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
Section I: Contracting authority
I.1)Name and addresses
Contact person: Procurement Group
Telephone: +44 2034613000
NUTS code: UK
I.4)Type of the contracting authority
Section II: Object
II.1.2)Main CPV code
II.1.3)Type of contract
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
II.1.6)Information about lots
II.2.2)Additional CPV code(s)
II.2.3)Place of performance
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.2.7)Duration of the contract, framework agreement or dynamic purchasing system
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
In accordance with Regulation 57 of the Public Contracts Regulations 2015 and as set out in the SQ.
II.2.10)Information about variants
II.2.11)Information about options
II.2.13)Information about European Union funds
Section III: Legal, economic, financial and technical information
III.1.1)Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
Selection criteria as stated in the procurement documents.
III.1.2)Economic and financial standing
III.1.3)Technical and professional ability
Section IV: Procedure
IV.1.1)Type of procedure
IV.1.8)Information about the Government Procurement Agreement (GPA)
IV.2.2)Time limit for receipt of tenders or requests to participate
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
Section VI: Complementary information
VI.1)Information about recurrence
VI.2)Information about electronic workflows
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
Royal Courts of Justice, Strand
Telephone: +44 2079477882Internet address: http://www.justice.gov.uk
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
Telephone: +44 2034613000
VI.5)Date of dispatch of this notice: