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Published 19 Jan 2026, 12:55 GMT

Official UK procurement notice

RAF015 2526 Scoping Study: Climate transition and global financial stability

Official notice

Authority: Department for Energy Security & Net Zero (Central government)·On behalf of: Foreign, Commonwealth and Development Office

ServicesBelow threshold - open competitionBelow thresholdSME suitableVCSE suitable
Sectors: Research & Development (R&D) (73) Delivery: UK
Published estimate£80,000£96,000 inc. VAT · 1 value update
Submissions closed 4 Aug 2025awarded 29 Aug 2025
Awarded to ADAM SMITH INTERNATIONAL LTD
Contract term 3 moup to 6 mo with extensions · starts 1 Sept 2025

What is being bought

Published requirement description

In partnership with the industry-led EMDE Investor Taskforce convened by the Minister for International Development and the Economic Secretary to the Treasury, DESNZ on behalf of the UK government is commissioning a scoping study to consider the risks raised in 'The UK as a Climate Finance Hub’ report [1] and determine whether additional research is needed.

The scoping study will include a literature review that addresses the points raised in the report, specifically and including (i) the risk that climate change poses to UK and global financial stability and how current approaches manage that risk; (ii) the potential impact of a delayed or failed transition in EMDE on portfolios held by investors based in developed markets, including the UK, taking into account a globally connected financial system, supply chains and trade dependencies, and the location of many systemically important natural assets and transition commodities; and (iii) the scale of the opportunity for private sector financial institutions to invest in the climate transition in EMDEs, and their appetite for doing so.

The scoping study will be funded by DESNZ and delivered by an external delivery partner. The maximum contract budget for this work is £80,000 excluding VAT.

Read the full description (864 more characters)

The scoping study will be delivered within 12 weeks through two discrete elements:

- Literature review, supported by engagement with relevant international financial architecture[2] (IFA) actors

- Recommendations on whether further targeted research is desirable, the form and focus this would take if so, and future stakeholder engagement and delivery

The delivery partner will be responsible for identifying, contracting, and managing any subcontractors and subject matter experts required to deliver its required outputs and outcomes as specified in this scope of works.

[1] Various (2025) The UK as a Climate Finance Hub

[2] The international financial architecture refers to the governance arrangements that safeguard the stability and function of the global monetary and financial systems. our-common-agenda-policy-brief-international-finance-architecture-en.pdf

CPV: Research services

The lotProcurement structure

single lot · value published
Lot #1Lot 1AwardedRenewal 3 moSMEVCSEPublished value£80,000
Contract period: 1 Sept 2025 — 1 Dec 2025 (3 mo) · up to 6 mo with extensionsEligibility: SME eligibleVCSE eligibleDelivery: UK
Value
£80,000 exc. VAT · £96,000 inc. VAT
Extensions
The Contract may be extended by mutual agreement to allow for completion of outstanding requirements within the defined scope
73110000 Research services

What it takes to win
i

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 more
How bids were scored

Understanding the Requirements & Context - Weighting 20% Approach and Methodology - Weighting 20% Ability to deliver (resourcing and availability of expertise) - Weighting - 30% Social Value Theme: Tackling Economic Inequality. Model Award Criteria: MAC 2.2 - Weighting 10% Cost - Weighting 20%

Conditions of participation1
  • Condition of participation
    The requirement is Open and there are no set conditions of participation

Procedure terms & legal framework

From the official record
Procedure method
Below threshold - open competition
Legal basis
UKPGA · 2023/54 Procurement Act 2023
Procurement category
Services
Notice status
Awarded
Procurement threshold
Below threshold
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Unspecified in notice
Recurring procurement
No (one-off requirement)
First published
19 Jan 2026, 12:55 GMT
Last source update
19 Jan 2026, 12:55 GMT
Authority reference
prj_5468
Latest notice
Contract termination notice (UK11)
Classification (CPV)
Research services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-055531 Find a Tender

How it was run

Official notice
Run through: Jaggaer · Who buys & how to bid on JAGGAER
Supplier login requiredElectronic submission allowed
Access & registration note: Free; latest Chrome/Edge/Firefox only — corporate browsers fail
Submission deadline
4 Aug 2025, 13:00 BST
Clarification deadline
28 Jul 2025, 17:00 BST
Submission channel
Official e-sourcing portal
Electronic submission
Allowed
Detailed submission instructions & authority contactsFrom official release
All Responses and questions must be submitted via the Jaggaer eSourcing Portal. How to Apply DESNZ will be using the Jaggaer eSourcing Portal for this procurement. To register on the Jaggaer eSourcing portal please use the link https://beisgroup.ukp.app.jaggaer.com/ and follow the instructions to register as a supplier. If you are already registered on the Jaggaer eSourcing Portal and wish to participate in this procurement, please use the link: more…https://beisgroup.ukp.app.jaggaer.com/. Once you are logged into the system you will be able to locate the Procurement you wish to leave a bid on by clicking the ITTs Open to All Suppliers and searching for the Jaggaer ITT reference number ITT_2224 alternatively you can access via the following link - https://beisgroup.ukp.app.jaggaer.com/esop/guest/go/opportunity/detail?opportunityId=60063

Timeline

8 published dates · Europe/London
  1. Planning notice published
    27 Jun 2025, 13:49 BST
  2. Market engagement
    15 Jul 2025, 23:59 BSTTo participate in the EME, please complete the form at the following Microsoft Forms link: forms.office.com/e/s4wnpE9Hpp ↗ The scoping document can be found at the following link: beisgroup.ukp.app.jaggaer.com/esop/guest/go/opport… ↗
  3. Tender notice published
    18 Jul 2025, 14:26 BST
  4. Next notice expected
    21 Jul 2025, 23:59 BST
  5. Clarification questions by
    28 Jul 2025, 17:00 BST
  6. Submission deadline
    4 Aug 2025, 13:00 BST
  7. Contract starts387 days ago
    1 Sept 2025, 00:00 BST
  8. Latest notice published247 days ago
    19 Jan 2026, 12:55 GMT

Commercial outcome & contract awards

Published awards, contracts and bid statistics — not a forecast
Awards 1
Awarded value £80,0001 contract exc. VAT
Contracts signed 1latest 29 Aug 2025
Awarded toValueDateStatus
ADAM SMITH INTERNATIONAL LTD——Awarded

Contracts

  • Contract 1 · ADAM SMITH INTERNATIONAL LTD

    Signed
    29 Aug 2025
    Value
    £80,000
    Period
    1 Sept 2025 — 1 Dec 2025 · up to 1 Mar 2026 with extensions
    Status
    terminated
    Extensions
    No cost extension allowed to complete the services required.
    Final value
    £78,675
    Termination
    contractCompleted

Notice history

23 events · 12 releases on Find a Tender · since 27 Jun 2025
  1. Contract termination notice published
    19 Jan 2026, 12:55 GMTUK11
  2. Status changed
    19 Jan 2026, 12:55 GMT
  3. Procurement method changed
    19 Jan 2026, 12:55 GMT
  4. Buyer details updated
    19 Jan 2026, 12:55 GMT
  5. Contract details notice published
    5 Sept 2025, 11:29 BSTUK7
  6. Published value updated
    5 Sept 2025, 11:29 BSTwas £80,000
  7. Status changed to complete
    5 Sept 2025, 11:29 BST
  8. Deadline withdrawn
    5 Sept 2025, 11:29 BST
  9. Tender notice published
    22 Jul 2025, 10:01 BSTUK4
  10. Tender notice published
    18 Jul 2025, 14:52 BSTUK4
  11. Tender notice published
    18 Jul 2025, 14:43 BSTUK4
  12. Tender notice published
    18 Jul 2025, 14:28 BSTUK4
  13. Tender notice published
    18 Jul 2025, 14:26 BSTUK4
  14. Status changed to active
    18 Jul 2025, 14:26 BST
  15. Procurement method changed
    18 Jul 2025, 14:26 BST
  16. Deadline published: 4 Aug 2025, 13:00 BST
    18 Jul 2025, 14:26 BST
  17. Preliminary market engagement notice published
    15 Jul 2025, 14:30 BSTUK2
  18. Preliminary market engagement notice published
    10 Jul 2025, 14:24 BSTUK2
  19. Preliminary market engagement notice published
    8 Jul 2025, 18:35 BSTUK2
  20. Preliminary market engagement notice published
    8 Jul 2025, 17:08 BSTUK2
  21. Procurement method changed
    8 Jul 2025, 17:08 BST
  22. Deadline withdrawn
    8 Jul 2025, 17:08 BST
  23. Planned procurement notice published
    27 Jun 2025, 13:49 BSTUK3
Published amendments (5)

amendment to link

amendment to link

amendment to link

amendment to layout of the scope

amendment to layout of the scope

Routine re-releases (12)
  • 2025-07: 8 releases · 8 Jul 2025 — 18 Jul 2025
  • 2025-06: 1 release · 27 Jun 2025

Contracting authority & participating public bodies

2 public bodies on the notice

Department for Energy Security & Net Zero

Contracting authorityPublic authority - central government GB-PPON: PDHQ-2163-WYMH 55 Whitehall, London, London, SW1A 2HP

Other public bodies

Bidders & participating suppliers

1 commercial party on the notice

Official documents & specifications (12)

Official links; attachments are not copied

Notices published for this procedure

  • Contract termination notice contractContract termination noticeUK11Contract termination notice on Find a Tender
  • Contract details notice contractContract details noticeUK7Contract details notice on Find a Tender
  • Tender notice tenderTender noticeUK4Tender notice on Find a Tender
  • Tender notice tenderTender noticeUK4Tender notice on Find a Tender
  • Tender notice tenderTender noticeUK4Tender notice on Find a Tender
  • Tender notice tenderTender noticeUK4Tender notice on Find a Tender
  • Tender notice tenderTender noticeUK4Tender notice on Find a Tender
  • Preliminary market engagement notice planningPreliminary market engagement noticeUK2Preliminary market engagement notice on Find a Tender
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