Award

Provision of Investment Information to the Investment Security Unit

BUSINESS ENERGY AND INDUSTRIAL STRATEGY

This public procurement record has 1 release in its history.

Award

01 Nov 2021 at 16:20

Award Notice
Summary of the contracting process

The procurement process for the contract titled "Provision of Investment Information to the Investment Security Unit" has been completed by the Business Energy and Industrial Strategy. This contract falls under the services category, specifically focusing on IT software packages, and is valued at £1,900,000. The contract period commenced on 1 November 2021 and will conclude on 31 October 2023. The procurement method employed was selective, utilising a call-off from a framework agreement, with the tender period concluding on 5 October 2021.

This tender presents significant opportunities for businesses, particularly those specialising in software development and data analytics, to engage with the government's Investment Security Unit, which is preparing for new responsibilities under the National Security & Investment Act 2021. Companies that align with this focus and can provide commercial data or IT solutions tailored to security assessments will be well positioned to compete. The potential for active involvement in future related projects also emphasises the accessibility of this procurement landscape for small and medium-sized enterprises.

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Notice Information

Notice Title

Provision of Investment Information to the Investment Security Unit

Notice Description

The National Security & Investment Act 2021 will come into force on 4 January 2022 and enhance the government's existing capabilities for examining and intervening to stop certain acquisitions that could harm the UK's national security. The government will be able to impose certain conditions on an acquisition and, in rare instances, unwind or block an acquisition completely. The Act is administered by the Investment Security Unit (ISU) within the Department. This contract will provide the ISU with commercial data to support ongoing and future casework.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8fc66dd1-c95d-48d9-a5fa-b09b29f61fda
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b5606af9-4dc1-4468-bf11-ea496e4507fa
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48517000 - IT software package

Notice Value(s)

Tender Value
£1,900,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,900,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
1 Nov 20214 years ago
Submission Deadline
5 Oct 2021Expired
Future Notice Date
Not specified
Award Date
27 Oct 20214 years ago
Contract Period
1 Nov 2021 - 31 Oct 2023 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
BUSINESS ENERGY AND INDUSTRIAL STRATEGY
Contact Name
Not specified
Contact Email
investment.screening@beis.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1H 0ET
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
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

BUREAU VAN DIJK ELECTRONIC PUBLISHING

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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