Award

PS23094 - Credit Bureau Data Analyst - ITQ

DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY

This public procurement record has 1 release in its history.

Award

15 Jun 2023 at 07:28

Award Notice
Summary of the contracting process

The Department for Business, Energy & Industrial Strategy has awarded a contract for the provision of credit bureau data analysis services. The procurement method used was a competitive quotation process below the threshold with a contract value of £100,000. The procurement process started on April 17, 2023, and the contract is effective from June 14, 2023, to March 31, 2025. The award was made to RH INITIATIVES LTD, based in London. The analysis will be used by various government departments to monitor economic preparedness and recovery.

This procurement opportunity is suitable for small and medium enterprises (SMEs) as the Department aims to gather insights on businesses' ability to navigate economic challenges post-pandemic and post-Brexit. Businesses in the financial consultancy and market research sectors are well-suited to compete for this tender. The contract is expected to contribute to shaping government policies and aiding economic recovery efforts in the UK and beyond.

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Notice Information

Notice Title

PS23094 - Credit Bureau Data Analyst - ITQ

Notice Description

***** THIS IS AN AWARD NOTICE, NOT A CALL FOR COMPETITION ***** This procurement is being concluded following a competitive procurement exercise. Brief Description of Requirement The Department uses credit bureau analysis to promote Government understanding of businesses' (and especially SMEs') ability to cope with the impact of the pandemic, post-EU exit adjustment, and inflationary and interest rate pressures, etc. to help shape the Department's priorities and inform current and future policies. As well as the Department for Business and Trade, other customers for the project include HMT, Cabinet Office (CO), DCMS, DEFRA and DfE. The findings and analysis will be used in Cross-Whitehall monitoring work on preparedness and economic surveillance coordinated by the Cabinet Office, the SoS's Business Finance Council as well as the Department's/BBB's workstreams responding to the economic and financial situation of SMEs and promoting economic recovery. HMT and CO also use Experian data; the on-boarding of a leading UK expert in credit bureau data will make the Department's analysis more influential and impactful. Any reports produced by the successful bidder will be in the ownership of the Department. The findings will also be used in internal policy discussions such as with the Business Finance Assurance Board.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-98299901-1169-4e70-a69e-0a9070891521
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/36cea9c6-793b-4427-81cd-7e8eb24e7dbd
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
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

CPV Codes

66170000 - Financial consultancy, financial transaction processing and clearing-house services

79300000 - Market and economic research; polling and statistics

Notice Value(s)

Tender Value
£100,000 £100K-£500K
Lots Value
Not specified
Awards Value
£94,400 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
15 Jun 20232 years ago
Submission Deadline
17 Apr 2023Expired
Future Notice Date
Not specified
Award Date
1 Jun 20232 years ago
Contract Period
13 Jun 2023 - 31 Mar 2025 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
DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY
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

RH INITIATIVES

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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