264e"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-25381012-f6b9-440d-b7bf-da39f1a8264e"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-25381012-f6b9-440d-b7bf-da39f1a8264e.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-25381012-f6b9-440d-b7bf-da39f1a8264e.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2023-05-22"
---

# Targeted Analysis of the Microeconomics of a Central Bank Digital Currency

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-b5fd17-25381012-f6b9-440d-b7bf-da39f1a8264e

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-25381012-f6b9-440d-b7bf-da39f1a8264e)  
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## Summary

The Bank of England awarded a contract for the "Targeted Analysis of the Microeconomics of a Central Bank Digital Currency" to Frontier Economics Limited. The procurement method used was a limited competitive quotation process below the threshold value of £100,000 in GBP. The contract period started on January 19, 2023, and ended on March 27, 2023. The contracting authority was the Bank of England, located in London, England, in the financial consultancy services industry category.

This tender provides opportunities for businesses, especially those involved in financial consultancy, economic research services, and business management consultancy. Small and medium-sized enterprises (SMEs) are well-suited to compete for such contracts. Interested businesses should be prepared for competitive quotation processes and be able to deliver services related to the microeconomics of central bank digital currencies. The successful bidder, Frontier Economics Limited, can enhance their portfolio and reputation through this awarded contract with the Bank of England.

## Notice

A report to provide targeted analysis on the microeconomics of a CBDC, particularly the economics of potential Payment Interface Provider (PIP) business models.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/e111ae7e-076f-4a86-86cf-a93fefb69ca6 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Competitive quotation (below threshold) |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 22 May 2023 |
| Submission deadline | 6 Jan 2023 |
| Future notice date | Not specified |
| Award date | 16 Jan 2023 |
| Contract period | 19 Jan 2023 - 27 Mar 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £100,000 |
| Lots value | Not specified |
| Awards value | £100,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | BANK OF ENGLAND |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2R 8AH |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Walbrook |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | FRONTIER ECONOMICS |

## CPV Codes

### Divisions

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

### Codes

- 66171000 - Financial consultancy services
- 79311400 - Economic research services
- 79400000 - Business and management consultancy and related services

## Release History

- 22 May 2023 at 10:52 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/e111ae7e-076f-4a86-86cf-a93fefb69ca6

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/e111ae7e-076f-4a86-86cf-a93fefb69ca6
  22nd May 2023 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-25381012-f6b9-440d-b7bf-da39f1a8264e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-25381012-f6b9-440d-b7bf-da39f1a8264e.json.