Award

Untied Finance Research

UK EXPORT FINANCE

This public procurement record has 1 release in its history.

Award

18 Oct 2024 at 13:51

Summary of the contracting process

UK Export Finance (UKEF), located at 1 Horse Guards Road, London, has concluded the award stage of its procurement process for the project titled "Untied Finance Research." This tender falls under the industry category of Research Services (CPV 73110000) and involves conducting research to assess the benefits of UKEF offering untied finance, in alignment with the 2024-2029 Business Plan objectives. The contract, valued at £89,485.37, covers services to be delivered in the United Kingdom. Key dates include the end of the tender period on 12 August 2024 and the contract period from 20 September 2024 to 17 January 2025. The procurement was executed through a limited method, specifically a competitive quotation below the threshold.

This tender presents significant opportunities for businesses specialising in research services, particularly those with capabilities in finance and market analysis. SMEs and VCSE organisations are especially well-suited for this type of contract, given their potential eligibility and expertise in strategic project analysis. Momentus Global Development Ltd, an SME based in Vancouver, Canada, has been awarded the contract, highlighting the potential for international firms to secure UK research projects. This procurement is ideal for businesses looking to expand their portfolio in the public sector and secure contracts that align with governmental strategic objectives.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Untied Finance Research

Notice Description

Research leading to a recommendation on what advantages there could be to the UK of UKEF offering untied finance (in some form) and whether there is a market gap for this, particularly in relation to supporting strategic imports and overseas pro-jects/investments that would benefit the UK. This should be considered in line with our 2024-2029 Business Plan objectives.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6ab80c3c-634c-4006-ad64-c3bc0afd3ba6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0077ccf5-d3b1-49fe-8776-cce09a842a4d
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services


CPV Codes

73110000 - Research services

Notice Value(s)

Tender Value
£89,485 Under £100K
Lots Value
Not specified
Awards Value
£89,485 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Oct 20241 years ago
Submission Deadline
12 Aug 2024Expired
Future Notice Date
Not specified
Award Date
19 Sep 20241 years ago
Contract Period
19 Sep 2024 - 17 Jan 2025 1-6 months
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 EXPORT FINANCE
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
SW1A 2HQ
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
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

MOMENTUS GLOBAL DEVELOPMENT

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-6ab80c3c-634c-4006-ad64-c3bc0afd3ba6-2024-10-18T14:51:39+01:00",
    "date": "2024-10-18T14:51:39+01:00",
    "ocid": "ocds-b5fd17-6ab80c3c-634c-4006-ad64-c3bc0afd3ba6",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "UKEF1345",
        "title": "Untied Finance Research",
        "description": "Research leading to a recommendation on what advantages there could be to the UK of UKEF offering untied finance (in some form) and whether there is a market gap for this, particularly in relation to supporting strategic imports and overseas pro-jects/investments that would benefit the UK. This should be considered in line with our 2024-2029 Business Plan objectives.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "73110000",
            "description": "Research services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "minValue": {
            "amount": 89485.36,
            "currency": "GBP"
        },
        "value": {
            "amount": 89485.37,
            "currency": "GBP"
        },
        "procurementMethod": "limited",
        "procurementMethodDetails": "Competitive quotation (below threshold)",
        "tenderPeriod": {
            "endDate": "2024-08-12T17:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2024-09-20T00:00:00+01:00",
            "endDate": "2025-01-17T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": true
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-GOR-D241",
            "name": "UK EXPORT FINANCE",
            "identifier": {
                "legalName": "UK EXPORT FINANCE",
                "scheme": "GB-GOR",
                "id": "D241"
            },
            "address": {
                "streetAddress": "1 Horse Guards Road",
                "locality": "LONDON",
                "postalCode": "SW1A2HQ",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "Commercial@ukexportfinance.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-298949",
            "name": "Momentus Global Development Ltd",
            "identifier": {
                "legalName": "Momentus Global Development Ltd"
            },
            "address": {
                "streetAddress": "4888 Skyline Drive North Vancouver, British Columbia Canada. V7R 3J3"
            },
            "details": {
                "scale": "sme",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-GOR-D241",
        "name": "UK EXPORT FINANCE"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-6ab80c3c-634c-4006-ad64-c3bc0afd3ba6-1",
            "status": "active",
            "date": "2024-09-20T00:00:00+01:00",
            "datePublished": "2024-10-18T14:51:38+01:00",
            "value": {
                "amount": 89485.36,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-298949",
                    "name": "Momentus Global Development Ltd"
                }
            ],
            "contractPeriod": {
                "startDate": "2024-09-20T00:00:00+01:00",
                "endDate": "2025-01-17T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/0077ccf5-d3b1-49fe-8776-cce09a842a4d",
                    "datePublished": "2024-10-18T14:51:38+01:00",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}