Award

Business Failure Indicator

UK SHARED BUSINESS SERVICES LIMITED

This public procurement record has 3 releases in its history.

Award

24 May 2017 at 09:54

TenderAmendment

23 May 2017 at 15:40

Tender

12 Jan 2017 at 16:38

Summary of the contracting process

The procurement process titled "Business Failure Indicator" is being conducted by UK Shared Business Services Limited (UK SBS) to provide a robust measure of the likelihood of individual businesses' failure. This initiative falls under the Research and Development Consultancy Services category, specifically targeting sectors that may experience economic disruption. The tender period for this procurement commenced with a deadline for submissions on 30th January 2017, and the contract is expected to run from 9th February 2017 to 9th February 2018, with an estimated value of £15,000. The procurement method is classified under "Other" categories and involves the use of the CCS eSourcing Suite for efficient management of submissions.

This tender presents significant opportunities for businesses that specialise in economic research, analytics, and data services, especially small to medium enterprises (SMEs) capable of delivering innovative solutions. Companies with proficiency in high-frequency data delivery, insolvency risk assessment, and sector-specific insights would be particularly well-placed to compete. The government's emphasis on identifying high-risk businesses early suggests that successful bidders could directly influence economic recovery strategies, thus expanding their market presence and fostering long-term partnerships with the government sector.

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Notice Title

Business Failure Indicator

Notice Description

BEIS's aim is to ensure that the economy grows strongly in all parts of the country, based on a robust industrial strategy and that the UK has secure energy supplies that are reliable, affordable and clean. It will encourage investment and innovation that fully utilises the UK science base, and enable a whole economy approach to deliver our climate change ambitions. The Disruptive Businesses Directorate covers a number of policy areas, one of which is focussed on promoting a consistent approach to handling economic shocks and opportunities including responsibility for government's principles of intervention. The Disruptive Businesses Analysis team require a robust measure of individual businesses' likelihood of failure and the likelihood of defaulting on paying creditors. This will be used to prioritise Government engagement with businesses, and to proactively assess the local impact of individual business becoming insolvent. The aim of the exercise is to provide analysts with a regular product which would highlight businesses at risk of insolvency, and information on the accuracy and reliability of the products. Any advanced notice of an upcoming economic shock is vital so a product should either give real time notifications or be produced at a sufficiently high frequency for the information to give advanced warning. The objectives of this tender exercise are to: * To enable Disruptive Businesses Directorate to identify businesses which have a high risk of failure or which have a significant increase in risk of failure. * To identify these businesses at an earlier stage than is possible through media monitoring, and to a high degree of accuracy. * Where possible identify the site of named business, rather than the location of the Headquarters. * To enable Disruptive Businesses Directorate to match data on at-risk businesses with sector and place indicators Additional information: 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. 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: * 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. 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

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3a51ffd6-7c8c-4b21-9fd4-3d3d4d989d99
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b5092661-b113-4eaa-8acc-514053438a97
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

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


CPV Codes

73200000 - Research and development consultancy services

79300000 - Market and economic research; polling and statistics

Notice Value(s)

Tender Value
£15,000 Under £100K
Lots Value
Not specified
Awards Value
£12,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
24 May 20178 years ago
Submission Deadline
30 Jan 2017Expired
Future Notice Date
Not specified
Award Date
22 Mar 20178 years ago
Contract Period
23 Mar 2017 - 23 Mar 2018 1-2 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
UK SHARED BUSINESS SERVICES LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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
Not specified

Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

Supplier Information

Number of Suppliers
1
Supplier Name

DUN AND BRADSTREET

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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