Planning

UK Export Finance - Upcoming procurement for a political and credit risk insurance & brokerage services framework agreements

DEPARTMENT FOR INTERNATIONAL TRADE

This public procurement record has 4 releases in its history.

Planning

13 Dec 2021 at 16:54

Planning

13 Dec 2021 at 16:14

Planning

13 Dec 2021 at 16:05

Planning

13 Dec 2021 at 12:01

Summary of the contracting process

The Department for International Trade is planning an upcoming procurement for political and credit risk insurance and brokerage services framework agreements. The tender, titled "UK Export Finance - Upcoming procurement for a political and credit risk insurance & brokerage services framework agreements," falls under the financial and insurance services industry category. Key preliminary activities are underway, with a planned future notice expected on 31 January 2022 and an anticipated contract period commencing on 1 June 2022, lasting through to 31 May 2026. The estimated contract value is £250 million, with a minimum threshold of £50 million.

This procurement presents significant opportunities for businesses specialising in financial services, particularly those experienced in insurance brokerage and risk management. Small to medium-sized enterprises (SMEs) may find this tender especially suitable, as the procurement has been structured to encourage their participation. Businesses that can register their interest through the specified e-tendering portal will benefit from the potential to support UK Export Finance’s requirements and enhance their market presence through strategic partnerships in this sector.

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Notice Title

UK Export Finance - Upcoming procurement for a political and credit risk insurance & brokerage services framework agreements

Notice Description

Political Risk Insurance Framework (Brokerage Services and UK Export Finance ("the Authority") has a potential requirement for framework agreements for political and credit risk insurance & brokerage services . The proposed procurement will entail services for the proposed framework agreement for both the Brokerage services and insurance panel in relation to political and credit risk. Lot structure: * Lot 1 Insurance brokerage services *Lot 2 Insurance panel The purpose of this Prior Information Notice (PIN) is a development to publication of the Prior Information Notice (PIN) in July 2021 (Reference: https://www.find-tender.service.gov.uk/Notice/017283-2021 ), In July 2021, the Department for International Trade on behalf of UK Export Finance sought feedback from the supplier market on some preliminary elements of scope via qualitative questionnaire. The market engagement was effective, a broad selection of interested Potential Service providers participated through qualitative questionnaire and raised clarification questions. This approach allowed the Authority to gain some insights and test the market's capacity and capability to deliver the requirement as currently described. The approach set out our initial thinking and has subsequently evolved in light of feedback received from the market, internally and lessons learned. We have been working to further refine and develop our proposition. A prospectus describing the requirement will be made available from via the jaggaer e-tendering portal to potential service providers service providers who register an interest against this PIN All communications to / from shall be via the e-tendering portal: https://uktrade.app.jaggaer.com/web/login.html (Go to > view opportunities > Current Opportunities) Additional information: If you wish to register an interest, please send an email via the Authority e-tendering Portal, clearly stating 'expression of interest' in the subject line including the following information: - Name of Contact; - Name of Organisation; - Outline description of the organisation; - Contact's email address; and - Contact's telephone number. The Authority will be using the Portal to manage expressions of interest and all communications will be made through the Portal: https://uktrade.app.jaggaer.com/web/login.html This PIN is released for market sounding purposes only. This PIN does not formally signify the beginning of any procurement exercise by the authority, nor does it constitute a commitment by the authority to undertake a procurement. However, in the event that the authority decides to formally commence a procurement pursuant to this PIN, a separate contract notice will be published. If a separate contract notice is published the authority may rely on the publication of this notice to utilise the minimum time-frames permissible for the receipt of tenders and stages of a procurement.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-aaf968ed-2433-4a19-8913-2904abf5593a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7d62ef85-2797-457a-ae30-0a8176bac667
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planned Procurement Notice
Procurement Type
Framework
Procurement Category
Not specified
Procurement Method
Not Specified
Procurement Method Details
Tender Suitability
SME
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
£250,000,000 £100M-£1B
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
13 Dec 20214 years ago
Submission Deadline
Not specified
Future Notice Date
31 Jan 2022Expired
Award Date
Not specified
Contract Period
31 May 2022 - 31 May 2026 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR INTERNATIONAL TRADE
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 2BL
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

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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