Planning

Additional Network for RTGS

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Planning

16 Apr 2024 at 14:49

Market Engagement Notice
Summary of the contracting process

The Bank of England has initiated a procurement process titled "Additional Network for RTGS" in the Networks industry category. The procurement is currently in the planning stage, with an engagement end date set for 16 May 2024. The Bank is soliciting suppliers to deliver an additional secured messaging network to enhance operational resiliency in connecting to the Bank's Real Time Gross Settlement system. The delivery addresses for this procurement are in London, United Kingdom.

This tender by the Bank of England presents an opportunity for businesses in IT services, consulting, software development, and Internet support sectors to compete. The procurement aims to support the UK financial services industry's settlement operations by providing a secure and efficient means of payments messaging. Businesses well-suited for this tender are those with expertise in network services and financial technology solutions. Interested suppliers can access the Request for Information (RFI) document on the Bank's website to understand the operational requirements and submit their proposals before the deadline on 16 May 2024.

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Notice Information

Notice Title

Additional Network for RTGS

Notice Description

The Bank is considering the possibility of delivering an additional secured messaging network to enable participants to connect to the Bank's Real Time Gross Settlement (RTGS) system. The service is aimed to support operational resiliency by providing an additional means of payments messaging alongside that already provided by Swift. An additional network could also support ease of access to central bank money by providing new ways of connecting and leveraging RTGS. This is a part of the Bank's long-term vision for the renewed RTGS service: to act as an open platform for the UK financial services industry to facilitate safe and efficient settlement in central bank money. The RFI document can be found at https://supplierlive.proactisp2p.com/Account/Login and includes further detail on the Bank's operations and considerations, including the information requested from interested suppliers. The deadline to respond is 16 May 2024 16:00.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-eb1c2b82-049e-488d-8965-4f741b4c6e06
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/738b7437-e1a9-4787-ab7d-726ccc250cd8
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

32 - Radio, television, communication, telecommunication and related equipment

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

CPV Codes

32400000 - Networks

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
16 Apr 20241 years ago
Submission Deadline
Not specified
Future Notice Date
16 May 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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