Award

UK SBS PS18048 Innovation Loans Credit Assessment Validation Services

UK SHARED BUSINESS SERVICES LIMITED

This public procurement record has 2 releases in its history.

Award

19 Mar 2019 at 12:12

Award Notice
Tender

16 Feb 2018 at 15:20

Tender Notice
Summary of the contracting process

The UK Shared Business Services Limited (UK SBS) is conducting a tender process for "UK SBS PS18048 Innovation Loans Credit Assessment Validation Services". This process falls under the services sector, focusing specifically on financial consultancy and analysis. The tender is currently in the Award stage, having closed for bids on 28 February 2018, with a contract duration starting from 12 March 2018 to 12 March 2020. The total contract value is £125,000, and the delivery address is located in the South West region of the United Kingdom.

This procurement presents a significant opportunity for businesses specialising in financial analysis, software development, and consultancy services, particularly those that can provide innovative solutions for credit assessment validation. Small and medium-sized enterprises (SMEs) focusing on technology-driven financial services would find this tender appealing, enabling them to enhance their market presence and collaboration with a recognised public sector organisation like UK SBS. Businesses interested in leveraging licensing agreements for software provision may also find lucrative prospects here, given the requirement for licenses stated in the tender scope.

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Notice Information

Notice Title

UK SBS PS18048 Innovation Loans Credit Assessment Validation Services

Notice Description

The final date and time for the submission of bids is Wednesday 28th February 2018 at 14:00 DO NOT apply directly to the buyer. All tender information MUST be submitted through the CCS eSourcing Portal. Brief Description of Requirement Aims Innovate UK is seeking procure services to support (and validate) its underwriting process for Innovation Loans. The aim of the procurement is to procure services that produce: * Estimated probabilities of default covering up to five years on UK SMEs (limited companies and LLPs only) driven by verifiable data on company size, track record and sector, supported by backtesting against similar cohorts of borrowers; and * Automated calculation of key lending ratios from user inputs It is expected that the initial Innovation Loans portfolio will consist of between 100-150 SMEs, from around 500-750 applications. Where any bidder provides such a service by way of licensed software, it is expected that five licenses will be required for the period of the contract. Scope The scope is set out in "the requirements" below. For avoidance of doubt, the successful bidder will not be required to consult on the Innovation Loans underwriting process or the application of data generated by the successful bidder to that process. However, training on the use of the system and standard support on maintenance and updates will be required. Please ensure you review all attached information to ensure a full understanding of this requirement. All attachments can be found with the RFx attachments tab within the Emptoris System. This contract will be awarded based on the evaluation criteria set out in the ITQ document. How to Apply As part of the strategic alliance between UK Shared Business Services Ltd (UK SBS) and Crown Commercial Service (CCS), UK SBS will be using the CCS eSourcing Suite for this procurement. To register on the CCS eSourcing portal please follow the details contained within the Additional Information section of this notice. If you are already registered on the CCS eSourcing portal and wish to register your interest in this opportunity please email; expressionofinterest@crowncommercial.gov.uk Your email must clearly state: * the name and reference for the procurement you wish to register for; * the name of the registered Bidder; * the name and contact details for the registered individual sending the email. Additional information: DO NOT APPLY DIRECTLY TO BUYER All submissions will be assessed in accordance with the Public Contracts Regulations 2015, for procurement values that exceed Regulation 5 (Threshold amounts) Responses must be received by the date in the bid documents. Responses received outside or concurrently using the eSourcing process will not be accepted or considered further for this opportunity. How to Register on the CCS eSourcing Suite Full details of this opportunity can be found on the e-sourcing portal please follow instructions below. If you have not yet registered on the eSourcing Suite, this can be done online at https://gpsesourcing.cabinetoffice.gov.uk by following the link 'Register for CCS eSourcing'. Please note that, to register, you must have a valid DUNS number (as provided by Dun and Bradstreet) for the organisation which you are registering, who will be entering into a contract if invited to do so. Once you have registered on the eSourcing Suite, a registered user can express an interest for a specific procurement. This is done by emailing expressionofinterest@crowncommercial.gov.uk. Your email must clearly state: * name and reference for the procurement you wish to register for; * name of the registered Bidder; * name and contact details for the registered individual sending the email. Crown Commercial Service will process the email and then enable the Bidder to access the procurement online via the e-Sourcing Suite. The registered user will receive a notification email to alert them once this has been done. The Sourcing documents can then be accessed on the eSourcing Suite at: https://gpsesourcing.cabinetoffice.gov.uk using the instructions detailed in the Specification documents within Contracts Finder. As a user of the e-Sourcing Suite you will have access to Emptoris email messaging service which facilitates all messages sent to you and from you in relation to any specific RFX event. Please note it is your responsibility to access these emails on a regular basis to ensure you have sight of all relevant information. For technical assistance on use of the e-Sourcing Suite please contact Crown Commercial Service Helpdesk: Telephone: 0345 010 3503 Training documents to support Bidders to utilise Emptoris CCS eSourcing are available in the Contracts Finder Tender documents section. About UK Shared Business Services UK Shared Business Services Ltd (UK SBS) brings a commercial attitude to the public sector; helping our customers improve efficiency, generate savings and modernise. Our broad range of expert services is shared by our customers. This allows our customers the freedom to focus resources on core activities; innovating and transforming their own organisations. For full details of our partner base please review the following link: http://www.uksbs.co.uk/services/procure/cont

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0c2c3056-7dc0-4bd3-b357-591c08be0f69
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/af820088-ff54-4b81-bf9a-e7aa65b5c805
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

66 - Financial and insurance services

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

CPV Codes

48440000 - Financial analysis and accounting software package

66171000 - Financial consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£125,000 £100K-£500K
Lots Value
Not specified
Awards Value
£125,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Mar 20196 years ago
Submission Deadline
28 Feb 2018Expired
Future Notice Date
Not specified
Award Date
14 Mar 20187 years ago
Contract Period
20 Mar 2018 - 19 Mar 2020 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
UK SHARED BUSINESS SERVICES LIMITED
Contact Name
professionalservices@uksbs.co.uk
Contact Email
professionalservices@uksbs.co.uk
Contact Phone
01793 867465

Buyer Location

Locality
SWINDON
Postcode
SN2 1FF
Post Town
Swindon
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
TLK South West (England)
Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

Supplier Information

Number of Suppliers
1
Supplier Name

MOODY'S ANALYTICS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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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