Award

Rating Agency Licences (FAME)

OFGEM

This public procurement record has 1 release in its history.

Award

07 Aug 2023 at 16:45

Award Notice
Summary of the contracting process

The procurement process for the contract titled "Rating Agency Licences (FAME)" was awarded to Moody's Analytics by Ofgem, a buying organisation based in London, England. The contract falls under the services industry category, specifically for financial systems software. The procurement stage has been completed, with a total contract value of £63,774. The tender period ended on January 1, 2023, and the contract period runs from June 30, 2023, to June 29, 2024.

This tender awarded to Moody's Analytics by Ofgem presents business growth opportunities for companies involved in financial software services. Small and medium-sized enterprises (SMEs) are well-suited to compete in this open procurement process. Businesses interested in providing financial systems software solutions can benefit from this contract, which aims to enhance Ofgem's financial resilience surveillance capabilities through access to credit reports, market data, and wider financial analysis resources.

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Notice Information

Notice Title

Rating Agency Licences (FAME)

Notice Description

The licences procured under this contract will enable Ofgem: - To have unrestricted access to the reports - To be able to speak to analysts on their reports and view of the credit profile of clients - Provide market signal data to facilitate financial resilience oversight of those companies in our regulatory purview - Download financial data for presentation in Ofgem internal analysis - Access to wider market analysis and market conferences This procurement forms a component of enhancing the financial resilience surveillance at Ofgem.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-615e6dd0-637e-4f85-852e-9458e33b88f9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/caf398c1-e0bb-4306-b09a-3c4c05980ade
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48442000 - Financial systems software package

Notice Value(s)

Tender Value
£63,774 Under £100K
Lots Value
Not specified
Awards Value
£63,774 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Aug 20232 years ago
Submission Deadline
1 Jan 2023Expired
Future Notice Date
Not specified
Award Date
28 Jun 20232 years ago
Contract Period
29 Jun 2023 - 29 Jun 2024 1-2 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
OFGEM
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E14 4PU
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

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

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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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