Awarded contract

LSEG Market Data Research - Supplementary services

Details

Value
£920,463.9
Duration
5 years
Topic
Market research services
Published
1 October 2026

Tender description

The LSEG Agreement contract covers fixed costs for infrastructure/comms lines which are critical for LSEG services to be usable.  3 years + 2 This notice reflects the full contractual term of 3 years with the option to extend by a further 2 years, as set out in the original agreement. A notice has not previously been published at the time of contract commencement in 2024.

Timeline

  1. Completed: Award date1 January 2024
  2. Completed: Award published1 October 2026
    Current notice
  3. Next: Contract expiry date31 December 2028in 2 years

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

  • 79310000 · Market research services

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Decision makers

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