Public procurement notice: Contract Notice
Published: 2022-03-08
Buyer: Bank of Finland
Country: FI
Contract type: Services
Procedure: Open procedure
CPV classification: 72000000
Submission deadline: 2022-04-04
Award criteria: The most economic tender

Technical requirements: Υπηρεσίες τεχνολογίας των πληροφοριών: παροχή συμβουλών, ανάπτυξη λογισμικού, Διαδίκτυο και υποστήριξη
The Bank of Finland (hereinafter also "BOF" or "Contracting Entity") requests tenderers to provide a tender for producing access to an economic and financial time series database (hereinafter also "ITT" or "Service") according to this Invitation to Tender.
The subject of the procurement (in particular annex 1), the relevant contract terms (in particular annex 4) and requirements (in particular annex 2) are described in more detail in the procurement documents and its annexes.
The Contracting Entity selects one (1) service provider (hereinafter also "Supplier") and concludes a contract with that service provider. The service provider may also be a consortium or a group of tenderers.
Please note that all the deadlines set out in this procurement procedure are in Finnish time according the time zone being currently used in Finland.
The Bank of Finland Institute for Emerging Economies (hereinafter also “BOFIT”) is a unit operating in the central bank of the Republic of Finland, Bank of Finland, that is a national monetary authority and member of the European System of Central Banks (ESCB) and the Eurosystem.
BOFIT is involved in monitoring economic developments in emerging economies, in Russia and China in specific, in forecasting Russian and Chinese economies as well as in research in macroeconomics and financial markets.
Monitoring of economic and financial market developments is conducted almost constantly. A monitoring and briefing report is produced on a weekly basis. A large amount of recent statistics as well as indicators are used for short-term forecasting. A macroeconomic forecast exercise for Russian and Chinese economies is done twice a year. The forecasts and the supporting analysis are published.
BOFIT maintains its internal time series database incorporating data from different sources (e.g. ECB, Eurostat, OECD, World Bank, IMF and BIS). This database is sufficient for regular monitoring but not for ad hoc needs frequently faced especially in research and analysis. In addition, the Bank of Finland has data service providers for general international macroeconomic data.
BOF intends to procure an access to an economic and financial time series database for 10±2 designated user workstations. The software (including a possible Excel add-in) and the database connection will be installed in 10±2 user workstations, if needed. The users search, retrieve and edit the data for monitoring, analysis and forecasting. The data or analysis of the data may be used in BOFIT publications and on BOFIT website.
The contract period starts from signing the contract. The contract period is valid until further notice.
For future reference, BOF requires an API access  and data feed option to be able to use data with proprietary applications and deploy an in-house database solution for internal data management.
The requirements shall be further detailed when the decision to implement the requirement is taken (nevertheless within 3 years of the signing of the contract).
Selection criteria as stated in the procurement documents. Please see the ESPD-form and part "Other terms and conditions".
The procurement will take place in compliance with the Finnish Act on Public Procurement and Concession Contracts (1397/2016, "Procurement Act").

Eligibility requirements: Selection criteria as stated in the procurement documents. Please see the ESPD-form and part "Other terms and conditions".