Section one: Contracting authority
one.1) Name and addresses
Bank of England
Threadneedle St
London
EC2R 8AH
Contact
Procurement Group
Technology.Contracts@bankofengland.gsi.gov.uk
Telephone
+44 2034613000
Country
United Kingdom
Region code
UK - United Kingdom
Internet address(es)
Main address
http://www.bankofengland.co.uk
one.3) Communication
Access to the procurement documents is restricted. Further information can be obtained at
http://www.bankofenglandtenders.co.uk/
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted electronically via
http://www.bankofenglandtenders.co.uk/
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Economic and financial affairs
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Data modelling, platform tool & ISO 20022 message development
Reference number
DN1409
two.1.2) Main CPV code
- 72000000 - IT services: consulting, software development, Internet and support
two.1.3) Type of contract
Services
two.1.4) Short description
The Bank of England (“the Bank”) wishes to engage a supplier per Lot 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.
two.1.5) Estimated total value
Value excluding VAT: £3,750,000
two.1.6) Information about lots
This contract is divided into lots: Yes
Tenders may be submitted for all lots
Maximum number of lots that may be awarded to one tenderer: 2
two.2) Description
two.2.1) Title
Data Modelling & Platform Tool
Lot No
1
two.2.2) Additional CPV code(s)
- 72246000 - Systems consultancy services
- 72253200 - Systems support services
- 72263000 - Software implementation services
- 72266000 - Software consultancy services
- 79400000 - Business and management consultancy and related services
- 79995000 - Library management services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Through this procurement process the Bank is seeking to select one supplier per lot who can provide the following services (for the avoidance of doubt, suppliers can tender for one or both Lots, and each Lot may be awarded to a different supplier);
• 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.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.6) Estimated value
Value excluding VAT: £2,950,000
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
48
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
two.2) Description
two.2.1) Title
ISO 20022 Message Development
Lot No
2
two.2.2) Additional CPV code(s)
- 72000000 - IT services: consulting, software development, Internet and support
- 79400000 - Business and management consultancy and related services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Through this procurement process the Bank is seeking to select one supplier per lot who can provide the following services (for the avoidance of doubt, suppliers can tender for one or both Lots, and each Lot may be awarded to a different supplier);
• 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.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.6) Estimated value
Value excluding VAT: £800,000
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
48
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Restricted procedure
four.1.3) Information about a framework agreement or a dynamic purchasing system
The procurement involves the establishment of a framework agreement
Framework agreement with a single operator
In the case of framework agreements, provide justification for any duration exceeding 4 years:
The duration will not exceed 4 years.
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: No
four.2) Administrative information
four.2.2) Time limit for receipt of tenders or requests to participate
Date
15 November 2022
Local time
12:00pm
four.2.4) Languages in which tenders or requests to participate may be submitted
English
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: No
six.4) Procedures for review
six.4.1) Review body
High Court of England and Wales
London
Country
United Kingdom