Award

Credit Rating Benchmarking Tool

H M REVENUE & CUSTOMS

This public procurement record has 1 release in its history.

Award

15 Jun 2021 at 07:48

Award Notice
Summary of the contracting process

The public procurement process involves HM Revenue & Customs (HMRC) procuring a Credit Rating Benchmarking Tool, aimed at enhancing the valuation checks of financial instruments in the banking sector. The procurement method is a direct award through a single tender action, with the contract valued at £67,432. The tendering phase concluded on 12 April 2021, while the contract commenced on 15 April 2021 and will run until 14 April 2022. The contract is categorised under services, specifically related to added-value database services, and is based in the United Kingdom, with an award status that remains active as of 15 June 2021.

This tender presents an opportunity for businesses specialising in database services and financial technology solutions, particularly those that can demonstrate added value in analytical tools. Small and medium-sized enterprises (SMEs) are encouraged to consider participation, as the contract is suitable for them, allowing for growth and potential collaboration with HMRC. Companies equipped with a strong understanding of the banking sector and compliance frameworks will be well-positioned to compete effectively in this procurement process.

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Notice Information

Notice Title

Credit Rating Benchmarking Tool

Notice Description

HMRC require a tool to help to check the valuation of Financial Instruments used in the banking sector

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-db7fe39d-b4a7-46ee-837a-d48a5de1be6a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/efce38d5-423f-4bd5-969c-6976ca23e250
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

72321000 - Added-value database services

Notice Value(s)

Tender Value
£67,432 Under £100K
Lots Value
Not specified
Awards Value
£67,432 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
15 Jun 20214 years ago
Submission Deadline
12 Apr 2021Expired
Future Notice Date
Not specified
Award Date
11 Apr 20214 years ago
Contract Period
14 Apr 2021 - 14 Apr 2022 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
Not specified
Local Authority
Salford
Electoral Ward
Ordsall
Westminster Constituency
Salford

Supplier Information

Number of Suppliers
1
Supplier Name

MOODY'S ANALYTICS

Further Information

Notice Documents

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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