Planning

Investor Risk Reporting Function

DEPARTMENT FOR INTERNATIONAL TRADE

This public procurement record has 1 release in its history.

Planning

31 Jan 2020 at 15:57

Market Engagement Notice
Summary of the contracting process

The Department for International Trade (DIT) is currently in the planning stage for a procurement titled "Investor Risk Reporting Function." This tender falls under the miscellaneous business-related services category, with a focus on providing risk reporting services that support inward investment by conducting third-party background checks on investors. The anticipated contract has an estimated total value of up to £200,000 inclusive of VAT for the first year. Key dates include a planned market engagement session on 28th February 2020, and the intention to publish the contract notice on 4th March 2020. The services will be delivered in London, England.

This procurement presents significant opportunities for businesses specialising in risk assessment and reporting services, particularly small and medium-sized enterprises (SMEs), which are encouraged to participate. Businesses that can offer online reporting platforms and comprehensive profiling capabilities, including economic and political assessments of investors globally, would be well-positioned to compete. The requirement not only aims to enhance the UK's inward investment strategy but also to safeguard government resources by focusing on reputable investors, thereby aligning economic interests with the protection of the government's reputation.

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Notice Information

Notice Title

Investor Risk Reporting Function

Notice Description

The Department for International Trade ("DIT") has a requirement for a risk reporting service to provide third party background checks as part of inward investment services. This is to provide an independent economic and political assessment of individual investors ensuring that the programme's resources are focused on reputable investors who will add value to the UK economy and protects HMG's reputation by significantly reducing the risk of working with questionable investors. The Secretary of State for DIT is the contracting authority responsible for meeting this anticipated requirement. DIT will potentially conduct a Market Engagement session on the 28th February 2020. DIT intends to publish the Contract Notice 4th March 2020. The full specification shall be provided with the contract documents, but it is expected the service will incorporate both instant reporting via an online platform and the ability to produce reports on individual investors and companies globally. This will include and not restricted to basic profiling, issues of concern, and blacklists. The service should also offer contextual country and wealth analysis reports. The requirement has an estimated total value of up to PS200k inc-VAT for year one, including provision of an online platform.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-07f4a9c1-e0b6-450c-8e56-e635dcdd7693
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bc4f7e0f-0db6-4c3d-9e63-6f7abe68dec0
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Market Engagement Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79990000 - Miscellaneous business-related services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
31 Jan 20206 years ago
Submission Deadline
Not specified
Future Notice Date
2 Mar 2020Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR INTERNATIONAL TRADE
Contact Name
Jonathan Lock
Contact Email
jonathan.lock@trade.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2AH
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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