Supply and Implement an XBRL Processor for the Bank of England

Supply and Implement an XBRL Processor for the Bank of England

The successful Supplier will need to supply and implement an XBRL Processor with support tools.

United Kingdom-London: Software package and information systems

2017/S 147-304472

Contract notice


Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

Bank of England
Threadneedle Street
United Kingdom
Contact person: Mr John Gill
Telephone: +44 2076014170
Fax: +44 2076015649
NUTS code: UK
Internet address(es):Main address:

Address of the buyer profile:

I.2)Joint procurement


The procurement documents are available for unrestricted and full direct access, free of charge, at:
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be submitted electronically via:

I.4)Type of the contracting authority

Body governed by public law

I.5)Main activity

Economic and financial affairs

Section II: Object

II.1)Scope of the procurement


XBRL Processor with support services.

Reference number: DN291102

II.1.2)Main CPV code


II.1.3)Type of contract


II.1.4)Short description:

The successful Supplier will need to supply and implement an XBRL Processor with support tools to support the end to end process for data collection as defined in the procurement documents.

II.1.5)Estimated total value

Value excluding VAT: 4 000 000.00 GBP

II.1.6)Information about lots

This contract is divided into lots: no
II.2.2)Additional CPV code(s)

II.2.3)Place of performance

NUTS code: UK

II.2.4)Description of the procurement:

The Bank seeks to improve its data collection through enabling stronger data management, greater automation and implementing a standardised and streamlined method for collecting data using XBRL. The intention of this is to make it easier for the Bank to collect data and for financial institutions to supply their data.

The Bank seeks to improve in the it’s XBRL processing as part of achieving comprehensive knowledge of the data the Bank uses, strong data quality assurance, improved analytics and robust data distribution.

The successful Supplier will help architect the Solution, by working with the Bank’s internal team(s), and deliver to the Bank a secure, robust and scalable XBRL processing Solution that delivers the requirements contained in this document. The Supplier must ensure the Solution can easily scale up and down on demand over time. The Solution must also accommodate additional XBRL based data collections of varying size and complexity. Please note, the Bank has a preference for a commercial off the shelf Solution.

The successful Supplier is expected to also keep the Bank up to date with industry developments, including the latest XBRL standards and how they can be leveraged.

II.2.5)Award criteria

Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6)Estimated value

II.2.7)Duration of the contract, framework agreement or dynamic purchasing system

Duration in months: 96
This contract is subject to renewal: no
II.2.9)Information about the limits on the number of candidates to be invited

II.2.10)Information about variants

Variants will be accepted: no

II.2.11)Information about options

Options: no
II.2.12)Information about electronic catalogues

II.2.13)Information about European Union funds

The procurement is related to a project and/or programme financed by European Union funds: no
II.2.14)Additional information

Section III: Legal, economic, financial and technical information

III.1)Conditions for participation
III.1.1)Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
III.1.2)Economic and financial standing
III.1.3)Technical and professional ability
III.1.5)Information about reserved contracts
III.2)Conditions related to the contract
III.2.1)Information about a particular profession
III.2.2)Contract performance conditions:
III.2.3)Information about staff responsible for the performance of the contract

Section IV: Procedure


IV.1.1)Type of procedure

Competitive procedure with negotiation
IV.1.3)Information about a framework agreement or a dynamic purchasing system
IV.1.4)Information about reduction of the number of solutions or tenders during negotiation or dialogue

IV.1.5)Information about negotiation

The contracting authority reserves the right to award the contract on the basis of the initial tenders without conducting negotiations
IV.1.6)Information about electronic auction

IV.1.8)Information about the Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: no
IV.2)Administrative information
IV.2.1)Previous publication concerning this procedure

IV.2.2)Time limit for receipt of tenders or requests to participate

Date: 04/09/2017
Local time: 16:00
IV.2.3)Estimated date of dispatch of invitations to tender or to participate to selected candidates

IV.2.4)Languages in which tenders or requests to participate may be submitted:

IV.2.6)Minimum time frame during which the tenderer must maintain the tender
IV.2.7)Conditions for opening of tenders

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: yes
Estimated timing for further notices to be published:

Following the 8 year contract term (from acceptance of the implementation stage of the Solution) this requirement is expected to be re-tendered.

VI.2)Information about electronic workflows
VI.3)Additional information:
VI.4)Procedures for review

VI.4.1)Review body

Bank of England
Threadneedle Street
United Kingdom
Telephone: +44 2076013354
VI.4.2)Body responsible for mediation procedures
VI.4.3)Review procedure
VI.4.4)Service from which information about the review procedure may be obtained

VI.5)Date of dispatch of this notice:



Related Posts

Contract to Supply IT Service Management System

Data Management System – Request for Quotation

Cloud and DevOps Implementation

Office 365 Consultancy Services Contract

Tender for LG Inform 2017 – Data Services