---
title: "Software tool for creation of scenarios for Economic Modelling"
ocid: "ocds-b5fd17-849d6313-8758-477f-a3a2-7b2547b360fa"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-849d6313-8758-477f-a3a2-7b2547b360fa"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-849d6313-8758-477f-a3a2-7b2547b360fa.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-849d6313-8758-477f-a3a2-7b2547b360fa.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2023-01-09"
---

# Software tool for creation of scenarios for Economic Modelling

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-b5fd17-849d6313-8758-477f-a3a2-7b2547b360fa

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-849d6313-8758-477f-a3a2-7b2547b360fa)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-849d6313-8758-477f-a3a2-7b2547b360fa.json)

## Summary

The Bank of England has awarded a contract for the provision of a Software tool subscription license for creating scenarios for economic modelling. The total contract value is £43,592.82 GBP. The procurement method used was a direct approach through a Single tender action (below threshold). The contract period started on 1st July 2022 and ends on 30th June 2024. The tender was awarded to the NATIONAL INSTITUTE OF ECONOMIC AND SOCIAL RESEARCH(INCORPORATED). The award was published on 9th January 2023.

This contract opportunity created by the Bank of England could be especially suitable for service providers in the field of Software package and information systems. The Bank of England being the buying organisation, the tender process has already been completed with the award now active. Small and medium-sized enterprises (SMEs) may find this opportunity particularly attractive. The contract period provides a window for the awarded supplier to deliver services until June 2024.

## Notice

Provision of Software tool subscription license for creation of scenarios for economic modelling.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/bf12fd36-0c8a-44f0-8ba4-54169ff9d8cb |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Single tender action (below threshold) |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 9 Jan 2023 |
| Submission deadline | 30 Jun 2022 |
| Future notice date | Not specified |
| Award date | 30 Jun 2022 |
| Contract period | 30 Jun 2022 - 30 Jun 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £43,592 |
| Lots value | Not specified |
| Awards value | £43,592 |
| 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 | NATIONAL INSTITUTE OF ECONOMIC AND SOCIAL RESEARCH(INCORPORATED |

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48000000 - Software package and information systems

## Release History

- 9 Jan 2023 at 19:11 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/bf12fd36-0c8a-44f0-8ba4-54169ff9d8cb

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/bf12fd36-0c8a-44f0-8ba4-54169ff9d8cb
  9th January 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-b5fd17-849d6313-8758-477f-a3a2-7b2547b360fa. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-849d6313-8758-477f-a3a2-7b2547b360fa.json.