Replacement of Data Collection System ("BEEDS Replacement")

Description

The Bank of England, as the United Kingdom's central bank, exists to ensure both monetary and financial stability. The Bank of England sets interest rates to achieve the inflation target; has responsibility for UK financial stability; is active in a range of financial markets, and issues bank notes. The Bank is intending to go to tender in Q2 2024 to replace its existing provision for a solution to meet the data collection needs of the Bank. The current provision supports a system for collecting data from firms across the UK. Firms are required to submit regular returns to the Bank, which helps the Bank to meet its supervisory obligations. The Bank requires a platform for securely collecting this data. The RFI document can be found at https://supplierlive.proactisp2p.com/Account/Login and includes further detail on the Bank's current working principles, the scope of the capabilities and sub-capabilities to be delivered and outlines the information requested from suppliers. The deadline to respond is 20th February 2024. Additional information: This RFI will be used by the Bank to better understand the feasibility of its requirements, the most appropriate approach to replacing its existing data collection portal, the capacity of the market to deliver and any possible risks or issues that may not have previously been considered. This will allow the Bank to gather and assess responses from the wider market, to then use these responses to facilitate our engagement and support future decision making regarding any future processes. The Bank is also looking to assess the likely costs to enable the Bank to set reasonable budgets for the capabilities it may need. It is not the intent of the Bank to compare responses for the purposes of pre-qualification or short listing.