Published date: 26 October 2022

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 17 November 2022, 12pm

Contract summary

Industry

  • IT services: consulting, software development, Internet and support - 72000000

  • Systems consultancy services - 72246000

  • Software-related services - 72260000

    • Business and management consultancy and related services - 79400000

Location of contract

EC2R 8AH

Value of contract

£3,750,000

Procurement reference

a321cccb-8ecf-4fff-8413-f284921dba76

Published date

26 October 2022

Closing date

17 November 2022

Closing time

12pm

Contract start date

20 April 2023

Contract end date

19 April 2026

Contract type

Service contract

Procedure type

Restricted procedure (above threshold)

A two-stage procedure, where the first stage is used to select suppliers, who are then invited to bid in the second stage.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

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.

More information

Links

About the buyer

Contact name

Joe Lloyd

Address

Bank of England, Threadneedle Street
, ,
London
EC2R 8AH
UNITED KINGDOM

Telephone

07775945896

Email

Joe.Lloyd@bankofengland.co.uk