--- title: "CON 2244 Risk /Credit Rating system" ocid: "ocds-b5fd17-bf137cbc-6cfb-4418-a51a-08bf5823b041" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-bf137cbc-6cfb-4418-a51a-08bf5823b041" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-bf137cbc-6cfb-4418-a51a-08bf5823b041.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-bf137cbc-6cfb-4418-a51a-08bf5823b041.json" source: "Contracts Finder" current_stage: "Award" buyer: "UK INFRASTRUCTURE BANK LIMITED" published: "2023-12-05" --- # CON 2244 Risk /Credit Rating system Buyer: UK INFRASTRUCTURE BANK LIMITED Current stage: Award OCID: ocds-b5fd17-bf137cbc-6cfb-4418-a51a-08bf5823b041 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-bf137cbc-6cfb-4418-a51a-08bf5823b041) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-bf137cbc-6cfb-4418-a51a-08bf5823b041.json) ## Summary The UK Infrastructure Bank (UKIB) has awarded a contract for the procurement of a Risk/Credit Rating system to S&P Global Market Intelligence LLC. The contract, valued between £626,516.00 and £742,320.00 excluding VAT, has a start date of November 2023 and a 3 year subscription period. The procurement method used was an Open procedure above the threshold. The services required include analytical tools for credit scoring and historical credit data relevant to infrastructure, project finance, and corporate exposures. This tender by UKIB presents an opportunity for businesses involved in IT services, consulting, software development, Internet, and support. The contract period spans from November 2023 to October 2026, providing a potential long-term engagement. Businesses specialising in risk management, financial analytics, and credit assessment are well-suited to compete in this tender process. The procurement location includes regions such as London and Yorkshire and the Humber in the United Kingdom, offering a broad geographical scope for interested businesses. ## Notice The UK Infrastructure Bank ("UKIB") is a government-owned policy bank, focused on increasing infrastructure investment across the United Kingdom. UKIB is providing PS22bn of infrastructure finance to tackle climate change and support regional and local economic growth across the UK. UKIB has grown at pace, resourcing key functions to enable it to undertake both local authority and private sector lending. Given UKIB's growing portfolio of assets and relationships, UKIB wishes to further strengthen its existing financial risk framework and due diligence processes by procuring specific tools to assess, measure and manage credit risk, counterparty and environmental, social and governance (ESG) financial risk as further described below. The key objectives for the services are the provision of: - an analytical tool / scorecards to generate independent and market calibrated credit scores and expected recovery rates on infrastructure, project finance and corporate exposures and provide the underlying credit ratings mapping to probability of default; and - long-term historical credit data relevant to infrastructure, project finance and corporate exposures to support detailed analysis of probability of default, loss given default / recovery rates and correlations across different sub sections (including geography, sub-sector). The service will need to include embedded environmental, social and governance ("ESG") factors to support an holistic approach to risk. Ideally the service will provide the ability to take into account ESG data, scores and screening in credit rating and assessment. The scorecards / database must cover project finance, infrastructure finance and corporate borrowers and the credit database must include data relating to UKIB's strategic sectors (water, energy, transport, digital and waste). The contract shall commence in November 2023 and the credit rating / scorecard service products shall have a 3 year subscription period. The other service products for which a subscription is provided as part of the solution will be taken out on a 1 year basis with an option to extend for two further 1 year periods. The value of the contract will range between PS626,516.00 and PS742,320.00 excluding VAT depending on the execution of available extension options. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/8b81b616-1a52-4ecb-b2ed-03a60efe0ab8 | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (above threshold) | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Award | ## Dates | Field | Value | | --- | --- | | Publication date | 5 Dec 2023 | | Submission deadline | 25 Aug 2023 | | Future notice date | Not specified | | Award date | 24 Oct 2023 | | Contract period | 1 Nov 2023 - 31 Oct 2026 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £742,320 | | Lots value | Not specified | | Awards value | £742,320 | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Not specified | | Awards status | Active | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | UK INFRASTRUCTURE BANK LIMITED | | Locality | LEEDS | | Post town | Leeds | | Postcode | LS1 4DW | | Country | England | | ITL 1 | TLE Yorkshire and The Humber | | ITL 2 | TLE4 West Yorkshire | | ITL 3 | TLE42 Leeds | | Local authority | Leeds | | Electoral ward | Hunslet & Riverside | | Westminster constituency | Leeds South | | Delivery location | TLE Yorkshire and The Humber, TLI London | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | S&P GLOBAL MARKET INTELLIGENCE | ## CPV Codes ### Divisions - 72 - IT services: consulting, software development, Internet and support ### Codes - 72000000 - IT services: consulting, software development, Internet and support ## Release History - 5 Dec 2023 at 14:26 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/8b81b616-1a52-4ecb-b2ed-03a60efe0ab8 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/8b81b616-1a52-4ecb-b2ed-03a60efe0ab8 5th December 2023 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/7cea352d-c499-4d10-973b-76260485409e FTS Contract Award Notice 033085-2023 - https://www.contractsfinder.service.gov.uk/Notice/Attachment/cb22eb23-b90f-47d7-a3f3-6f76dc3d4ac2 FTS Corrigendum 035054-2023 ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-bf137cbc-6cfb-4418-a51a-08bf5823b041. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-bf137cbc-6cfb-4418-a51a-08bf5823b041.json.