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AwardedFind a Tender · award
BuyerDepartment for Business, Energy and Industrial Strategy
StatusAwarded
DeadlineNot published
ValueValue not published
Published17 Oct 2022

What is being bought

BEIS is procuring an auction platform to provide value for money auctioning of UK Emissions Trading Scheme allowances. This will also include related services (which includes processing admissions to bid; clearing and settlement; high quality customer service; monitoring; and reporting) to His Majesty’s Government (HMG). The first auction under the terms of the appointment will be on a specified date (to be agreed) on or after 4 January 2023.

Delivery location

UK

Categories

Auction services 79342400IT services: consulting, software development, Internet and support 72000000

Lot details

Lot 1

The Contracting Authority (BEIS) is looking for an auction platform to provide value for money auctioning of UK Emissions Trading Scheme allowances. This will also include related services (which includes processing admissions to bid; clearing and settlement; high quality customer service; monitoring; and reporting) to His Majesty’s Government (HMG). The first auction under the terms of the appointment will be on a specified date (to be agreed) on or after 4 January 2023. Auctioning on the UK platform must be secure, reliable, user-friendly and fully compliant with the requirements of UK legislation on the auctioning of UK ETS emissions allowances on a definitive auction platform. The auction platform must also maximise and facilitate participation in the auctions, including for small and medium enterprises (SMEs). The Contractor must ensure that the performance of the contract complies with the applicable legislative framework. This includes, but is not limited to, the relevant elements of the following legislation, including any amendments: • The Greenhouse Gas Emissions Trading Scheme Order 2020 • The Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021 (the “Auctioning Regulations”) • The Recognised Auction Platforms Regulations 2011 • The UK Market Abuse Regulation (Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse, as it has effect in domestic law) • The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 • The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Prayer) Regulations 2017 • The Markets in Financial Instruments Directive 2 (MiFID 2). The Contractor must have the legal, technical and organisational capacity to perform the services referred to in regulation 25 of the Auctioning Regulations. This includes provision of the necessary IT infrastructure, which must be secure, reliable and user friendly and ensure the smooth functioning of the auctions. The Contractor must ensure it has a full back-up system in place, which should be able to cope seamlessly with a technical failure in the main data centre supporting the auction platform, ensuring a minimum service uptime of 99.999%. The back-up system should be capable of restoring the main system at transaction level in the event of a failure, to ensure no data is lost. Any proposed backup system (including its data centre) should be located at a site other than that where the main system is located and must be secure, reliable and not lead to discrimination between bidders. The services are to be performed in accordance with the objectives and requirements of this specification, the Auctioning Regulations, the Greenhouse Gas Emissions Trading Scheme Order 2020 and other relevant legislation. The award of contract will take account of the overarching appointment requirements in regulation 25(5) of the Auctioning Regulations. Additional information: Please note there were no price considerations in the awarding of this contract

Award criteria
0 — 0
0 — 0

What is included

ItemCategoryQuantity
1Auction servicesNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 79. The category anchor is Auction services (79342400); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 7913,7404 median · 30.9 average (5,804 of 13,740 with a bid count)3.2 average (6,507 of 13,740 with named award suppliers)1 comparable price pairs
Same buyer0Not publishedNot publishedNot published
Delivery region: UK3,8104 median · 60.1 average (1,524 of 3,810 with a bid count)5 average (1,809 of 3,810 with named award suppliers)Not published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationaleA prior information notice was undertaken to evaluate the current supplier landscape and whether there are any suppliers who hold the required accreditation (In order to deliver against this requirement, suppliers must hold UK RIE and RAP status (FCA accredited) and be fully operational on the secondary and energy markets). From undertaking this exercise, it was apparent that only one supplier held the required accreditation status. BEIS are therefore direct awarding ICE Futures and ICE Clearing to deliver this service.
Rationale classificationsNo tenders or no suitable tenders/requests to participate in response to open procedure, The works, supplies or services can be provided only by a particular economic operator due to absence of competition for technical reasons
Special regimeNot published
Covered byGPA
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Awards

Contracts

UK Emissions Trading Scheme auction platform

Statusactive
Value£540,607

Documents & submission route

No documents are published in the current source record.

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-03763b
Latest release ID029149-2022
Latest release timestampMon Oct 17 2022 11:56:59 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statuscomplete
Procurement methodlimited
Procurement method detailsNegotiated without publication of a contract notice
Main procurement categoryservices
Above thresholdNot published
Legal basis32014L0024
Tender period: startNot published
Tender period: endNot published
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: startNot published
Award period: endNot published
Submission method detailsNot published
Submission languagesNot published
Electronic catalogue policyNot published
Total tender valueNot published
Tender lots in source1
Tender items in source1
Tender documents in source0
Awards in latest release1
Contracts in latest release1
Parties in latest release3

Notice history

DateEventReference
17 Oct 2022award, contract029149-2022

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
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    "name": "Department for Business, Energy and Industrial Strategy"
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      "title": "UK Emissions Trading Scheme auction platform",
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          "name": "ICE Futures Europe"
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    "title": "Direct Award",
    "status": "complete",
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    "legalBasis": {
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    "description": "BEIS is procuring an auction platform to provide value for money auctioning of UK Emissions Trading Scheme allowances. This will also include related services (which includes processing admissions to bid; clearing and settlement; high quality customer service; monitoring; and reporting) to His Majesty’s Government (HMG). The first auction under the terms of the appointment will be on a specified date (to be agreed) on or after 4 January 2023.",
    "classification": {
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Complete JSON history (1 releases)
17 Oct 2022 · 029149-2022 · award, contract
{
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