Award

Insolvency Analytics Solution

H M REVENUE & CUSTOMS

This public procurement record has 2 releases in its history.

Award

20 Feb 2017 at 11:19

Award Notice
Tender

18 Nov 2016 at 20:16

Tender Notice
Summary of the contracting process

The procurement process pertains to the "Insolvency Analytics Solution" initiated by H M Revenue & Customs (HMRC) located in London, England. The project seeks a partner to collaborate with HMRC's technical specialists to develop a predictive analytics solution aimed at managing insolvency risk. Currently in the Award stage, the tender for this project opened on 19 July 2016 and originally closed on 15 August 2016, with a contract period spanning from 3 January 2017 to 31 December 2017. The total maximum budget for this procurement is set at £5 million, with a minimum contract value of £2 million, and the method used for procurement is the open procedure under the main category of services, specifically focusing on financial information systems.

This tender represents a lucrative opportunity for businesses specialising in financial consultancy, data analysis services, and programming of application software. Firms with a strong track record in modelling insolvency risk, particularly those experienced in collaborating with tax administrations or financial institutions, would find this opportunity particularly well-suited. The collaboration with HMRC could facilitate valuable knowledge transfer and provide the winning supplier with significant visibility and credibility within the public sector, which could lead to further growth opportunities in similar contracts.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Insolvency Analytics Solution

Notice Description

HM Revenue & Customs (HMRC) are tendering for a partner to work alongside internal technical specialists in the development of an Insolvency Analytics Solution for managing insolvency risk. To assist HMRC to bring in the tax owed to the Exchequer, we are seeking expertise and support from an external partner for the development of a predictive analytics solution that will alert us to emerging insolvency risk. The external partner must have highly relevant experience of modelling insolvency risk, for example from working on projects of a similar scale for other tax administrations, major retail banks, telecommunication or utility companies. HMRC will provide its own technical specialists to work with the external partner to create the analytics solution, using (as a minimum) HMRC existing data and tools. During the development the partner will be required to co-locate within HMRC premises and take a 'knowledge transfer' approach to provide our staff with the knowledge, skills, and technical documentation needed to iterate and adjust the analytical solution with little or no ongoing support. A requirement will be for HMRC to own the Intellectual Property Rights for the eventual analytics solution. HMRC is currently undergoing a major IT transformation. The analytics solution must be developed in a manner that will allow it to be readily integrated into, and used on, HMRC's IT infrastructure platforms. It will also need to be sufficiently flexible for HMRC to adjust or rebuild it to retain its functionality after any changes to HMRC's IT infrastructure. HMRC will project manage the overall insolvency analytics project to deliver the solution to operational teams, but the contractor will be required to provide the resource and the plan to manage their analysts and their work, feeding into the overall HMRC Project as a specific work stream. HMRC is not seeking to procure any additional IT or data analytics tools as part of this procurement. The estimated maximum value of PS5 million is the total maximum budget including contingency and tendered charges therefore must be within this budget. Additional information: For further information in respect of this Notice please contact: Tony Fellowes tel: 03000 587724 email tony.fellowes@hmrc.gsi.gov.uk Ken Webster tel: 03000 587719 email ken webster@hmrc.gsi.gov.uk

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c7e22133-adc9-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/04b283bd-9a39-463e-89c1-e6768c6b1bb3
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

66 - Financial and insurance services

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

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

CPV Codes

48812000 - Financial information systems

66171000 - Financial consultancy services

72212000 - Programming services of application software

72316000 - Data analysis services

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£5,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£3,747,008 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
20 Feb 20179 years ago
Submission Deadline
15 Aug 2016Expired
Future Notice Date
Not specified
Award Date
29 Dec 20169 years ago
Contract Period
2 Jan 2017 - 5 Sep 2017 6-12 months
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
H M REVENUE & CUSTOMS
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SALFORD
Postcode
M60 9LA
Post Town
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD34 Greater Manchester South West
Delivery Location
TLI London
Local Authority
Salford
Electoral Ward
Ordsall
Westminster Constituency
Salford

Supplier Information

Number of Suppliers
1
Supplier Name

MCKINSEY

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-c7e22133-adc9-11e6-9901-0019b9f3037b-2017-02-20T11:19:49Z",
    "date": "2017-02-20T11:19:49Z",
    "ocid": "ocds-b5fd17-c7e22133-adc9-11e6-9901-0019b9f3037b",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "1605-PSCR-1428/2",
        "title": "Insolvency Analytics Solution",
        "description": "HM Revenue & Customs (HMRC) are tendering for a partner to work alongside internal technical specialists in the development of an Insolvency Analytics Solution for managing insolvency risk. To assist HMRC to bring in the tax owed to the Exchequer, we are seeking expertise and support from an external partner for the development of a predictive analytics solution that will alert us to emerging insolvency risk. The external partner must have highly relevant experience of modelling insolvency risk, for example from working on projects of a similar scale for other tax administrations, major retail banks, telecommunication or utility companies. HMRC will provide its own technical specialists to work with the external partner to create the analytics solution, using (as a minimum) HMRC existing data and tools. During the development the partner will be required to co-locate within HMRC premises and take a 'knowledge transfer' approach to provide our staff with the knowledge, skills, and technical documentation needed to iterate and adjust the analytical solution with little or no ongoing support. A requirement will be for HMRC to own the Intellectual Property Rights for the eventual analytics solution. HMRC is currently undergoing a major IT transformation. The analytics solution must be developed in a manner that will allow it to be readily integrated into, and used on, HMRC's IT infrastructure platforms. It will also need to be sufficiently flexible for HMRC to adjust or rebuild it to retain its functionality after any changes to HMRC's IT infrastructure. HMRC will project manage the overall insolvency analytics project to deliver the solution to operational teams, but the contractor will be required to provide the resource and the plan to manage their analysts and their work, feeding into the overall HMRC Project as a specific work stream. HMRC is not seeking to procure any additional IT or data analytics tools as part of this procurement. The estimated maximum value of PS5 million is the total maximum budget including contingency and tendered charges therefore must be within this budget. Additional information: For further information in respect of this Notice please contact: Tony Fellowes tel: 03000 587724 email tony.fellowes@hmrc.gsi.gov.uk Ken Webster tel: 03000 587719 email ken webster@hmrc.gsi.gov.uk",
        "datePublished": "2016-07-19T09:30:37+01:00",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "48812000",
            "description": "Financial information systems"
        },
        "additionalClassifications": [
            {
                "scheme": "CPV",
                "id": "66171000",
                "description": "Financial consultancy services"
            },
            {
                "scheme": "CPV",
                "id": "72316000",
                "description": "Data analysis services"
            },
            {
                "scheme": "CPV",
                "id": "79400000",
                "description": "Business and management consultancy and related services"
            },
            {
                "scheme": "CPV",
                "id": "72212000",
                "description": "Programming services of application software"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "minValue": {
            "amount": 2000000,
            "currency": "GBP"
        },
        "value": {
            "amount": 5000000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2016-08-15T23:59:59+01:00"
        },
        "contractPeriod": {
            "startDate": "2017-01-03T00:00:00Z",
            "endDate": "2017-12-31T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/525b1efb-4d4f-45c9-8f06-9dc13c02784d",
                "datePublished": "2016-07-19T09:30:37+01:00",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "2",
                "documentType": "application/msword",
                "description": "Invitation to Tender Instructions",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/7a29f92c-ae83-4d3e-b666-0c337d964a54",
                "format": "application/msword"
            },
            {
                "id": "3",
                "documentType": "application/vnd.openxmlformats-officedocument.wordprocessingml.document",
                "description": "Registration and Additional information",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/043db797-b163-4437-a145-3866e399f539",
                "format": "application/vnd.openxmlformats-officedocument.wordprocessingml.document"
            },
            {
                "id": "4",
                "documentType": "application/msword",
                "description": "Draft Contract",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/8418a271-c9a2-4a84-834b-3c0bcab9fa23",
                "format": "application/msword"
            },
            {
                "id": "5",
                "documentType": "tenderNotice",
                "description": "Contracts Notice Published in OJEU",
                "url": "http://ted.europa.eu/udl?uri=TED:NOTICE:247533-2016:TEXT:EN:HTML&src=0"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-GOR-D25",
            "name": "H M Revenue & Customs",
            "identifier": {
                "legalName": "H M Revenue & Customs",
                "scheme": "GB-GOR",
                "id": "D25"
            },
            "address": {
                "streetAddress": "Ralli Quays, Stanley Street",
                "locality": "Salford",
                "postalCode": "M60 9LA",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Tony Fellowes",
                "email": "tony.fellowes@hmrc.gsi.gov.uk",
                "telephone": "03000 587724"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-47560",
            "name": "McKinsey & Company Inc",
            "identifier": {
                "legalName": "McKinsey & Company Inc"
            },
            "address": {
                "streetAddress": "No.1 Jermyn Street London, SW1Y 4UH"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-GOR-D25",
        "name": "H M Revenue & Customs"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-c7e22133-adc9-11e6-9901-0019b9f3037b-1",
            "status": "active",
            "date": "2016-12-29T00:00:00Z",
            "datePublished": "2017-02-20T11:19:49Z",
            "value": {
                "amount": 3747008,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-47560",
                    "name": "McKinsey & Company Inc"
                }
            ],
            "contractPeriod": {
                "startDate": "2017-01-02T00:00:00Z",
                "endDate": "2017-09-05T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/04b283bd-9a39-463e-89c1-e6768c6b1bb3",
                    "datePublished": "2017-02-20T11:19:49Z",
                    "format": "text/html",
                    "language": "en"
                },
                {
                    "id": "2",
                    "documentType": "application/msword",
                    "description": "Invitation to Tender Instructions",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/6de99a9e-56b8-44d4-8a99-ffd2711a265d",
                    "format": "application/msword"
                },
                {
                    "id": "3",
                    "documentType": "application/vnd.openxmlformats-officedocument.wordprocessingml.document",
                    "description": "Registration and Additional information",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/115971c5-2044-4e5d-8b0e-8830d1d649cc",
                    "format": "application/vnd.openxmlformats-officedocument.wordprocessingml.document"
                },
                {
                    "id": "4",
                    "documentType": "application/msword",
                    "description": "Draft Contract",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/11ae0058-96a7-4ec5-98ed-6e8b7455d210",
                    "format": "application/msword"
                },
                {
                    "id": "5",
                    "documentType": "tenderNotice",
                    "description": "Contracts Notice Published in OJEU",
                    "url": "http://ted.europa.eu/udl?uri=TED:NOTICE:247533-2016:TEXT:EN:HTML&src=0"
                },
                {
                    "id": "6",
                    "documentType": "contractNotice",
                    "description": "Redacted Contract",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/SupplierAttachment/d9b4abc2-d4ce-4a6d-83e8-bf7dd79021da",
                    "format": "application/msword"
                }
            ]
        }
    ]
}