RFP QuestBeta
ClosedStage · tender

Bank of England

Data modelling, platform tool & ISO 20022 message development

Business ServicesCPV 72260000
Value£3.8m
Deadline17 Nov 2022
Published26 Oct 2022
RegionNationwide
Timeline
Published 26 Oct 2022ClosedCloses 17 Nov 2022
Who to contact
Technology.Contracts@bankofengland.gsi.gov.uk

The procurement contact named on the official notice.

How to submit
Open the submissions portal

The submission route named on the official notice.

Contract value in context
£3.8mtotal contract value
median £120k
this tender£0£4.1m

This is a large award for IT Services — above three-quarters of comparable contracts. Based on 36,449 valued IT Services tenders in our corpus.

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The brief

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.

Lot Estimated value (excluding VAT) Lot 1 £2,950,000 Lot 2 £800,000 Please note: This opportunity was previously published on 14/10/2022 however is being re-published due to a notice issue.

Key requirements

What the supplier must deliver

01

The Bank of England (“the Bank”) wishes

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.

02

Specifically, the consultancy services will provide critical

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.

03

They will allow the Bank to collect

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.

Derived from the notice text — always confirm against the original documents.

What this bid requires

Skills, tools & certifications

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Buyer intelligence

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Source & provenance
OCID
ocds-h6vhtk-037c4f
Stage
tender · Open
Source
Find a Tender
Buyer ref
030179-2022
View the original notice on Find a Tender

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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