Bank of England Data Management Tender

Bank of England Data Management Tender

The successful supplier will need to supply and assist in implementing a solution to provide the end-to-end management of data in support of the Bank’s market operations.

United Kingdom-London: Software package and information systems

2016/S 087-153990

Contract notice

Services

Directive 2004/18/EC

Section I: Contracting authority

I.1)Name, addresses and contact point(s)

Bank of England
Threadneedle Street
For the attention of: Mr Stephen Green
EC2R 8AH London
UNITED KINGDOM
Telephone: +44 2076013354
E-mail: tom.regan@bankofengland.co.uk

Internet address(es):

General address of the contracting authority: http://www.bankofengland.co.uk

Further information can be obtained from: Bank of England
Threadneedle Street
For the attention of: Mr Stephen Green
EC2R 8AH London
UNITED KINGDOM
Telephone: +44 2076013354
E-mail: tom.regan@bankofengland.co.uk

Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained from: Bank of England
Threadneedle Street
For the attention of: Mr Stephen Green
EC2R 8AH London
UNITED KINGDOM
Telephone: +44 2076013354
E-mail: tom.regan@bankofengland.co.uk

Tenders or requests to participate must be sent to: Bank of England
Threadneedle Street
For the attention of: Mr Stephen Green
EC2R 8AH London
UNITED KINGDOM
Telephone: +44 2076013354
E-mail: tom.regan@bankofengland.co.uk

I.2)Type of the contracting authority

Body governed by public law

I.3)Main activity

Economic and financial affairs

I.4)Contract award on behalf of other contracting authorities

The contracting authority is purchasing on behalf of other contracting authorities: no

Section II: Object of the contract

II.1)Description

II.1.1)Title attributed to the contract by the contracting authority:

Market Operations and Master Data Management.

II.1.2)Type of contract and location of works, place of delivery or of performance

Services
Service category No 7: Computer and related services
NUTS code

II.1.3)Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)

The notice involves a public contract
II.1.4)Information on framework agreement

II.1.5)Short description of the contract or purchase(s)

The successful supplier will need to supply and assist in implementing a solution to provide the end-to-end management of data in support of the Bank’s market operations, namely around the Bank’s Parties (e.g. counter-party), instruments, pricing, eligibility and haircuts. The solution will also need to support wider master data management across the Bank.
A key aspect of the solution will be its work-flow management capability. It should be able to acquire and source data, model data, manage and validate data, distribute (including according to schedules) and allow reporting and monitoring.
The solution will need to support the Bank’s data governance processes. It will need to work with a wide range of other systems and tools so integration with the Bank’s technology and operational framework is important. These will include the Bank’s main trading and settlement systems for the market operations data and the components of the Bank’s strategic Data Programme.
The Bank plans to initially implement the data management solution in support of its market operations. The Bank will then look to extend the solution to mastering of data across other areas of the Bank more widely. This will include extending firm entity/Party data attributes, including some from the Prudential Regulation Authority (PRA), and other more standard reference data from external and internal sources such as country and currency codes. These extensions will also need to integrate with other systems, for instance in the case of Party, potentially a Customer Relationship Management (CRM) solution.
More widely across the Bank there is a Data Programme intending to deliver strategic data capabilities through the introduction of 7 core services. Those services include a Master Data Management (MDM) capability to aid management and consistency of reference data. This solution will initially be used primarily for Middle Office operations but is envisaged to also provide the platform for cross division reference data management at a Bank-wide level.
It is anticipated that the vendor will assist with project delivery, being completed primarily on-site at the Bank (Threadneedle Street, London, EC2R 8AH) with possible requirement to attend the Bank’s contingency site unless agreed otherwise.

II.1.6)Common procurement vocabulary (CPV)

48000000, 72000000

II.1.7)Information about Government Procurement Agreement (GPA)

The contract is covered by the Government Procurement Agreement (GPA): no
II.1.8)Lots

II.1.9)Information about variants

Variants will be accepted: no
II.2)Quantity or scope of the contract

II.2.1)Total quantity or scope:

The contract will be for a maximum period of 8 years.
Estimated value excluding VAT:
Range: between 1 500 000 and 6 000 000 GBP

II.2.2)Information about options

Options: no

II.2.3)Information about renewals

This contract is subject to renewal: no
II.3)Duration of the contract or time limit for completion

Section III: Legal, economic, financial and technical information

III.1)Conditions relating to the contract

III.1.1)Deposits and guarantees required:

Parent Company Guarantee (At the Bank’s discretion).

III.1.2)Main financing conditions and payment arrangements and/or reference to the relevant provisions governing them:

See Procurement documentation.

III.1.3)Legal form to be taken by the group of economic operators to whom the contract is to be awarded:

See Procurement documentation.

III.1.4)Other particular conditions

The performance of the contract is subject to particular conditions: yes
Description of particular conditions: Please see the contract accompanying the procurement documents.
III.2)Conditions for participation

III.2.1)Personal situation of economic operators, including requirements relating to enrolment on professional or trade registers

Information and formalities necessary for evaluating if the requirements are met: See Procurement documentation.

III.2.2)Economic and financial ability

Minimum level(s) of standards possibly required: See Procurement documentation.

III.2.3)Technical capacity

Information and formalities necessary for evaluating if the requirements are met:
See Procurement documentation.
Minimum level(s) of standards possibly required:
See Procurement documentation.
III.2.4)Information about reserved contracts
III.3)Conditions specific to services contracts

III.3.1)Information about a particular profession

Execution of the service is reserved to a particular profession: no

III.3.2)Staff responsible for the execution of the service

Legal persons should indicate the names and professional qualifications of the staff responsible for the execution of the service: no

Section IV: Procedure

IV.1)Type of procedure

IV.1.1)Type of procedure

Restricted

IV.1.2)Limitations on the number of operators who will be invited to tender or to participate

Envisaged minimum number 5: and maximum number 8

IV.1.3)Reduction of the number of operators during the negotiation or dialogue

Recourse to staged procedure to gradually reduce the number of solutions to be discussed or tenders to be negotiated no
IV.2)Award criteria

IV.2.1)Award criteria

The most economically advantageous tender in terms of the criteria stated in the specifications, in the invitation to tender or to negotiate or in the descriptive document

IV.2.2)Information about electronic auction

An electronic auction will be used: no
IV.3)Administrative information

IV.3.1)File reference number attributed by the contracting authority:

SG-421
IV.3.2)Previous publication(s) concerning the same contract

IV.3.3)Conditions for obtaining specifications and additional documents or descriptive document

Time limit for receipt of requests for documents or for accessing documents: 26.5.2016 – 16:00
Payable documents: no

IV.3.4)Time limit for receipt of tenders or requests to participate

31.5.2016 – 16:00

IV.3.5)Date of dispatch of invitations to tender or to participate to selected candidates

20.6.2016

IV.3.6)Language(s) in which tenders or requests to participate may be drawn up

English.

IV.3.7)Minimum time frame during which the tenderer must maintain the tender

Duration in months: 12 (from the date stated for receipt of tender)

IV.3.8)Conditions for opening of tenders

Persons authorised to be present at the opening of tenders: no

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no

VI.2)Information about European Union funds

The contract is related to a project and/or programme financed by European Union funds: no
VI.3)Additional information
VI.4)Procedures for appeal

VI.4.1)Body responsible for appeal procedures

Bank of England
Threadneedle Street
EC2R 8AH London
UNITED KINGDOM
E-mail: procurementgroup.ppsd@bankofengland.gsi.gov.uk
Telephone: +44 2076013354

Body responsible for mediation procedures

Bank of England
Threadneedle Street
EC2R 8AH London
UNITED KINGDOM
E-mail: procurementgroup.ppsd@bankofengland.gsi.gov.uk
Telephone: +44 2076013354

VI.4.2)Lodging of appeals

Precise information on deadline(s) for lodging appeals: As above.
VI.4.3)Service from which information about the lodging of appeals may be obtained

VI.5)Date of dispatch of this notice:

29.4.2016

 

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