Tender

Data Modelling, Platform Tool & ISO 20022 Message Development

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Tender

14 Oct 2022 at 09:22

Tender Notice
Summary of the contracting process

The Bank of England is seeking suppliers for a contract to deliver Data Modelling, Platform Tool & ISO 20022 Message Development services. This procurement opportunity falls under the software programming and consultancy services category. The contract, valued at £3,750,000 GBP, will involve consultancy services related to payment messaging and support for ISO 20022 messages. The tender is in the selective procurement stage, with a tender deadline of 15th November 2022, and a contract period from 10th May 2023 to 9th May 2026.

This tender from the Bank of England presents opportunities for businesses specialising in software consultancy services and business and management consultancy services. Small and medium enterprises (SMEs) are considered suitable for this procurement. Companies interested in providing technological solutions for data modelling and payment messaging in line with ISO 20022 standards are encouraged to compete. The location for service delivery is primarily in London, United Kingdom, with additional potential postal addresses in various territories and countries.

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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 over the 2 lots 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-e3169ef9-56d3-41bb-90fa-d56b338e5005
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1c3ef489-a769-4f10-8d49-9565edf64ea1
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

72200000 - Software programming and consultancy services

72266000 - Software consultancy services

79410000 - Business and management consultancy 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
14 Oct 20223 years ago
Submission Deadline
15 Nov 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
9 May 2023 - 9 May 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
Joe Lloyd
Contact Email
joe.lloyd@bankofengland.co.uk
Contact Phone
07775945896

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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