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 11:52

Summary of the contracting process

The Bank of England is looking to engage a supplier for Data Modelling, Platform Tool & ISO 20022 Message Development services. This tender falls under IT services and consultancy, supporting the Bank's mission of maintaining monetary and financial stability. The procurement stage is currently active, with a contract value of £3,750,000. The deadline for submissions is 17th November 2022, and the location is London, UK.

This tender provides opportunities for businesses involved in IT services, software development, consultancy, and related fields to compete for delivering crucial technological requirements to the Bank of England. Companies with expertise in data modelling, platform tooling, and ISO 20022 message development would be well-suited to bid for this contract. The procurement method is selective, with a focus on a restricted procedure, allowing qualified suppliers to demonstrate their capabilities in meeting the Bank's technological needs.

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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. Lot Estimated value (excluding VAT) Lot 1 PS2,950,000 Lot 2 PS800,000 Please note: This opportunity was previously published on 14/10/2022 however is being re-published due to a notice issue.

Lot Information

Data Modelling & Platform Tool

* Lot 1 The Bank is seeking a suitable supplier to provide data point modelling expertise and related tooling to enable the Bank to meet current and future data collection requirements. Please note: This opportunity was previously published on 14/10/2022 however is being re-published due to a notice issue.

ISO20022 Message Development

Lot 2 The Bank is seeking a suitable supplier to provide resource and expertise to help deliver the renewed real time gross settlement (RTGS) messaging services. This will enable the Bank to deliver current and future payment messaging services using ISO 20022. The services will include delivery and maintenance of technical artefacts (e.g. ISO 20022 XML messages) for messaging services such as CHAPS, settlement services, and reserves account services. Within this Lot 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. Please note: This opportunity was previously published on 14/10/2022 however is being re-published due to a notice issue.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-037c4f
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/030179-2022
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
Tender Suitability
Not specified
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
£3,750,000 £1M-£10M
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
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Not specified
Contact Email
technology.contracts@bankofengland.gsi.gov.uk
Contact Phone
Not specified

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

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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