Data Collection Services (Re procurement of the Bank of England's Electronic Data System, BEEDS)

BANK OF ENGLAND

This public procurement record has 2 releases in its history.

Planning

08 Jun 2026 at 15:20

Planning

09 Dec 2025 at 10:28

Summary of the contracting process

The Bank of England is in the planning stage of a major procurement process titled "Data Collection Services (Re-procurement of the Bank of England's Electronic Data System, BEEDS)". This initiative falls within the services industry category and is located in the United Kingdom. The Bank aims to modernise its data collection capabilities, which are crucial for regulatory and statistical data acquisition. Interested service providers are encouraged to engage in preliminary market engagement before 3:00 PM on 19th June 2026 by contacting the Bank via email. The estimated gross value of this procurement is £24 million, and it is expected to proceed with an above-threshold procurement process, commencing around May 2027.

This procurement process presents significant growth opportunities for businesses specialising in systems and technical consultancy, software implementation, and data processing services. Companies possessing expertise in XBRL validation processing and professional services for deploying data systems will find this tender particularly suited to their capabilities. Engaging in this procurement could position firms as key players in delivering critical infrastructure to the UK's central bank, potentially leading to long-term partnerships and further opportunities within the public sector. Firms with prior experience in similar large-scale government projects will be well-positioned to compete effectively.

How relevant is this notice?

Notice Title

Data Collection Services (Re procurement of the Bank of England's Electronic Data System, BEEDS)

Notice Description

BEEDS is the Bank's current strategic data collection system and is the primary digital gateway for collecting regulatory and statistical data from our firms. The system underpins a very large number of critical data collections and is relied on daily by firms and teams across the Bank. The Bank plans to update and modernise our data collection capabilities with the new data collection platform and associated data modelling and toolsets. The Bank will also require XBRL validation processing services and professional services to deploy the new Data Collection System and to migrate some existing data. Note an earlier RFI was published and earlier engagement on BEEDS took place in 2024. Operational reasons then delayed further procurement activity until this year.

Planning Information

The Bank of England (Authority) would like Service Providers to express their interest in premarket engagement before 3pm on 19th June 2026 by sending an email to Technology.contracts@bankofengland.co.uk . Please title your e--mail "BEEDS XBRL Re-procurement TECH 189". Please include the following detail in your message: - - Quoting Reference - BEEDS XBRL Re-Procurement TECH 189 - Full name - Company/organisation name - Contact details (E-mail and phone number) Please also state you Organisation ID if you have an existing ProActis account with the Bank of England. In return we will send you a Non-Disclosure Agreement (NDA) to sign and following receipt of an NDA an invitation to a premarket engagement event. This Notice is for information only. The information contained in this notice, including information relating to the nature and scope of the requirements, the estimated value, the service classification of this requirement and the list of CPV codes, is only indicative of current thinking and is neither exhaustive nor binding and the Authority reserves the right at its absolute discretion to amend it at the time of issue of any further notices or at any other time. The publication of this notice in no way obliges the Authority to commence any competitive tender process. The Authority is not and shall not be liable for any costs incurred by those expressing an interest in participating in this premarket engagement exercise.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05f179
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/053944-2026
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK2 - Preliminary Market Engagement 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

48 - Software package and information systems

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


CPV Codes

48614000 - Data-acquisition system

72220000 - Systems and technical consultancy services

72263000 - Software implementation services

72310000 - Data-processing services

72322000 - Data management services

Notice Value(s)

Tender Value
£20,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
8 Jun 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
9 Feb 20278 months to go
Award Date
Not specified
Contract Period
30 Apr 2027 - 30 Apr 2034 Over 5 years
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
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
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

JSON Markdown

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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