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C1345 - Climate Physical Risk Assessment Services

UK INFRASTRUCTURE BANK LIMITED

This public procurement record has 7 releases in its history.

Award

19 Aug 2026 at 14:31

UK7 - Contract Details Notice
TenderUpdate

01 Jun 2026 at 10:33

UK4 - Tender Notice
TenderUpdate

26 May 2026 at 19:43

UK4 - Tender Notice
Tender

26 May 2026 at 19:24

UK4 - Tender Notice
PlanningUpdate

17 Mar 2026 at 09:11

UK2 - Preliminary Market Engagement Notice
PlanningUpdate

16 Mar 2026 at 16:08

UK2 - Preliminary Market Engagement Notice
Planning

16 Mar 2026 at 15:57

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

National Wealth Fund Limited procured climate physical risk assessment services for its investment portfolio across the United Kingdom. The requirement combines a digital tool or platform with implementation, configuration, support, training and knowledge transfer. The service is intended to identify, assess, quantify and interpret acute and chronic physical climate risks at asset, transaction and portfolio level. It must provide data ingestion, risk modelling, visualisation, portfolio aggregation and translation of climate risks into financial and credit impacts. Outputs are for investment decisions, portfolio monitoring and reporting, including technical and financial risk metrics, mapping and scenario analysis. The supplier must provide a transparent, robust and auditable methodology, with documented data sources, assumptions and limitations, aligned to public-sector governance, auditability and data-security requirements. This is an environmental risk, management and IT-enabled service.

The procurement is complete and the contract was awarded to SmartResilience Ltd. The open, below-threshold competition used one lot and evaluated bids by price per quality point. Participation conditions were set out in the Qualification Questionnaire in Appendix 6 of the Invitation to Tender. The estimated lot value was £100,000 excluding VAT, or £120,000 including VAT. The contract value is £78,640 excluding VAT, or £94,368 including VAT. The contract was signed on 24 July 2026 and runs from 30 July 2026 to 29 July 2027, with an option to extend to 29 July 2028. Electronic submission was allowed, and suppliers were required to hold an active Central Digital Platform account and provide a Share Code and supplier information file. The contract is active.

This award demonstrates demand from a central-government investment institution for specialist climate physical-risk capability delivered through both technology and professional services. Relevant suppliers would need to combine climate science, environmental risk assessment and software implementation, rather than provide a standalone consultancy report or generic data platform. Credibility depends on modelling acute and chronic hazards at asset and portfolio scale, integrating location-specific data, and translating results into financial, credit and investment-risk measures. Strong candidates would also need demonstrable data governance, transparent and auditable methodologies, clear treatment of assumptions and limitations, secure handling of investment information, and the ability to configure, support and train users. The requirement also favours suppliers able to transfer knowledge so the client can operate and interpret the solution independently, with experience of public-sector governance, monitoring and reporting.

How relevant is this notice?

Notice Information

Notice Title

C1345 - Climate Physical Risk Assessment Services

Notice Description

The National Wealth Fund (NWF) is seeking to appoint a supplier to provide climate physical risk assessment services, including a digital tool/platform and associated implementation, support and knowledge transfer. The service will enable NWF to identify, assess, quantify and interpret physical climate risks (both acute and chronic) across its investment portfolio at asset, transaction and portfolio level. The solution must support end-to-end workflow capability, including data ingestion, risk modelling, visualisation, portfolio aggregation and translation of climate risks into financial and credit impacts. Suppliers must provide a robust, transparent and auditable methodology, with clear documentation of underlying data sources, assumptions and limitations. Outputs must be suitable for investment decision-making, portfolio monitoring and reporting, including provision of technical and financial risk metrics, mapping and scenario-based analysis. The scope includes onboarding, configuration, user support and training, alongside comprehensive knowledge transfer to ensure NWF can independently operate and interpret the solution. The Supplier is expected to deliver high-quality outputs aligned to public sector governance, auditability and data security requirements. The Contract will support NWF in embedding climate risk considerations into investment processes, strengthening risk management capability and supporting its strategic objective to address climate change and deliver sustainable economic growth.

Lot Information

Lot 1

Renewal: The contract shall be awarded for an initial term of one (1) year, with an option to extend for a further of one (1) year, at NWF's discretion.

Planning Information

The National Wealth Fund (“NWF”), successor to the UK Infrastructure Bank, has been established to drive the nation's growth by creating a stable investment environment and mobilising private capital to align with the UK Government's strategic priorities. As NWF we will support a wider range of sectors beyond infrastructure, aligning with the Government's industrial strategy. NWF have a total capital of £27.8 billion, with at least £5.8 billion dedicated to green hydrogen, carbon capture, ports, gigafactories, and green steel. This aligns with the principle of achieving policy objectives via sound banking. Our private sector function will provide corporate and project finance and invest across the capital structure, including senior debt, mezzanine, guarantees and equity. Our local authority function will lend to local authorities at a preferential rate for high value and strategic projects of at least £5 million. NWF is undertaking a Request for Information (RFI) to engage with the market ahead of a potential future procurement for climate risk analysis services. The purpose of this RFI is to improve NWF’s understanding of available solutions, tools, delivery models and indicative costs for climate scenario modelling and asset‑level physical risk assessment. The scope of interest includes top‑down climate scenario analysis (covering transition and physical risks) and bottom‑up, location‑specific physical risk assessment methodologies, as well as how these approaches can be integrated to inform strategic planning, investment decision‑making and portfolio risk management. Responses will help NWF assess market capability, data availability, methodological transparency, and potential sourcing options (including single‑supplier, multi‑supplier or hybrid delivery models). This RFI forms part of a pre‑market engagement exercise only. It does not constitute a commitment to procure, nor will responses be evaluated or scored. Participation (or non‑participation) will not affect any supplier’s position in any future procurement. This information will support NWF in understanding current market offerings, identifying innovative and efficient approaches, and informing development of a potential future procurement strategy. Interested suppliers should note that the procurement strategy and timetable have not been finalised at this stage. Any estimated contract dates and contract value published as part of this Notice are purely for publishing purposes. NWF takes a framework first approach. Depending on the outcomes of the RFI, the competition may be run through either a DPS or a CCS framework. How to respond Interested suppliers are invited to submit a written response addressing the questions set out in Schedule 2 of the RFI document. Responses must be submitted via the eSourcing Portal (Atamis) by 12:00 noon on Monday 6 April 2026. Clarification questions should be submitted by 12:00 noon on Friday 27 March 2026, with responses issued via a clarifications log. To access, please register on Atamis, available on the following link:  https://atamis-3929.my.site.com/s/Welcome https://atamis-3929.my.salesforce-sites.com/ProSpend__CS_ContractPage?SearchType=Projects&uid=a07Q500001PNAzqIAH&searchStr=&sortStr=Recently+Published&page=2&filters=&County= Atamis guidance To access user guidance that shows how to access opportunities, create and submit bids and to send clarification requests through the message centre, please click here: https://suppliersupport.atamis.co.uk/hc/en-gb and https://services.atamis.co.uk/docs/Supplier_User_Guide.pdf

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-066b64
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/079058-2026
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Below threshold - open competition
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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

90 - Sewage, refuse, cleaning and environmental services

CPV Codes

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

90700000 - Environmental services

90710000 - Environmental management

90711100 - Risk or hazard assessment other than for construction

Notice Value(s)

Tender Value
£100,000 £100K-£500K
Lots Value
£100,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£78,640 Under £100K

Notice Dates

Publication Date
19 Aug 20263 weeks ago
Submission Deadline
12 Jun 2026Expired
Future Notice Date
30 Apr 2026Expired
Award Date
Not specified
Contract Period
30 Jul 2026 - 29 Jul 2027 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

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 4HR
Postcode Area
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
Not specified
Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Supplier Information

Number of Suppliers
1
Supplier Name

SmartResilience Ltd

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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