ACBS Commercial Loan Servicing

Official notice

Authority: UK Export Finance (Central government)

ServicesAward procedure without prior publication of a call for competition

Sectors: Software Packages & ERP (48)IT Services & Software (72) Delivery: London (UKI)

Awarded value£3,512,385published contract · exc. VAT

Awarded 20 Dec 2024no call for competition

Awarded to FIS Capital Markets US LLC

What is being bought

Published requirement description

Banking software required to manage UKEF loans and other financial facilities.

CPV: IT services: consulting, software development, Internet and support · Software package and information systems

The lotProcurement structure

single lot · no lot value published

Lot #1Awarded

Delivery: London

48000000 Software package and information systems

Procedure terms & legal framework

From the official record

Procedure method: Award procedure without prior publication of a call for competition
Legal basis: CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category: Services
Notice status: Awarded without competition
Procurement threshold: Unspecified in notice
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Direct award (no call for competition)
GPA / WTO covered: Yes (GPA)
Recurring procurement: Unspecified in notice
First published: 17 Jan 2025, 14:16 GMT
Last source update: 17 Jan 2025, 14:16 GMT
Authority reference: UKEFC2882
FTS notice number: 2025/S 000-001720
Classification (CPV): IT services: consulting, software development, Internet and supportSoftware package and information systems
Delivery area: London (UKI)
Official registry OCID: ocds-h6vhtk-04d445 Find a Tender

Why no open competition: The works, supplies or services can be provided only by a particular economic operator due to absence of competition for technical reasons
Published justification: FIS are the incumbent supplier of the UKEF Loan Servicing application - this is a highly customised version of FIS' Advanced Computer Banking System (ACBS). UKEF is building a replacement for this Software in-house. The software is integral to the UKEF operation and it is essential that there is a safe transition from ACBS into the replacement product. This direct award enables this transition.

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £3,512,3851 contract exc. VAT

Bids received 1

Contracts signed 1latest 20 Dec 2024

Awarded to	Value	Date	Status
FIS Capital Markets US LLC	£3,512,385 †	—	Awarded

Contracts

ACBS Commercial Loan Servicing · FIS Capital Markets US LLC
Signed
20 Dec 2024
Value
£3,512,385
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
1bids · 1 electronic	—	—	—

Contracting authority & participating public bodies

UK EXPORT FINANCE

Contracting authorityCentral GovernmentMinistry or any other national or federal authority, including their regional or local subdivisionsEconomic affairs 1 Horse Guards Road, LONDON, London, SW1A2HQContact name, email

Dispute resolution & review bodies

Public Procurement Review ServiceReview body London

Bidders & participating suppliers

1 commercial party on the notice

FIS Capital Markets US LLCAwarded supplier 347 Riverside Avenue, Jacksonville, US, 32202

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.