# Data Modelling, Platform Tool & ISO 20022 Message Development

> Tender notice from UK public-sector procurement sources.

## Key facts

- Public buyer: [BANK OF ENGLAND](/buyers/bank-of-england/contract-awards)
- Tender value: £3,750,000
- Published: 14 October 2022
- Planned start: 10 May 2023
- Planned end: 9 May 2026
- Stage: open_tender
- Procurement category: services
- Notice ID: 1c3ef489-a769-4f10-8d49-9565edf64ea1-580606
- OCID: ocds-b5fd17-e3169ef9-56d3-41bb-90fa-d56b338e5005

## Description

The Bank of England \("the Bank"\) wishes to engage a supplier over the 2 lots to deliver Data Modelling, Tooling & ISO20022 Message Development services, which are technological requirements servicing XBRL-based data collections\. The contract will also be used to procure consultancy services relating to payment messaging and the RTGS2 programme\. Specifically, the consultancy services will provide critical support for developing and maintaining ISO 20022 messages, the payment messaging standard to which the Bank is migrating in 2023\. Data Modelling and the Platform Tool are crucial technological requirements, allowing for crucial XBRL-based data collections\. They will allow the Bank to collect data from the firms it regulates to fulfil the Bank's mission to maintain monetary and financial stability\.

## Related contract awards

- [LSEG Market Data Research](/contracts/ocds-b5fd17-5d779274-0ec5-4c82-80f7-3bb65f2631dc): BANK OF ENGLAND
- [LSEG Market Data Research - Supplementary services](/contracts/ocds-b5fd17-d1900731-9460-48ce-b870-93bf53e7368f): BANK OF ENGLAND
- [Provision of Data Protection Hardware, Software and Support](/contracts/ocds-b5fd17-87a62014-e032-4f86-8372-18092a16a34a): BANK OF ENGLAND

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/1c3ef489-a769-4f10-8d49-9565edf64ea1-580606)