Tender

CREDIT RISK ANALYTICS SOLUTION

UK INFRASTRUCTURE BANK LIMITED

This public procurement record has 2 releases in its history.

TenderAmendment

04 Aug 2023 at 13:26

Tender Notice
Tender

28 Jul 2023 at 15:34

Tender Notice
Summary of the contracting process

The UK Infrastructure Bank Limited has initiated a tender process for the provision of a Credit Risk Analytics Solution. The bank aims to enhance its financial risk framework by procuring tools to assess credit risk, counterparty risk, and environmental, social, and governance financial risk. The contract, starting in October 2023, will involve a 3-year subscription period for credit rating services and potentially 1-year subscriptions for other services. The tender period ends on 25th August 2023, and the contract period spans from 11th October 2023 to 10th October 2026. This opportunity falls under the IT services main procurement category.

This tender opportunity by the UK Infrastructure Bank Limited for a Credit Risk Analytics Solution presents a chance for companies in the consulting, software development, and IT services sectors to compete. Businesses with expertise in providing credit scoring tools, ESG data integration, and risk assessment services would be well-suited to take part. Suppliers interested in this tender can access the documentation through the Atamis e-Tendering Portal or by requesting the Procurement Documents via email. The procurement method is an open procedure above threshold, indicating a fair and transparent selection process.

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Notice Information

Notice Title

CREDIT RISK ANALYTICS SOLUTION

Notice Description

The UK Infrastructure Bank ("UKIB") is a government-owned policy bank, focused on increasing infrastructure investment across the United Kingdom. UKIB is providing PS22bn of infrastructure finance to tackle climate change and support regional and local economic growth across the UK. UKIB has grown at pace, resourcing key functions to enable it to undertake both local authority and private sector lending. Given UKIB's growing portfolio of assets and relationships, UKIB wishes to further strengthen its existing financial risk framework and due diligence processes by procuring specific tools to assess, measure and manage credit risk, counterparty and environmental, social and governance (ESG) financial risk as further described below. The key objectives for the services are the provision of: - an analytical tool / scorecards to generate independent and market calibrated credit scores and expected recovery rates on infrastructure, project finance and corporate exposures and provide the underlying credit ratings mapping to probability of default; and - long-term historical credit data relevant to infrastructure, project finance and corporate exposures to support detailed analysis of probability of default, loss given default / recovery rates and correlations across different sub sections (including geography, sub-sector). The service will need to include embedded environmental, social and governance ("ESG") factors to support an holistic approach to risk. Ideally the service will provide the ability to take into account ESG data, scores and screening in credit rating and assessment. The scorecards / database must cover project finance, infrastructure finance and corporate borrowers and the credit database must include data relating to UKIB's strategic sectors (water, energy, transport, digital and waste). The contract shall commence in October 2023 and the credit rating / scorecard service products shall have a 3 year subscription period. It is anticipated that other service products for which a subscription is provided as part of the solution will be taken out on a 1 year basis with an option to extend for two further 1 year periods. Interested providers will be able to view this opportunity via the live opportunities list on UKIB's e-procurement system, Atamis. Click on 'View our Live Opportunities' from the home page, available on the following link: https://atamis-3929.my.site.com/s/Welcome. Once you have found the opportunity (via the search function, using the title or reference number), to gain full access to the tender documentation (including questionnaires), you will need to click on 'Register interest' - this will take you to the log-in page. If you are not already registered on the system, you will need to do so before gaining full access to the documentation and being able to submit a bid.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-39e76f5c-72d5-40cb-bd30-22feb4df4291
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fd2ab656-d79d-4304-b9f8-347c870f1b3d
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

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

Notice Dates

Publication Date
4 Aug 20232 years ago
Submission Deadline
25 Aug 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
10 Oct 2023 - 10 Oct 2026 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
UK INFRASTRUCTURE BANK LIMITED
Contact Name
Not specified
Contact Email
procurement@ukib.org.uk
Contact Phone
Not specified

Buyer Location

Locality
LEEDS
Postcode
LS1 4DW
Post Town
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified
Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Further Information

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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