Planning

Replacement of Data Collection System ("BEEDS Replacement")

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Planning

23 Jan 2024 at 15:37

Market Engagement Notice
Summary of the contracting process

The Bank of England intends to replace its existing data collection system and has issued a planning notice for the "Replacement of Data Collection System (BEEDS Replacement)" tender. The Bank aims to go to tender in Q2 2024 to procure a solution that meets its data collection needs. The key milestone for engagement is the deadline for responses, set on 20th February 2024. The procurement falls under the industry category of Software package and information systems, primarily targeting IT services providers. The Bank of England, based in London, United Kingdom, is the buying organisation overseeing this procurement process.

This tender presents an opportunity for IT companies specialising in software development and consulting services to compete for the contract. Businesses capable of providing secure data collection platforms are well-suited to bid for this procurement. The Bank's intention is to use the responses to assess the market's capacity, understand feasibility, and evaluate potential costs. Successful bidders will have the chance to support the Bank's future decision-making processes related to improving its data collection capabilities.

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Notice Information

Notice Title

Replacement of Data Collection System ("BEEDS Replacement")

Notice Description

The Bank of England, as the United Kingdom's central bank, exists to ensure both monetary and financial stability. The Bank of England sets interest rates to achieve the inflation target; has responsibility for UK financial stability; is active in a range of financial markets, and issues bank notes. The Bank is intending to go to tender in Q2 2024 to replace its existing provision for a solution to meet the data collection needs of the Bank. The current provision supports a system for collecting data from firms across the UK. Firms are required to submit regular returns to the Bank, which helps the Bank to meet its supervisory obligations. The Bank requires a platform for securely collecting this data. The RFI document can be found at https://supplierlive.proactisp2p.com/Account/Login and includes further detail on the Bank's current working principles, the scope of the capabilities and sub-capabilities to be delivered and outlines the information requested from suppliers. The deadline to respond is 20th February 2024. Additional information: This RFI will be used by the Bank to better understand the feasibility of its requirements, the most appropriate approach to replacing its existing data collection portal, the capacity of the market to deliver and any possible risks or issues that may not have previously been considered. This will allow the Bank to gather and assess responses from the wider market, to then use these responses to facilitate our engagement and support future decision making regarding any future processes. The Bank is also looking to assess the likely costs to enable the Bank to set reasonable budgets for the capabilities it may need. It is not the intent of the Bank to compare responses for the purposes of pre-qualification or short listing.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c7050d48-3823-4aaf-a709-9bb77e199af3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/537964df-0584-4549-968d-bcf36b1f4a57
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Market Engagement Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

72 - IT services: consulting, software development, Internet and support

CPV Codes

48000000 - Software package and information systems

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
23 Jan 20242 years ago
Submission Deadline
Not specified
Future Notice Date
20 Feb 2024Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC2R 8AH
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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