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Default VLookup using two criterias - looking for a efficient way

Hi,
I've been stucked with this issue for a little while and have not been able to find an elegant, efficient way to go about it.
Please consider the attachment, the problem i have is the following:
in tab Analysis lookup, I have a set of unique codes (Column A) which relate to a Contract Item pair (Column B and C), to which i would like to assign a colour from source data.

my source data (second tab) has a colour assigned to any contract-item pair available in the system.

The only way i have been able to look this data up is by coupling the values in column B and C so as to create a unique key (new column, =B2&C2), doing the same in my source data, a doing a vlookup accordingly. Simple but inefficient, and possibly problematic in the long run.

I could imagine doing a Index/match function, but it would require reorganising my source data table (i'm not entirely sure how to do this actually.

Any smart way of doing this that you could propose?
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