Award

ACBS Commercial Loan Servicing

UK EXPORT FINANCE

This public procurement record has 1 release in its history.

Award

17 Jan 2025 at 13:43

Award Notice
Summary of the contracting process

The procurement process for the "ACBS Commercial Loan Servicing" contract, managed by UK EXPORT FINANCE (legal name: UK Export Finance), involves the acquisition of industry-specific software to handle loan servicing requirements. This contract falls within the services category and is valued at GBP 3,512,385. The procurement method used was a negotiated procedure without prior publication, indicating a limited procurement approach. The process is at the award stage, with the active award dated 20th December 2024, and the contract period running from 31st December 2024 to 31st January 2027. The project is to be delivered at the UK EXPORT FINANCE location in London, SW1A 2HQ.

This tender represents a significant business growth opportunity, particularly for large-scale enterprises experienced in providing specialised software solutions for financial services. SMEs and VCSEs might find this specific tender challenging due to scale suitability requirements. The awarded supplier, FIS Capital Markets US LLC, a globally recognised player in the financial software market, underscores the high competency level expected. Businesses capable of offering robust and sophisticated software infrastructure can leverage such opportunities to enhance their portfolio and establish long-term engagements with government financial bodies.

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Notice Information

Notice Title

ACBS Commercial Loan Servicing

Notice Description

Software to manage UKEF loan servicing requirement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-bf576b67-ddd8-4e68-9bf0-19c072738484
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e3fec713-696b-4494-996b-7eb897c0700b
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

48 - Software package and information systems

CPV Codes

48100000 - Industry specific software package

Notice Value(s)

Tender Value
£3,512,385 £1M-£10M
Lots Value
Not specified
Awards Value
£3,512,385 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
17 Jan 20251 years ago
Submission Deadline
20 Dec 2024Expired
Future Notice Date
Not specified
Award Date
20 Dec 20241 years ago
Contract Period
31 Dec 2024 - 31 Jan 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
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 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

FIS CAPITAL MARKETS US

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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