Official UK procurement notice
UKIB Credit Risk Analytics Solution
Authority: UK Infrastructure Bank Limited·Consortium: 3 public authorities
What is being bought
Published requirement descriptionThe UK Infrastructure Bank ("UKIB") is a government-owned policy bank, focused on increasing infrastructure investment across the United Kingdom. UKIB is providing £22bn of infrastructure finance to tackle climate change and support regional and local economic growth across the UK.<br/><br/>UKIB has grown at pace, resourcing key functions to enable it to undertake both local authority and private sector lending. <br/><br/>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.
- Recurrence: 12 months prior to the contract's expiry.
CPV: IT services: consulting, software development, Internet and support
The lotProcurement structure
single lot · no lot value publishedLot #1The key objectives for the services are the provision of:AwardedRenewal
The key objectives for the services are the provision of: <br/><br/>- 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 <br/><br/>- 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). <br/><br/>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. <br/><br/>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). <br/><br/>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.
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published award criteria (3)
- Quality: 60
- Social Value: 10
- Price: 30
- Price carries 30 of 100 points: a 10% discount moves about 3 points. The method statement decides this lot, not the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- Yes · 12 months prior to the contract's expiry.
- First published
- 26 Jul 2023, 18:03 BST
- Last source update
- 28 Nov 2023, 12:15 GMT
- Award evaluation window
- 25 Aug 2023 – …
- Authority reference
CON 2244- FTS notice number
2023/S 000-035054- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-03eaa5Find a Tender
- Electronic trading
- electronic payment
Publisher note: The value of the contract will range between £572,716.00 and £742,320.00 excluding VAT depending on the execution of available extension options.
How it was run
Official notice- Submission deadline
- 25 Aug 2023, 12:00 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Participation fee
- document
- Bids opened
- 25 Aug 2023, 13:00 BST
Timeline
25 Aug 2023 → 28 Nov 2023 · 3 dates- Submission deadline25 Aug 2023, 12:00 BST
- Bids opened25 Aug 2023, 13:00 BST
- Notice published28 Nov 2023, 12:15 GMT
Notice history
3 events · 4 releases on Find a Tender · since 7 Aug 2023- Buyer details updated7 Aug 2023, 08:37 BST
- Status changed to complete8 Nov 2023, 15:09 GMT
- Buyer details updated8 Nov 2023, 15:09 GMT
Published amendments (2 · 0 deadline changes)
| When | What | Before | After | Shift |
|---|---|---|---|---|
| — | TextI.3 | Access to the procurement documents is restricted. Further information can be obtained at https://www.ukib.org.uk/ (https://www.ukib.org.uk) Additional information can be obtained from the above mentioned address Tenders or requests to participate must be submitted electronically via https://www.ukib.org.uk/ (https://www.ukib.org.uk) | The procurement documents are available for unrestricted and full direct access, free of charge, at https://atamis-3929.my.site.com/s/Welcome Additional information can be obtained from the above-mentioned address. Tenders or requests to participate must be submitted electronically via https://atamis-3929.my.site.com/s/Welcome | |
| — | TextVI.3 | UKIB is in the process of implementing the Atamis e-Tendering Portal (the "Portal"). In the interim the Procurement Documents are being made available via email to procurement@ukib.org.uk. However, it is anticipated that tender submission will be via the Portal and submission instructions will be confirmed in due course to all suppliers who request the Procurement Documents. All communications sh… | Interested providers will be able to view this opportunity via the live opportunities list on UKIB's e-procurement system, Atamis. Click on 'View our Live Opportunities' from the home page, available on the following link: https://atamis-3929.my.site.com/s/Welcome. Once you have found the opportunity (via the search function, using the title or reference number), to gain full access to the tender… | |
| — | TextV.2.4.1 | 572716.00 | 626516.00 | |
| — | TextVI.3.0.1 | The value of the contract will range between £572,716.00 and £742,320.00 excluding VAT depending on the execution of available extension options. | The value of the contract will range between £626,516.00 and £742,320.00 excluding VAT depending on the execution of available extension options. |
2 amendments published without a description.
Routine re-releases (4)
- 2023-07: 1 release · 26 Jul 2023
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| SandP Global Market Intelligence | £742,320 † | — | Awarded |
Contracts
Contract 033085-2023-1 · SandP Global Market Intelligence
- Signed
- 25 Oct 2023
- Value
- £742,320
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 2bids · 2 electronic | 0 | — | — |
Contracting authority & participating public bodies
2 public bodies on the noticeDispute resolution & review bodies
- Royal Courts of JusticeReview body
- The Royal Courts of JusticeReview body
Bidders & participating suppliers
1 commercial party on the notice- SandP Global Market IntelligenceAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria