---
title: "Retail Payment Research"
ocid: "ocds-b5fd17-2f3f632d-4921-470a-83f8-330529d2abd2"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-2f3f632d-4921-470a-83f8-330529d2abd2"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-2f3f632d-4921-470a-83f8-330529d2abd2.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-2f3f632d-4921-470a-83f8-330529d2abd2.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2024-10-07"
---

# Retail Payment Research

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-b5fd17-2f3f632d-4921-470a-83f8-330529d2abd2

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## Summary

The BANK OF ENGLAND has successfully completed a procurement process for "Retail Payment Research" under the industry category of research services. This process, which followed a competitive quotation (below threshold) method, commenced its tendering phase with an end date of 18 March 2024. The contract period spans from 29 April 2024 to 5 August 2024 and is located in London, United Kingdom. The contracting authority awarded the contract to The Boston Consulting Group UK LLP, valued at £150,000. The award decision was published on 7 October 2024, marking the completion and activation of the contract.

This tender presents opportunities primarily for large businesses specialising in research services within the financial stability sector. Companies with a strong background in conducting in-depth research for financial institutions would be well-suited to compete in similar future procurements. Despite this particular opportunity being awarded to a large consultancy, small to medium enterprises (SMEs) could potentially explore partnering or subcontracting arrangements to gain exposure and experience, leveraging such projects for business growth and future competitive tendering endeavours.

## Notice

Research Services for Financial Stability

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/38ad1035-6269-47ad-8d44-71b1b346a1bd |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Competitive quotation (below threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 7 Oct 2024 |
| Submission deadline | 18 Mar 2024 |
| Future notice date | Not specified |
| Award date | 16 Apr 2024 |
| Contract period | 28 Apr 2024 - 5 Aug 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £150,000 |
| Lots value | Not specified |
| Awards value | £150,000 |
| 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 | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | THE BOSTON CONSULTING GROUP |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73110000 - Research services

## Release History

- 7 Oct 2024 at 10:42 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/38ad1035-6269-47ad-8d44-71b1b346a1bd

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/38ad1035-6269-47ad-8d44-71b1b346a1bd
  7th October 2024 - 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-b5fd17-2f3f632d-4921-470a-83f8-330529d2abd2. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-2f3f632d-4921-470a-83f8-330529d2abd2.json.