RFP QuestBeta
ClosedStage · contract

BANK OF ENGLAND

Data modelling, platform tool & ISO 20022 message development

IT ServicesCPV 72000000 72246000 72260000 79400000
Value£3.8m
Deadline17 Nov 2022
Published26 Oct 2022
RegionUK-wide
Timeline
Published 26 Oct 2022ClosedCloses 17 Nov 2022
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.

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

Make the case to bid

Reveal who to approach at BANK OF ENGLAND, and generate a go-to-market strategy from their news, accounts and people.

Source & provenance
OCID
aefd954c-8aa7-442f-8c0c-25741b05658d
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
a321cccb-8ecf-4fff-8413-f284921dba76
View the original notice on Contracts Finder

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

Market context

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