Award

S&P Subscriptions

UK EXPORT FINANCE

This public procurement record has 2 releases in its history.

AwardUpdate

09 Oct 2024 at 16:22

Award Notice
Award

09 Oct 2024 at 15:43

Award Notice
Summary of the contracting process

UK Export Finance has awarded a contract for "S&P Subscriptions" to S&P Global Market Intelligence. The contract pertains to subscription services classified under CPV code 79980000. The procurement process was governed by a limited procurement method, specifically a negotiated procedure without prior publication, and has now reached the completed stage. The contract covers S&P Credit Rating services and is valued at £591,281 GBP. The contract commenced on 22nd September 2024 and will conclude on 21st September 2027. The primary location for delivery is at UK Export Finance's address in London, SW1A 2HQ.

This procurement offers opportunities for businesses that provide specialised subscription services, notably in financial and credit rating sectors, to partner with prominent government organisations. Companies with the capability to deliver high-quality, large-scale subscription services stand to benefit significantly from such government contracts. Although the specific procedure followed here did not cater to SMEs or VCSEs, this structured engagement exemplifies a stable revenue-generating opportunity for suitable large enterprises offering niche financial services. Moreover, this contract underlines the potential for strategic negotiations and direct procurement channels without prior publication.

How relevant is this notice?

Notice Information

Notice Title

S&P Subscriptions

Notice Description

Subscription to S&P Credit Rating services.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a7329b7a-9ea6-4863-a67e-621224e18984
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e56b0233-f3f6-41dd-9347-35dc9658b44f
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Negotiated procedure without prior publication (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79980000 - Subscription services

Notice Value(s)

Tender Value
£591,281 £500K-£1M
Lots Value
Not specified
Awards Value
£591,281 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
9 Oct 20241 years ago
Submission Deadline
21 Sep 2024Expired
Future Notice Date
Not specified
Award Date
21 Sep 20241 years ago
Contract Period
21 Sep 2024 - 21 Sep 2027 2-3 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
UK EXPORT FINANCE
Contact Name
Carl Jarvis
Contact Email
carl.jarvis@ukexportfinance.gov.uk
Contact Phone
07786965712

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

S&P GLOBAL MARKET INTELLIGENCE

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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