Planning

UK Infrastructure Bank's Banking Systems 2022

UK INFRASTRUCTURE BANK LIMITED

This public procurement record has 1 release in its history.

Planning

21 Mar 2022 at 08:54

Summary of the contracting process

The UK Infrastructure Bank Limited is initiating a procurement process for its Banking Systems 2022, focusing on financial information systems as part of its infrastructure investment agenda across the United Kingdom. The procurement is currently in the planning stage, with a total estimated value of £10 million. The delivery will take place in Leeds, West Yorkshire, with an important deadline for interested suppliers to submit their responses by 15:00 BST on 19th April 2022. This Prior Information Notice (PIN) signifies the commencement of Early Market Engagement (EME) to explore suitable solutions for the Bank's operational needs.

This tender presents substantial opportunities for businesses specializing in banking systems and financial software solutions, particularly for those offering services related to loan origination, portfolio management, and compliance. Companies involved in software development, consultancy, implementation, and support services will be well-positioned to compete, especially those that can demonstrate innovative approaches to meet the evolving requirements of a government-owned policy bank. Suppliers are encouraged to engage promptly to showcase their capabilities and potentially collaborate with UKIB as it establishes its banking operations.

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Notice Title

UK Infrastructure Bank's Banking Systems 2022

Notice Description

The UK Infrastructure Bank ('UKIB') is the new, government-owned policy bank, focused on increasing infrastructure investment across the United Kingdom. UKIB will partner with the private sector and local government to finance a green industrial revolution and drive growth across the country. UKIB launched in interim form in June 2021 and requires a Banking System in order to be fully operational. The next step in sourcing that system consists of engaging with suppliers through this Prior Information Notice (PIN) for Early Market Engagement (EME)

Lot Information

Lot 1

UKIB is planning to procure a Banking System solution that could support UKIB's end-to-end banking process across loan origination, portfolio management, risk and compliance, treasury, and finance, including but not limited to specialised banking systems, non-specialist platforms and managed services. UKIB intends to conduct Early Market Engagement (EME) with the market through this prior information notice (PIN) with a view to gaining a better understanding of the technological possibilities and developments within the Banking System space and the business structures that could support those Banking Systems. UKIB also wants to explore with suppliers what type of solution may be most suitable for UKIB's overall requirements such as Software Licenses and Hosting; Life-time support including support of all set-ups, configuration, tailoring, proposed customisations, and integrations implemented to meet UKIB requirements; implementation, including design, build, testing, training, change management, data migration and integration; and ongoing upgrades. Early Market Engagement (EME) will be initially conducted by response to this PIN. UKIB will in the first instance issue an Early Market Engagement Briefing and Q&A for interested parties to complete. Respondents can indicate within the questionnaire if they are open to a follow up meeting. UKIB reserves the right to have a limited number of meetings with a reasonable sample of Suppliers (in the limited time available) in response to the answers to the Early Market Engagement Briefing and Q&A to make sure it has adequately assessed the market while not being unduly burdened administratively. Respondents should note that UKIB has appointed a third-party external adviser to assist with the EME (Early Market Engagement) exercise for Banking Systems, including conducting any follow-up meetings. Interested suppliers should respond ASAP to the email address set out at section I.1 above stating that they are interested in participating in the EME exercise. UKIB will then issue interested suppliers with Early Market Engagement Briefing and Q&A. Suppliers should submit their response no later than 15:00 pm (BST) 19th April 2022 to allow UKIB to carry out its market engagement in a timely fashion. Responses provided after this date may not be considered.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0323f7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/007517-2022
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Goods
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

48100000 - Industry specific software package

48411000 - Investment management software package

48812000 - Financial information systems

72212411 - Investment management software development services

72212440 - Financial analysis and accounting software development services

72224100 - System implementation planning services

72263000 - Software implementation services

72265000 - Software configuration services

72266000 - Software consultancy services

Notice Value(s)

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

Notice Dates

Publication Date
21 Mar 20223 years ago
Submission Deadline
Not specified
Future Notice Date
29 Sep 2022Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
UK INFRASTRUCTURE BANK LIMITED
Contact Name
Not specified
Contact Email
procurement@ukib.org.uk
Contact Phone
Not specified

Buyer Location

Locality
LEEDS
Postcode
LS1 4DW
Post Town
Leeds
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
TLE42 Leeds

Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

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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