---
title: "RTGS Renewal"
ocid: "ocds-b5fd17-26d0bd3f-d004-4b53-af5f-fa49a59e48c8"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-26d0bd3f-d004-4b53-af5f-fa49a59e48c8"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-26d0bd3f-d004-4b53-af5f-fa49a59e48c8.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-26d0bd3f-d004-4b53-af5f-fa49a59e48c8.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2020-09-22"
---

# RTGS Renewal

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-b5fd17-26d0bd3f-d004-4b53-af5f-fa49a59e48c8

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## Summary

The Bank of England is undertaking a procurement process titled "RTGS Renewal," aimed at modernising the Real Time Gross Settlement (RTGS) service, a critical element of the UK's payment infrastructure. The tender is currently in the award stage, with a total contract value of £81,389,429 set for a duration from 30th July 2020 to 28th July 2027. Key dates include a tender period which ended on 15th March 2019, and the procurement method used is a selective, competitive dialogue, reflecting the complexity and importance of this service.

This procurement presents significant opportunities for technology firms specialising in software development, systems integration, and IT services. Businesses that possess expertise in application development, project management, and strategic innovation are particularly well-suited to engage in this tender process. By participating, companies can not only contribute to the enhancement of a vital national infrastructure project but also potentially forge long-term relationships with the Bank of England and gain access to future opportunities in the financial services sector.

## Notice

The Bank of England ("the Bank") wishes to renew its current Real Time Gross Settlement (RTGS) service. RTGS lies at the heart of UK payments, settling more than PS600bn of payments each working day. The RTGS infrastructure is over 20 years old and, despite its strong operational record, it needs to be modernised and developed to meet the needs of the future, safeguarding stability whilst enabling innovation. The Bank is seeking a Technology Delivery Partner (TDP) for the build, integration and support of the renewed RTGS system; including the design, build, integration and support of the replacement Core Settlement Engine (CSE) and designing and delivering the integration of the end to end replacement RTGS services. Through this procurement process the Bank is seeking to select a single TDP who can provide the following services*: - Application Development, including the design, build, test, integration and support of the Core Settlement Engine (CSE) - Systems Integration (End to end through the RTGS Ecosystem). - Application Maintenance - Application Support - Application Operations - Service management - Provision of technology products including software and related services. And has the capability to assist the Bank in - the management and delivery of projects and programmes - strategic planning and execution - innovation in the delivery of the services *This list of services is not finalised or exclusive and is subject to refinement through the course of the procurement process. It is anticipated that a maximum of five (5) Bidders will receive the invitation to participate in dialogue (ITP) following the Selection Questionnaire (SQ). Following initial dialogue and tender submission it is anticipated that (a maximum of) the three (3) highest scoring tenderers will be invited to continue to participate in dialogue (ITCP) which will be followed by Best and Final Offers (BAFO) submissions, the highest scoring of which will be the preferred bidder. RTGS is a key part of national infrastructure. It is the platform through which monetary policy decisions are implemented and provides liquidity to the financial system. The nature of the system means that strict security controls are deployed to protect RTGS and the renewed service. As such, the Bank will, where required, apply such measures throughout the procurement process as necessary (in accordance with Regulation 15(2) of the Public Contract Regulations 2015), to protect the essential security interests of the UK. Initially, in order to protect essential security interests in respect of RTGS (and in accordance with the ability for the Bank to impose requirements aimed at protecting the confidential nature of the information in the procurement documents) access to procurement documents (other than the SQ) is restricted to those Bidders who are invited to the next stage of the procurement process following evaluation of all responses to the SQ.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/7e7c241b-e1d2-4b00-8860-544f2f535fcb |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Competitive dialog |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 22 Sep 2020 |
| Submission deadline | 15 Mar 2019 |
| Future notice date | Not specified |
| Award date | 28 Jul 2020 |
| Contract period | 29 Jul 2020 - 28 Jul 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £150,000,000 |
| Lots value | Not specified |
| Awards value | £81,389,429 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | BANK OF ENGLAND |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2R 8AH |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Walbrook |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ACCENTURE (UK |

## CPV Codes

### Divisions

- 48 - Software package and information systems
- 72 - IT services: consulting, software development, Internet and support

### Codes

- 48000000 - Software package and information systems
- 72000000 - IT services: consulting, software development, Internet and support

## Release History

- 22 Sep 2020 at 15:56 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/7e7c241b-e1d2-4b00-8860-544f2f535fcb
- 13 Feb 2019 at 16:35 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/8efca80d-32ee-41a9-b0b8-21aa2a222ad5
- 8 Feb 2019 at 11:48 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/1e78f653-07f9-4d91-b950-beb14ba8f3f6

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/7e7c241b-e1d2-4b00-8860-544f2f535fcb
  22nd September 2020 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/8efca80d-32ee-41a9-b0b8-21aa2a222ad5
  13th February 2019 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/1e78f653-07f9-4d91-b950-beb14ba8f3f6
  8th February 2019 - Opportunity notice on Contracts Finder

## Notice URLs

- http://www.bankofengland.co.uk

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-26d0bd3f-d004-4b53-af5f-fa49a59e48c8. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-26d0bd3f-d004-4b53-af5f-fa49a59e48c8.json.