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planned
Official procurement procedure

UK Export Finance Political and Credit Risk Insurance Services

Financial and insurance services
UK
Published value
Not published
Submission deadline Not published
Lots published2
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Department for International Trade: "UK Export Finance Political and Credit Risk Insurance Services". Published status: planned. Published value: Value not published. 2 published lots. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityDepartment for International TradeScope & CategoriesNot publishedSubmission Window
planned
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: Department for International Trade
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for Department for International Trade. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Average Price Reduction
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
3Bids / Report
25% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 23 active published awards; 4 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Price reduction compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityDepartment for International Trade
Procedure methodNot published
Procurement categoryNot published
Statusplanned
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published13 Dec 2021, 22:45 GMT
Last source update13 Dec 2021, 22:45 GMT
Recurring procurementNot published
ClassificationFinancial and insurance services
Delivery area
UK
OCIDocds-h6vhtk-0300aa
What is being bought
UK Export Finance (“the Authority”) has a potential requirement for framework agreements for political and credit risk insurance & brokerage services . The proposed procurement will entail services for the proposed framework agreement for both the Brokerage services and insurance panel in relation to political and credit risk. Lot structure: * Lot 1 Insurance brokerage services *Lot 2 Insurance panel The purpose of this Prior Information Notice (PIN) is a development to publication of the Prior Information Notice (PIN) in July 2021 (Reference: https://www.find-tender.service.gov.uk/Notice/017283-2021 ), In July 2021, the Department for International Trade on behalf of UK Export Finance sought feedback from the supplier market on some preliminary elements of scope via qualitative questionnaire. The market engagement was effective, a broad selection of interested Potential Service providers participated through qualitative questionnaire and raised clarification questions. This approach allowed the Authority to gain some insights and test the market’s capacity and capability to deliver the requirement as currently described. The approach set out our initial thinking and has subsequently evolved in light of feedback received from the market, internally and lessons learned. We have been working to further refine and develop our proposition. A prospectus describing the requirement will be made available from via the jaggaer e-tendering portal to potential service providers service providers who register an interest against this PIN. e-tendering portal: https://uktrade.app.jaggaer.com/web/login.html?_ncp=1639346319199.3102286-1
What changed
From the official release history
  1. Status changed to planned
    13 Dec 2021, 22:45 GMT
  2. Official notice release published
    13 Dec 2021, 22:45 GMT
  3. Buyer information updated
    13 Dec 2021, 22:45 GMT
Lots and requirements (2)
Published by the contracting authority
  • Lot 1 · #1
    Insurance Brokerage Services
    planned
    Published valueNot published
    Insurance Brokerage Services • Arranging the placing of new Contracts of Insurance (as described below) • Managing communications and endorsements relating to new and existing Contracts of Insurance Political and Credit Risk Insurers The typical profile of the insurance policies is (but not limited to): • Political and Credit Risk, generally involving counterparties outside the UK • Facultative Insurance Policies (although other forms of insurance policy may be considered, eg Treaty Insurance) • Sums insured typically between £10m and £500m • Call offs to be made through direct award or further competitions c.5 times per annum • Insurance tenors between 5 and 15 years • Transactions and Premiums denominated in US Dollars or Euros Additional information: The Authority will be using the Portal to manage expressions of interest and all communications will be made through the Portal: https://uktrade.app.jaggaer.com/web/login.html This PIN is released for market sounding purposes only. This PIN does not formally signify the beginning of any procurement exercise by the Authority, nor does it constitute a commit
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
  • Lot 2 · #2
    Political and Credit Risk Insurers
    planned
    Published valueNot published
    as per the short description
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    13 Dec 2021, 22:45 GMT
Commercial outcome and competition
AwardsNo award published
ContractsNo contract published
Bid statisticsNo aggregate bid statistics published
Buyer and organisations in this procedure

Department for International Trade

Contracting authority GB-FTS-134
View buyer profile
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published