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    INVITATION TO PARTICIPATE - Time series data analytics service

    Suomen Pankki

    INVITATION TO PARTICIPATE - Time series data analytics service

    1. Competition notice published

      Apr 24, 9:15 AMApril 24, 2026 9:15 AM

    2. Questions deadline

      May 4, 9:00 AMMay 4, 2026 9:00 AM

    3. Qualification deadline

      May 25, 9:00 AMMay 25, 2026 9:00 AM

    Brief

    Finland: Tenders/Suomen Pankki/INVITATION TO PARTICIPATE - Time series data analytics service

    Published deadline passed

    The published deadline has passed. For multi-stage competitions a later tender deadline may still apply — check the notice or portal for the current phase.

    Brief

    Programvareprodukter og lisenser

    Suomen Pankki needs a time series data analytics service to renew or partially replace its existing internal data and analytics system. The procurement aims to select one supplier with overall responsibility for an agreement valid until further notice. The service involves design and innovative solutions due to its complexity and specific nature. The award criteria will be based 100% on quality, specifically scoring based on references. The procurement will involve a negotiated procedure with multiple phases, including a request to participate, preliminary tenders, negotiations, and final tenders. The language used in negotiations will be English, with Finnish as an option if agreed upon.

    About the bid

      Bank of Finland (also ”Contracting Entity”, “BoF” or ”Customer”) is inviting candidates to leave a request to participate for a procurement of Time series data analytics service. The object of the procurement is the renewal or partial replacement of the Bank of Finland's internally developed data and analytics service, the time series system. Please see in more detail in the Preliminary Call for Tenders and its appendices. AT THE MOMENT No tender nor preliminary tender is expected from the candidates. The purpose of the procurement is to select one (1) supplier with an overall responsibility, with whom the Contracting Entity will enter into an agreement valid until further notice. The selected supplier may also be a consortium formed by the candidates. Please note! The mandatory requirements for the object of the procurement described in the documents or the criteria set out for most economically advantageous tender are NOT negotiated during the procurement process and their content is not subject to change, but their specification is possible. In other respects, the Preliminary Call for Tenders and its appendices are preliminary views of the Contracting Entity and the documents will be amended and specified in the course of the procurement and negotiation process. The preliminary timetable for the procurement is presented in the Preliminary Invitation to Negotiate. The schedule may be subject to change during the procedure.Main features of the procedureThe procurement will take place in compliance with the Act on Public Procurement and Concession Contracts (also "Procurement Act", 1397/2016). The negotiated procedure is used in the procurement because the contract cannot be awarded without prior negotiations due to: 1) the needs of the Contracting Entity cannot be met without adapting existingsolutions; 2) the procurement includes design or innovative solutions; and 3) the procurement has specific circumstances related to its nature, complexity, legal and financial form, and because of the risks pertaining thereto. (Procurement Act, Sections 34-35). The negotiated procedure is used, since the procurement involves planning, complexity, and for specific reasons related to its nature and legal aspects, and because of the risks involved, no agreement can be concluded without prior negotiations. PROCESSING OF REQUESTS TO PARTICIPATE Contracting Entity 1. Opens the requests to participate 2. Reviews the candidates’ responses regarding suitability 3. Selects the tenderers (compares the candidates; if more than three suitable candidates apply, the Contracting Entity ranks the candidates based on the scored references and selects the tenderers) PROCESSING OF PRELIMINARY TENDERS AND NEGOTIATIONS Contracting Entity 1. Opens the tenders 2. Reviews the tenderers’ responses regarding suitability 3. Reviews the content of the preliminary tenders 4. Conducts negotiations with selected tenderers PROCESSING OF FINAL TENDERS (defined in the Invitation to Tender) The Contracting Entity may wholly or partially interrupt the procurement procedure for legitimate and justifiable reason. The documents of the procurement are available in English. Should the tenderer wish to obtain the tender documents in another language, he must himself arrange for their translation and bear the costs thus incurred. The language used in the negotiations is English. In case agreed, Finnish can be used. No compensation will be payed to companies for preparation a request to participate, a preliminary tender and a final tender, presentation or otherwise taking part in the procedure. The Contracting Entity has utilized PTCServices Oy. The experts of the company mentioned are unable to act as candidate’s or tenderer’s advisor during the procedure.

      Contact name
      hankinta@bof.fi
      Contact phone
      +358 91831
      Contact email
      hankinta@bof.fi
      Address
      Snellmaninaukio, 00170 Helsinki

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    Award Criteria

    • Description

      scoring based on references

    Qualification requirements

      Found no qualification requirements in the contract notice.

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    See the full notice

    Contracting authority
    Suomen Pankki
    Title
    INVITATION TO PARTICIPATE - Time series data analytics service
    Type
    CompetitionPrequalification
    Main code
    48000000Software package and information systems
    Supplemental codes
    72000000IT services: consulting, software development, Internet and support

    Supplemental codes added by Cobrief

    48460000Analytical, scientific, mathematical or forecasting software package
    48463000Statistical software package
    72212461Analytical or scientific software development services

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