Markit Renewal Addendum - iBoxx Data for PRA Risk Free Rates
Details
- Buyer
- Bank of England
- Supplier(s)
- IHS Markit
- Value
- £171,000
- Duration
- 3 years
- Topic
- Software package and information systems
- Published
- 30 March 2022
- Source
- uk:contracts_finder
Tender description
This specific data is required to create Solvency II Risk Free Rates information. The Bank has a legal requirement to publish this information and is a Business Critical Function
Timeline
- Completed: Award date22 January 2022
- Completed: Award published30 March 2022Current notice
- Completed: Contract expiry date23 January 2025
About the buyer
The Bank of England is the UK's central bank, and it buys as a Sub-Central Contracting Authority under the Procurement Act 2023. Suppliers register on the Bank's Oracle Fusion Supplier Portal before they can be invited to tender. Contract notices also appear on the government's Find a Tender Central Digital Platform. The Bank's Commercial Division runs the tendering process and scores bids against published selection criteria. An evaluation panel made up of Bank officers then assesses full tender submissions against the stated award criteria. Registered suppliers then move from prospective to spend-authorised status once they have won a contract.
Procurement spend from central entities makes up 66% of overall UK public spend.
Over the past 5 years, most of Bank of England's contract awards have been in IT services, software and information systems and business services.
Relevant CPV codes
- 48000000 · Software package and information systems
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@bank-of-england.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@bank-of-england.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@bank-of-england.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@bank-of-england.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@bank-of-england.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@bank-of-england.gov |
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