Official UK procurement notice
ENQEIR997 FASS Credit Management Services
Authority: SONI Ltd (Public body)
What is being bought
Published requirement descriptionThis notice does not commence a competitive tendering process. For the detailed requirements and relevant documentation, please see the Call for Competition, published on www.etenders.gov.ie/epps/cft/listContrac… ↗.
Description: The TSOs are developing competitive market arrangements for system services under the FASS Programme (Future Arrangements for System Services). The TSOs require that all markets under FASS are fully collateralised. To accomplish this the TSOs require credit management services to be provided by a third party, who will assume and manage the credit risk to the TSOs, including the implementation of automated system-to-system interfaces to enable this service. (1) The primary service required by the TSOs is credit management for DASSA (Day Ahead System Services Auction) secondary trading. (2) A secondary element of the service is the management of a fixed amount of collateral for providers to cover other aspects of the FASS markets including but not limited to any performance related payments due to the TSOs (e.g. DASSA compensation payments) and resettlement. Full information relating to our requirement can be found in the accompanying procurement documents 'FASS PQQ and Information Memorandum'. Please note that the value of this tender reflects the amount expected to be paid by EirGrid and SONI for this implementation and maintenance of this service. The TSOs expect that the operational costs for providing this service will be recovered from market participants, reflecting the cost to the tenderer to manage market participants’ credit cover. As such, the value of the tender reflects only the portion of the total value payable by EirGrid and SONI to the tenderer.
- How the procedure runs: Negotiated with prior publication of a call for competition / competitive with negotiation. Please refer to the attached Pre-Qualification Questionnaire
CPV: Banking and investment services · Brokerage and related securities and commodities services · Commodity brokerage services · Development of transaction processing and custom software · Financial analysis software package · Financial consultancy, financial transaction processing and clearing-house services · Financial information systems · Financial market regulatory services · Financial systems software package · Industry specific software package · Processing and clearing services · Security brokerage services · +1 more
How this framework works
From the published notice- Type
- Closed framework
- Call-offs
- every call-off is a further competition among the appointed suppliers
- Framework period
- 5 yrs · up to 8 yrs from 1 Jun 2026
Published description of the framework
Please refer to PQQ
The lotProcurement structure
single lot · value publishedLot #1RenewalPublished value€1,071,453
- Economic & financial standing
Refer to PQQ
- Technical & professional ability
Refer to PQQ
- Condition of participationshortlisting
Quality and Previous experience refer to PQQ for full details
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 sub-criteria (2)
- Quality Assurance: 10%
- Previous Experience: 90%
Published award criteria (2)
- Quality Assurance: Candidates must complete the Quality Assurance Questionnaire. Candidates must have a documented Quality Management System (QMS) in place. The overall QA strength of the Candidates who meet the minimum requirement will be evaluated in accordance with the weighting indicated.
- Previous Experience : Candidates must complete the Previous Experience Questionnaire. Candidates are required to demonstrate that they have sufficient recent and relevant experience to deliver contracts of this nature: Candidates are required to provide details of the three (3) most relevant contracts undertaken by the Candidate in the last five years. This criterion is sub-weighted across the three contracts with each weighted at 30% marks. A number of sections within each contract are also sub-weighted as follows • Client’s Organisation/Industry (5% marks) • Candidate’s Role (5% marks) • Scale Value (5% marks)
- Economic & financial standing
Refer to PQQ
- Technical & professional ability
Refer to PQQ
- Condition of participationshortlisting
Quality and Previous experience refer to PQQ for full details
- “ENQEIR997 FASS Credit Management Services” is a framework: the contest is a place on its panel, not a single contract: each call-off is a further competition, so the pricing contest starts after appointment.
Procedure terms & legal framework
From the official record- Procedure method
- Competitive flexible procedure
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Services
- Notice status
- Closed
- Procurement threshold
- Above threshold (FTS publication)
- Regulatory regime
- Utilities
- Commercial structure
- Framework agreement
- Who may use this agreement
- Not stated in the notice; call-off rights may be limited to the establishing authority
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- Unspecified in notice
- First published
- 16 Mar 2026, 09:55 GMT
- Last source update
- 16 Mar 2026, 09:55 GMT
- Award evaluation window
- Submission end – 1 Jun 2026
- Authority reference
ENQEIR997- FTS notice number
2026/S 000-023324- Latest notice
- Tender notice (UK4)
- Classification (CPV)
- Delivery area in notice
- Official registry OCID
ocds-h6vhtk-066a99Find a Tender
- How it runs
Negotiated with prior publication of a call for competition / competitive with negotiation. Please refer to the attached Pre-Qualification Questionnaire
How it was run
Official notice- Requests to participate (first stage)
- 10 Apr 2026, 12:30 BST
- Appointment period ends
- 10 Apr 2026, 12:30 BST
- Clarification deadline
- 25 Mar 2026, 12:30 GMT
- Electronic submission
- Allowed
- Accepted languages
- en
Timeline
16 Mar 2026 → 1 Jun 2026 · 5 dates- Tender notice published220 days ago16 Mar 2026, 09:55 GMT
- Clarification questions by211 days ago25 Mar 2026, 12:30 GMT
- Admission / appointment period ends195 days ago · period end, not a bid countdown10 Apr 2026, 12:30 BST
- Contract starts143 days ago1 Jun 2026, 00:00 BST
- Award decision expected by142 days ago1 Jun 2026, 23:59 BST
Notice history
1 event · 1 release on Find a Tender- Tender notice published16 Mar 2026, 09:55 GMTUK4
Contracting authority & participating public bodies
Official documents & specifications (1)
Official links; attachments are not copiedNotices published for this procedure
- Tender notice Tender notice on Find a Tender