Award

CON 2244 Risk /Credit Rating system

UK INFRASTRUCTURE BANK LIMITED

This public procurement record has 1 release in its history.

Award

05 Dec 2023 at 14:26

Award Notice
Summary of the contracting process

The UK Infrastructure Bank (UKIB) has awarded a contract for the procurement of a Risk/Credit Rating system to S&P Global Market Intelligence LLC. The contract, valued between £626,516.00 and £742,320.00 excluding VAT, has a start date of November 2023 and a 3 year subscription period. The procurement method used was an Open procedure above the threshold. The services required include analytical tools for credit scoring and historical credit data relevant to infrastructure, project finance, and corporate exposures.

This tender by UKIB presents an opportunity for businesses involved in IT services, consulting, software development, Internet, and support. The contract period spans from November 2023 to October 2026, providing a potential long-term engagement. Businesses specialising in risk management, financial analytics, and credit assessment are well-suited to compete in this tender process. The procurement location includes regions such as London and Yorkshire and the Humber in the United Kingdom, offering a broad geographical scope for interested businesses.

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Notice Information

Notice Title

CON 2244 Risk /Credit Rating system

Notice Description

The UK Infrastructure Bank ("UKIB") is a government-owned policy bank, focused on increasing infrastructure investment across the United Kingdom. UKIB is providing PS22bn of infrastructure finance to tackle climate change and support regional and local economic growth across the UK. UKIB has grown at pace, resourcing key functions to enable it to undertake both local authority and private sector lending. Given UKIB's growing portfolio of assets and relationships, UKIB wishes to further strengthen its existing financial risk framework and due diligence processes by procuring specific tools to assess, measure and manage credit risk, counterparty and environmental, social and governance (ESG) financial risk as further described below. The key objectives for the services are the provision of: - an analytical tool / scorecards to generate independent and market calibrated credit scores and expected recovery rates on infrastructure, project finance and corporate exposures and provide the underlying credit ratings mapping to probability of default; and - long-term historical credit data relevant to infrastructure, project finance and corporate exposures to support detailed analysis of probability of default, loss given default / recovery rates and correlations across different sub sections (including geography, sub-sector). The service will need to include embedded environmental, social and governance ("ESG") factors to support an holistic approach to risk. Ideally the service will provide the ability to take into account ESG data, scores and screening in credit rating and assessment. The scorecards / database must cover project finance, infrastructure finance and corporate borrowers and the credit database must include data relating to UKIB's strategic sectors (water, energy, transport, digital and waste). The contract shall commence in November 2023 and the credit rating / scorecard service products shall have a 3 year subscription period. The other service products for which a subscription is provided as part of the solution will be taken out on a 1 year basis with an option to extend for two further 1 year periods. The value of the contract will range between PS626,516.00 and PS742,320.00 excluding VAT depending on the execution of available extension options.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-bf137cbc-6cfb-4418-a51a-08bf5823b041
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8b81b616-1a52-4ecb-b2ed-03a60efe0ab8
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£742,320 £500K-£1M
Lots Value
Not specified
Awards Value
£742,320 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
5 Dec 20232 years ago
Submission Deadline
25 Aug 2023Expired
Future Notice Date
Not specified
Award Date
24 Oct 20232 years ago
Contract Period
1 Nov 2023 - 31 Oct 2026 3-4 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 INFRASTRUCTURE BANK LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 4DW
Post Town
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
TLE Yorkshire and The Humber, TLI London
Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

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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