Tender

Resolution Procurement Framework (RPF)

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Tender

22 Aug 2019 at 10:23

Summary of the contracting process

The Bank of England is currently in the active tender stage for the "Resolution Procurement Framework (RPF)" project, which falls under the financial and insurance services category. This procurement, valued at £20 million, aims to secure framework suppliers that will assist the Bank in fulfilling its responsibilities as the UK's resolution authority for financial institutions. Key actions needed by interested parties must be completed by the tender deadline on 30th September 2019, with contract performance expected to commence on 1st January 2020 and run until 31st December 2023. The primary delivery location is in the South East of the United Kingdom.

This tender presents substantial opportunities for businesses specialising in financial and insurance services, alongside those providing legal consulting and other related business services. Companies capable of offering reports and support in line with the objectives of the special resolution regime are encouraged to participate. The open procurement method provides a level playing field for companies of various sizes, although it is noted that small and medium enterprises (SMEs) and voluntary community sector enterprises (VCSEs) may be less suited for this particular framework.

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Notice Title

Resolution Procurement Framework (RPF)

Notice Description

The Bank of England ("Bank") is the central bank of the United Kingdom. The Bank is committed to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability. The Bank is the United Kingdom's resolution authority for banks, building societies, central counterparties and certain investment firms ("firms"). The special resolution regime (SRR), as defined through the provisions of the Banking Act 2009, is the process by which the authorities can intervene to manage the failure of a firm. The Bank is seeking framework suppliers to: * Provide those reports commissioned under s.83ZB of the Banking Act 2009, where those reports are contracted for directly by the Bank and not the individual firms; and * Provide other services as described further below to support the SRR objectives.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cda2e450-b2a6-4eab-8f96-31259c01b099
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d6dcc718-c838-4e62-9436-4bab2d6530fd
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

66000000 - Financial and insurance services

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
£20,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
22 Aug 20196 years ago
Submission Deadline
30 Sep 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Jan 2020 - 31 Dec 2023 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Benjamin Knight
Contact Email
corporate.contracts@bankofengland.co.uk
Contact Phone
+44 2034616620

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
TLJ South East (England)

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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