Tender

Data modelling, platform tool & ISO 20022 message development

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Tender

26 Oct 2022 at 11:56

Tender Notice
Summary of the contracting process

The Bank of England is seeking a supplier to deliver Data Modelling, Platform Tool, and ISO 20022 message development services as part of its RTGS2 programme. This tender falls under the IT services category and has a total contract value of £3,750,000. The procurement method used is the Restricted procedure, with a tender period ending on 17th November 2022. The contract is set to start on 20th April 2023 and end on 19th April 2026.

This opportunity created by the Bank of England's tender is suitable for businesses providing IT services, consulting, software development, and Internet support. Small and medium-sized enterprises (SMEs) are encouraged to participate. Businesses with expertise in systems consultancy services, software-related services, and business and management consultancy would find this tender well-suited for their offerings. The location for this procurement is in London, United Kingdom.

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Notice Information

Notice Title

Data modelling, platform tool & ISO 20022 message development

Notice Description

The Bank of England ("the Bank") wishes to engage a supplier to deliver Data Modelling, Tooling & ISO20022 Message Development services, which are technological requirements servicing XBRL-based data collections. The contract will also be used to procure consultancy services relating to payment messaging and the RTGS2 programme. Specifically, the consultancy services will provide critical support for developing and maintaining ISO 20022 messages, the payment messaging standard to which the Bank is migrating in 2023. Data Modelling and the Platform Tool are crucial technological requirements, allowing for crucial XBRL-based data collections. They will allow the Bank to collect data from the firms it regulates to fulfil the Bank's mission to maintain monetary and financial stability.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d92c44fc-227e-4922-82bc-7f76edeb97bc
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/aefd954c-8aa7-442f-8c0c-25741b05658d
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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

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

CPV Codes

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

72246000 - Systems consultancy services

72260000 - Software-related services

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£3,750,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
26 Oct 20223 years ago
Submission Deadline
17 Nov 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
19 Apr 2023 - 19 Apr 2026 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Active
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
Not specified
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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