Tender

GB-London: Credit Rating and Analysis System

FINANCIAL SERVICES COMPENSATION SCHEME

This public procurement record has 2 releases in its history.

TenderAmendment

27 Oct 2021 at 12:20

Tender Notice
Tender

21 Oct 2021 at 13:25

Tender Notice
Summary of the contracting process

The Financial Services Compensation Scheme (FSCS) is currently in the Tender stage for a contract titled "Credit Rating and Analysis System". This procurement process, classified under the Financial and Insurance Services category, is taking place in London, United Kingdom. The tender response deadline has been extended to 14:00 on 17th November 2021. The total contract value is £100,000 with a minimum value of £50,000, and the expected contract period spans from 1st March 2022 to 28th February 2025. The procurement is an open procedure, aimed at consolidating credit rating services under a single provider to streamline operations.

This tender presents a significant opportunity for businesses, especially small and medium enterprises (SMEs), to engage in a competitive procurement process. Suitable businesses should specialise in credit rating and data solutions capable of servicing both UK and international clients. The successful provider will need to deliver comprehensive functionalities such as corporate credit scoring and access to important financial databases, making it an ideal opportunity for firms with expertise in financial analytics and information systems.

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Notice Information

Notice Title

GB-London: Credit Rating and Analysis System

Notice Description

NOTE: This notice was updated on 27 October 2021 for the following reason: Extension of Tender Response Deadline to 1400hrs on 17th November 2021.(FSCS currently uses different credit rating and analysis system providers for its procurement and legal & recoveries work. This procurement exercise seeks to consolidate the requirements under a single contract, facilitating consistent information across the different requirements. FSCS is therefore seeking to appoint a single service provider for the provision of a credit rating analysis system with information gathering capability. The successful service provider should be able to deliver a credit rating and data solution for UK and international companies, with functionality for credit scoring of corporates and accessing a database containing among others, corporate financial information and external rating, etc.) Additional information: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-743aeb83-b4a3-4d5a-9b49-6063b96b8499
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8c4c94e2-54cd-450d-a1b0-19d6b972bab8
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
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

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

Notice Dates

Publication Date
27 Oct 20214 years ago
Submission Deadline
10 Nov 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Mar 2022 - 28 Feb 2025 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
FINANCIAL SERVICES COMPENSATION SCHEME
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
EC3A 7QU
Post Town
Central 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
TLI London
Local Authority
City of London
Electoral Ward
Portsoken
Westminster Constituency
Cities of London and Westminster

Further Information

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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