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

Summary of the contracting process

The Bank of England has planned a procurement process for the provision of an additional secured messaging network to enable connectivity to the Bank's Real Time Gross Settlement (RTGS) system. The tender, titled "Additional Network for RTGS," falls under the IT services category and is aimed at enhancing operational resiliency and facilitating safe settlement in central bank money. Interested suppliers can access the Request for Information (RFI) document at the given link and must submit responses by the deadline of 16th May 2024 at 16:00. The Bank is looking for initial insights to support discovery work and estimation of costs for the network solution.

This procurement opportunity by the Bank of England presents a chance for businesses in IT services, consulting, software development, and networking industries to leverage their expertise. Companies specialising in secure messaging solutions, financial technology, and infrastructure development are well-suited to compete in this tender. The Bank's vision for the renewed RTGS service aims to create an open platform for the UK financial services industry, indicating a strategic and collaborative opportunity for businesses to contribute to advancing the country's payment systems infrastructure.

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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.

Lot Information

Lot 1

The Bank is now looking for responses to support discovery work and identification of commercial solutions for providing an additional network. The Bank is also looking to assess the likely costs to enable the Bank to set reasonable budgets for the capabilities the network may need. At this stage, the Bank is seeking only initial insights as to how you might provide such a network solution. It is not the intent of the Bank to compare responses for the purposes of any pre-qualification or short listing. This is a 'Request for Information' only.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0452c5
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/012399-2024
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
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
5 Jan 2026Expired
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
BANK OF ENGLAND
Contact Name
Gavin Pais
Contact Email
gavin.pais@bankofengland.co.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
TLI London

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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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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