Award

UK SBS IT17530 Innovate UK Innovation Loans Portfolio Model

UK SHARED BUSINESS SERVICES LIMITED

This public procurement record has 3 releases in its history.

Award

27 Feb 2018 at 11:52

TenderAmendment

31 Jan 2018 at 13:02

Tender

19 Jan 2018 at 16:03

Summary of the contracting process

The procurement process, initiated by UK Shared Business Services Limited, involves a tender titled "UK SBS IT17530 Innovate UK Innovation Loans Portfolio Model" in the IT services and software package industry. The tender period ended on 5th February 2018, and the contract period started on 26th February 2018, running until 30th June 2018. This contract, with an awarded amount of £22,500, aimed to procure a functional Loan Portfolio Model to support the forecasting and recording of a prospective loan portfolio of up to £50 million. The procurement method used was an open procedure, which allows for broad participation from qualified suppliers.

This tender presents a valuable opportunity for small and medium-sized enterprises (SMEs) that specialise in IT services, particularly those focused on software development and financial modelling. Companies that can provide innovative solutions for forecasting loan and portfolio performance, as well as those experienced in delivering related IT services, would be well-positioned to compete. Participating in such tenders can help businesses enhance their visibility and establish fruitful relationships within the public sector.

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Notice Title

UK SBS IT17530 Innovate UK Innovation Loans Portfolio Model

Notice Description

PLEASE NOTE THIS CONTRACT HAS NOW BEEN AWARDED. PLEASE REFER TO THE AWARD DETAILS BELOW. Innovate UK is seeking to procure a Loan Portfolio Model to support the forecasting and recording of a prospective portfolio of up to PS50m, shared across around 100 transactions. This procurement is for the functional model only and will not require consultancy or advice on the underpinning assumptions around items such as maturities, probability of default or forecast loss given default, for example. The aim of the procurement is to procure a functional model that enables: * Forecasting of loan and portfolio performance based on key assumptions; * Forecasting of loan and portfolio performance based on actuals; and * Output of reports in a format suitable for review by the Innovation Loans credit function and the Innovate UK finance function Additional information: Note: Please disregard any content in this notice that requests your organisation "to apply directly to the buyer" as this unfortunately a system generated error, that is outside of the Contracting Authorities control. As part of the strategic alliance between UK Shared Business Services Ltd (UK SBS) and Crown Commercial Service (CCS), UK SBS can use the CCS eSourcing Suite for future procurements. If you have not yet registered on the eSourcing Suite, this can be done online at https://gpsesourcing.cabinetoffice.gov.uk by following the link 'Register for CCS eSourcing'. Please note that, to register, you must have a valid DUNS number (as provided by Dun and Bradstreet) for the organisation which you are registering, who will be entering into a contract if invited to do so. Once you have registered on the eSourcing Suite, a registered user can express an interest for a specific procurement. This is done by emailing Expressionofinterest@crowncommercial.gov.uk Your email must clearly state: the name and reference for the procurement you wish to register for; the name of the registered Bidder; and the name and contact details for the registered individual sending the email. Crown Commercial Service will process the email and then enable the Bidder to access the procurement online via the e-Sourcing Suite. The registered user will receive a notification email to alert them once this has been done. The Sourcing documents can then be accessed on the eSourcing Suite at: https://gpsesourcing.cabinetoffice.gov.uk using the instructions detailed in the Specification documents within Contracts Finder. As a user of the e-Sourcing Suite you will have access to Emptoris email messaging service which facilitates all messages sent to you and from you in relation to any specific RFX event. Please note it is your responsibility to access these emails on a regular basis to ensure you have sight of all relevant information. For technical assistance on use of the e-Sourcing Suite please contact Crown Commercial Service Helpdesk : Telephone: 0345 010 3503 Training documents to support Bidders utilise Emptoris CCS eSourcing are available in the Contracts Finder Tender documents section.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cb7df718-7bdf-4d34-982b-e8b84073fb9d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/aba608ab-42b1-4cae-bd2d-6e5d3b3a1b45
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 (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

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


CPV Codes

48000000 - Software package and information systems

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

Notice Value(s)

Tender Value
£30,000 Under £100K
Lots Value
Not specified
Awards Value
£22,500 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Feb 20187 years ago
Submission Deadline
5 Feb 2018Expired
Future Notice Date
Not specified
Award Date
21 Feb 20188 years ago
Contract Period
26 Feb 2018 - 30 Jun 2018 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
UK SHARED BUSINESS SERVICES LIMITED
Contact Name
Not specified
Contact Email
ictprocurement@uksbs.co.uk
Contact Phone
Not specified

Buyer Location

Locality
SWINDON
Postcode
SN2 1FF
Post Town
Swindon
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
Not specified

Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

Supplier Information

Number of Suppliers
1
Supplier Name

GRIDLINES GROUP

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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