Technology Delivery Partner for Real Time Gross Settlement Service

Technology Delivery Partner for Real Time Gross Settlement Service

The Bank of England wishes to renew its current Real Time Gross Settlement Service.

United Kingdom-London: IT services: consulting, software development, Internet and support

2019/S 031-069898

Contract notice

Services

Legal Basis:

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

Bank of England
Threadneedle St
London
EC2R 8AH
United Kingdom
Contact person: Procurement Group
Telephone: +44 2034613000
E-mail: Technology.Contracts@bankofengland.gsi.gov.uk
NUTS code: UK
Internet address(es):Main address: http://www.bankofengland.co.uk

Address of the buyer profile: http://www.bankofengland.co.uk

I.2)Information about joint procurement

I.3)Communication

Access to the procurement documents is restricted. Further information can be obtained at: www.bankofenglandtenders.co.uk
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be submitted electronically via: www.bankofenglandtenders.co.uk

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

II.1.1)Title:

RTGS Renewal

Reference number: DN389839

II.1.2)Main CPV code

72000000

II.1.3)Type of contract

Services

II.1.4)Short description:

The Bank of England (“the Bank”) wishes to renew its current Real Time Gross Settlement (RTGS) service. RTGS lies at the heart of UK payments, settling more than 600 000 000 000 GBP of payments each working day. The RTGS infrastructure is over 20 years old and, despite its strong operational record, it needs to be modernised and developed to meet the needs of the future, safeguarding stability whilst enabling innovation.

The Bank is seeking a Technology Delivery Partner (TDP) for the build, integration and support of the renewed RTGS system; including the design, build, integration and support of the replacement Core Settlement Engine (CSE) and designing and delivering the integration of the end to end replacement RTGS services.

II.1.5)Estimated total value

Value excluding VAT: 150 000 000.00 GBP

II.1.6)Information about lots

This contract is divided into lots: no
II.2)Description
II.2.1)Title:

II.2.2)Additional CPV code(s)

48000000
72000000

II.2.3)Place of performance

NUTS code: UK

II.2.4)Description of the procurement:

Through this procurement process the Bank is seeking to select a single TDP who can provide the following services:

— 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.

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

Value excluding VAT: 150 000 000.00 GBP

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

Duration in months: 192
This contract is subject to renewal: yes
Description of renewals:

Intended initial term of 84 months with 3 options to extend by up to 36 months for each extension.

II.2.9)Information about the limits on the number of candidates to be invited

Envisaged number of candidates: 5
Objective criteria for choosing the limited number of candidates:

In accordance with Regulation 57 of the Public Contracts Regulations 2015 and as set out in the SQ.

II.2.10)Information about variants

Variants will be accepted: yes

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

List and brief description of conditions:

Selection criteria as stated in the procurement documents.

III.1.2)Economic and financial standing

Selection criteria as stated in the procurement documents

III.1.3)Technical and professional ability

Selection criteria as stated in the procurement documents
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)Description

IV.1.1)Type of procedure

Competitive dialogue
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.1.6)Information about electronic auction

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

The procurement is covered by the Government Procurement Agreement: yes
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: 15/03/2019
Local time: 12:00
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:

English

IV.2.6)Minimum time frame during which the tenderer must maintain the tender

Duration in months: 6 (from the date stated for receipt of tender)
IV.2.7)Conditions for opening of tenders

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no

VI.2)Information about electronic workflows

Electronic ordering will be used
Electronic invoicing will be accepted
Electronic payment will be used

VI.3)Additional information:

All Bidders invited to the next stage of the procurement process following evaluation of SQs will be required to enter into a Non-Disclosure Agreement (NDA) with the Bank prior to such procurement documents being provided. Further it is a requirement of the procurement process that members of the Bidder’s bid team, who have access to the procurement documents from the ITP stage onward, are Security Cleared (SC), or cleared by the Bank. Further detail on these requirements is included at Paragraph 11 of the SQ.

In order that the vetting process does not impact the intended procurement timescales, Bidders, will be required to submit completed vetting application forms for their Bid team by the SQ Response Deadline. As such, all Bidders expressing an interest in this opportunity should ensure that they have confirmed the bid team and collated the relevant vetting information prior to submitting its response. Bidders should also ensure they have a designated individual who will act as key contact for the Bank in completing any such vetting procedures. Further details are provided at Paragraph 11 of the SQ and in the documentation referred to therein. These documents are available at www.bankofenglandtenders.co.uk.

Any variant bids will only be acceptable if the Bank agrees to any variation in advance of a bid being submitted.

A form of Bond, Guarantee or Parent company Guarantee may be required from the successful bidder.

Subject to the below, bidders will remain responsible for all costs and expenses incurred by them or by any third party acting under instructions from bidders in connection with taking part in this procurement, regardless of whether such costs arise as a consequence direct or indirect of any amendments made to the procurement documents by the Bank at any time. The Bank reserves the right at any time to:

i) reject any or all responses and to cancel or withdraw this procurement at any stage;

ii) award a contract without prior notice;

iii) change the basis, the procedures and the timescales set out or referred to within the procurement documents;

iv) require a bidder to clarify any submissions in writing and/or provide additional information (failure to respond adequately may result in disqualification);

v) terminate the procurement process and

vi) amend the terms and conditions of the selection and evaluation process.

The Bank intends to provide bidders who are invited to continue to participate in the competition following evaluation of initial tenders in the next stage of the process, a contribution towards the costs of the process. The basis on which this contribution may be made will be set out in procurement documents issued later in this process.

The Bank is a public authority subject to the off-payroll working in the public sector legislation which came into force in April 2017. Further information is set out in section 4.6) of the SQ.

The Bank will host an event on 18.2.2019 to present information about the procurement process and to answer questions from the supplier community. Further details and a link to register to attend the event are available on the www.bankofenglandtenders.co.uk

VI.4)Procedures for review

VI.4.1)Review body

High Court of England and Wales
Royal Courts of Justice, Strand
London
WC2A 2LL
United Kingdom
Telephone: +44 2079477882Internet address: http://www.justice.gov.uk
VI.4.2)Body responsible for mediation procedures

VI.4.3)Review procedure

Precise information on deadline(s) for review procedures:

Any review proceedings will be dealt with in accordance with the requirements of the Public Contracts Regulations 2015 (“PCR 2015”). Any review proceedings must be brought within the timescales specified by the applicable law, including, without limitation, PCR 2015. In accordance with PCR 2015, the Authority will incorporate a minimum 10 calendar day standstill period from the date information on the award of the contract is communicated to tenderers.

VI.4.4)Service from which information about the review procedure may be obtained

Bank of England
Threadneedle Street
London
EC2R 8AH
United Kingdom
Telephone: +44 2034613000
E-mail: Technology.Contracts@bankofengland.gsi.gov.uk

VI.5)Date of dispatch of this notice:

08/02/2019