Estimated Value
Up to £150,000,000
Deadline
15 March 2019
Published
8 February 2019
Type
services
Key points
- 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.
Regulations cited
- Public Contract Regulations 2015
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Likely incumbents
Suppliers who won similar work from this buyer in the last 5 years.
- 1
Credera limited
3 contracts wonlatest 30 Jun 2026ends 31 Dec 2026£268m
total awarded
- 2
Mastek (UK) Limited
£269m
total awarded
- 3
Coforge U.K. Limited
2 contracts wonlatest 10 Aug 2026ends 31 May 2027£88m
total awarded
- 4
Softcat PLC
2 contracts wonlatest 29 Jul 2026ends 31 Jul 2029£2m
total awarded
- 5
Accenture UK Limited
£267m
total awarded
Credera limited is the most likely incumbent based on recency and category match. To win, bidders typically need a clearly differentiated proposition or a price advantage.
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two years of filed accountsyour financial standingturnover vs contract valueyour Companies House recordcash flow for 30-day termscredit scores and ratios
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Buyer Profile
BANK OF ENGLANDKey Dates
Published
8 February 2019
Submission deadline
15 March 2019
Notice type
award
Source
contracts finder
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