Upcoming
Data Collection Services (Re procurement of the Bank of England's Electronic Data System, BEEDS)
Bank of England · Central government
In brief
Bank of England has announced plans to buy IT and software work. This is an early notice: there is nothing to bid on yet, but it tells you a tender may follow.
The estimated value is £20,000,000 excluding VAT.
The contract runs for 7 years, up to 11 years with extensions, starting 1 May 2027.
Built from the notice's own fields. Always check the official notice before you bid.
Can I win this?
Competition
Usually high: a median of 6 bids per contract for IT and software contracts across the UK (from 912 awards in the last 12 months).
What the notice says
BEEDS is the Bank's current strategic data collection system and is the primary digital gateway for collecting regulatory and statistical data from our firms. The system underpins a very large number of critical data collections and is relied on daily by firms and teams across the Bank. The Bank plans to update and modernise our data collection capabilities with the new data collection platform and associated data modelling and toolsets. The Bank will also require XBRL validation processing services and professional services to deploy the new Data Collection System and to migrate some existing data.
Note an earlier RFI was published and earlier engagement on BEEDS took place in 2024. Operational reasons then delayed further procurement activity until this year.
How to bid
- Read the full notice on Find a Tender, including any tender documents it links to.
- Register your organisation on the Central Digital Platform (through Find a Tender) if you have not already. Suppliers need to be registered to take part in procurements under the Procurement Act 2023.
- Follow the submission instructions in the notice; it does not name an e-tendering portal.
Timeline
- Pipeline notice · UK1, notice 080933-2025
- Preliminary market engagement notice · UK2, notice 053944-2026
About the buyer
Bank of EnglandLast 12 months
Procurements
160Awards
115Suppliers it has used most for IT and software
- S&P Global Market Intelligence LLC4 contracts
- Accenture UK Ltd2 contracts
- Osttra Limited2 contracts
- Temenos UK Limited2 contracts
- 3 Chillies Limited1 contract
Similar open tenders
All open IT and software tenders- £9mestimated
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- £15mframework ceiling
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From notice 080933-2025 on Find a Tender, first published 9 December 2025, last updated 8 June 2026. We last checked for changes on 28 September 2026.