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tenderUpdateFind a Tender · tender Update

UKIB Credit Risk Analytics Solution

Buyer: UK Infrastructure Bank Limited →

BuyerUK Infrastructure Bank Limited
StatustenderUpdate
DeadlineNot published
ValueValue not published
Published28 Nov 2023

What is being bought

The 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.

Categories

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

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 72. The category anchor is IT services: consulting, software development, Internet and support (72000000); 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 729,4132 median · 14 average (3,702 of 9,413 with a bid count)1.9 average (4,454 of 9,413 with named award suppliers)Not published
Same buyer0Not publishedNot publishedNot 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 rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byNot published
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.

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-03eaa5
Latest release ID035054-2023
Latest release timestampTue Nov 28 2023 12:15:04 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statusNot published
Procurement methodNot published
Procurement method detailsNot published
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 source0
Tender items in source0
Tender documents in source0
Awards in latest release0
Contracts in latest release0
Parties in latest release1

Notice history

DateEventReference
28 Nov 2023tenderUpdate035054-2023
8 Nov 2023award, contract033085-2023
7 Aug 2023tenderUpdate022846-2023
26 Jul 2023tender021720-2023

All source data

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

Complete current OCDS release JSON
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  "tag": [
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  "date": "2023-11-28T12:15:04Z",
  "ocid": "ocds-h6vhtk-03eaa5",
  "buyer": {
    "id": "GB-FTS-97898",
    "name": "UK Infrastructure Bank Limited"
  },
  "tender": {
    "id": "CON 2244",
    "title": "UKIB Credit Risk Analytics Solution",
    "amendments": [
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        "id": "2",
        "unstructuredChanges": [
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            "where": {
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            },
            "newValue": {
              "text": "626516.00"
            },
            "oldValue": {
              "text": "572716.00"
            }
          },
          {
            "where": {
              "section": "VI.3.0.1"
            },
            "newValue": {
              "text": "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."
            },
            "oldValue": {
              "text": "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."
            }
          }
        ]
      }
    ],
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "description": "The 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.",
    "classification": {
      "id": "72000000",
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        "countryName": "United Kingdom",
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      },
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        "buyerProfile": "https://atamis-3929.my.site.com/s/Welcome"
      },
      "identifier": {
        "id": "Companies House  06816271",
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      },
      "contactPoint": {
        "email": "procurement@ukib.org.uk"
      }
    }
  ],
  "language": "en",
  "initiationType": "tender"
}
Complete JSON history (4 releases)
28 Nov 2023 · 035054-2023 · tenderUpdate
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    "id": "CON 2244",
    "title": "UKIB Credit Risk Analytics Solution",
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              "text": "572716.00"
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            },
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              "text": "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."
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    "legalBasis": {
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    "classification": {
      "id": "72000000",
      "scheme": "CPV",
      "description": "IT services: consulting, software development, Internet and support"
    },
    "mainProcurementCategory": "services"
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      "name": "UK Infrastructure Bank Limited",
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        "locality": "Leeds",
        "postalCode": "LS1 4DW",
        "countryName": "United Kingdom",
        "streetAddress": "4th Floor, One Embankment, Neville Street"
      },
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      },
      "identifier": {
        "id": "Companies House  06816271",
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  "language": "en",
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8 Nov 2023 · 033085-2023 · award, contract
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  "date": "2023-11-08T15:09:19Z",
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    "name": "UK Infrastructure Bank Limited"
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      "id": "033085-2023-1",
      "status": "active",
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          "name": "SandP Global Market Intelligence"
        }
      ],
      "relatedLots": [
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        "awardCriteria": {
          "criteria": [
            {
              "name": "Quality",
              "type": "quality",
              "description": "60"
            },
            {
              "name": "Social Value",
              "type": "quality",
              "description": "10"
            },
            {
              "type": "price",
              "description": "30"
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          ]
        }
      }
    ],
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    "title": "UKIB Credit Risk Analytics Solution",
    "status": "complete",
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    "description": "The 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 as further described below.",
    "classification": {
      "id": "72000000",
      "scheme": "CPV",
      "description": "IT services: consulting, software development, Internet and support"
    },
    "procurementMethod": "open",
    "mainProcurementCategory": "services",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
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      "name": "UK Infrastructure Bank Limited",
      "roles": [
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      "address": {
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        "locality": "Leeds",
        "postalCode": "LS1 4DW",
        "countryName": "United Kingdom",
        "streetAddress": "4th Floor, One Embankment, Neville Street"
      },
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        "buyerProfile": "https://atamis-3929.my.site.com/s/Welcome",
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      },
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      }
    },
    {
      "id": "GB-FTS-97899",
      "name": "SandP Global Market Intelligence",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "US",
        "locality": "New York NY 10041",
        "countryName": "United States",
        "streetAddress": "55 Water Street"
      },
      "details": {
        "url": "https://www.spglobal.com/marketintelligence/en/",
        "scale": "large"
      },
      "identifier": {
        "legalName": "SandP Global Market Intelligence"
      }
    },
    {
      "id": "GB-FTS-5790",
      "name": "The Royal Courts of Justice",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "London",
        "postalCode": "WC2A 2LL",
        "countryName": "United Kingdom",
        "streetAddress": "Strand"
      },
      "details": {
        "url": "https://theroyalcourtsofjustice.com/"
      },
      "identifier": {
        "legalName": "The Royal Courts of Justice"
      }
    },
    {
      "id": "GB-FTS-47309",
      "name": "UK Infrastructure Bank Limited",
      "roles": [
        "mediationBody",
        "reviewContactPoint"
      ],
      "address": {
        "locality": "Leeds",
        "postalCode": "LS1 4DW",
        "countryName": "United Kingdom",
        "streetAddress": "4th Floor, One Embankment, Neville Street"
      },
      "details": {
        "url": "https://www.ukib.org.uk/"
      },
      "identifier": {
        "legalName": "UK Infrastructure Bank Limited"
      }
    }
  ],
  "language": "en",
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      "id": "033085-2023-1",
      "value": {
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        "currency": "GBP"
      },
      "status": "active",
      "awardID": "033085-2023-1",
      "dateSigned": "2023-10-25T00:00:00+01:00"
    }
  ],
  "description": "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.",
  "initiationType": "tender"
}
7 Aug 2023 · 022846-2023 · tenderUpdate
{
  "id": "022846-2023",
  "tag": [
    "tenderUpdate"
  ],
  "date": "2023-08-07T08:37:44+01:00",
  "ocid": "ocds-h6vhtk-03eaa5",
  "buyer": {
    "id": "GB-FTS-89196",
    "name": "UK INFRASTRUCTURE BANK LIMITED"
  },
  "tender": {
    "id": "CON 2244",
    "title": "UKIB Credit Risk Analytics Solution",
    "amendments": [
      {
        "id": "1",
        "unstructuredChanges": [
          {
            "where": {
              "section": "I.3"
            },
            "newValue": {
              "text": "The procurement documents are available for unrestricted and full direct access, free of charge, at\nhttps://atamis-3929.my.site.com/s/Welcome\nAdditional information can be obtained from the above-mentioned address. \nTenders or requests to participate must be submitted electronically via\nhttps://atamis-3929.my.site.com/s/Welcome"
            },
            "oldValue": {
              "text": "Access to the procurement documents is restricted. Further information can be obtained at\nhttps://www.ukib.org.uk/ (https://www.ukib.org.uk)\nAdditional information can be obtained from the above mentioned address\nTenders or requests to participate must be submitted electronically via\nhttps://www.ukib.org.uk/ (https://www.ukib.org.uk)"
            }
          },
          {
            "where": {
              "section": "VI.3"
            },
            "newValue": {
              "text": "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. \nOnce you have found the opportunity (via the search function, using the title or reference number), to gain full access to the tender documentation (including questionnaires), you will need to click on 'Register interest' - this will take you to the log-in page. \nIf you are not already registered on the system, you will need to do so before gaining full access to the documentation and being able to submit a bid. \nAll communications shall be in English. Any contract or agreement resulting from this procurement process will be considered a contract made in England according to English Law and subject to the exclusive jurisdiction of the English Courts. \nUKIB does not bind itself to accept any tender and reserves the right to accept any part of the tender unless the tenderer expressly stipulates to the contrary. \nTenderers may offer supplementary services as part of their tender response providing these are connected to the underlying service requirements as described in the Procurement Documents. UKIB reserves the right to purchase such 'optional services' but shall be under no obligation to do so, nor does UKIB give any guarantees in relation to volumes. Nothing shall prevent UKIB from receiving services that are the same or similar to any optional services proposed from any third party."
            },
            "oldValue": {
              "text": "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.\nHowever, 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. \nAll communications shall be in English. Any contract or agreement resulting from this procurement process will be considered a contract made in England according to English Law and subject to the exclusive jurisdiction of the English Courts. \nUKIB does not bind itself to accept any tender and reserves the right to accept any part of the tender unless the tenderer expressly stipulates to the contrary. \nTenderers may offer supplementary services as part of their tender response providing these are connected to the underlying service requirements as described in the Procurement Documents. UKIB reserves the right to purchase such 'optional services' but shall be under no obligation to do so, nor does UKIB give any guarantees in relation to volumes. Nothing shall prevent UKIB from receiving services that are the same or similar to any optional services proposed from any third party."
            }
          }
        ]
      }
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      "id": "32014L0024",
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    "classification": {
      "id": "72000000",
      "scheme": "CPV",
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      "id": "GB-FTS-89196",
      "name": "UK INFRASTRUCTURE BANK LIMITED",
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  "initiationType": "tender"
}
26 Jul 2023 · 021720-2023 · tender
{
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  "date": "2023-07-26T18:03:43+01:00",
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        "contractPeriod": {
          "durationInDays": 1080
        },
        "submissionTerms": {
          "variantPolicy": "notAllowed"
        }
      }
    ],
    "items": [
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        "relatedLot": "1",
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          }
        ]
      }
    ],
    "title": "UKIB Credit Risk Analytics Solution",
    "status": "active",
    "coveredBy": [
      "GPA"
    ],
    "documents": [
      {
        "id": "economic",
        "documentType": "economicSelectionCriteria"
      },
      {
        "id": "technical",
        "documentType": "technicalSelectionCriteria"
      }
    ],
    "bidOpening": {
      "date": "2023-08-25T13:00:00+01:00"
    },
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "recurrence": {
      "description": "12 months prior to the contract's expiry."
    },
    "awardPeriod": {
      "startDate": "2023-08-25T13:00:00+01:00"
    },
    "description": "The 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.\nUKIB has grown at pace, resourcing key functions to enable it to undertake  both local authority and private sector lending. \nGiven 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 as further described below.",
    "tenderPeriod": {
      "endDate": "2023-08-25T12:00:00+01:00"
    },
    "contractTerms": {
      "hasElectronicPayment": true
    },
    "hasRecurrence": true,
    "classification": {
      "id": "72000000",
      "scheme": "CPV",
      "description": "IT services: consulting, software development, Internet and support"
    },
    "submissionTerms": {
      "languages": [
        "en"
      ]
    },
    "submissionMethod": [
      "electronicSubmission"
    ],
    "participationFees": [
      {
        "id": "1",
        "type": [
          "document"
        ]
      }
    ],
    "procurementMethod": "open",
    "mainProcurementCategory": "services",
    "submissionMethodDetails": "https://www.ukib.org.uk/",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-COH-06816271",
      "name": "UK INFRASTRUCTURE BANK LIMITED",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UK",
        "locality": "Leeds",
        "postalCode": "LS14DW",
        "countryName": "United Kingdom",
        "streetAddress": "4th Floor, One Embankment, Neville Street"
      },
      "details": {
        "url": "https://www.ukib.org.uk/",
        "classifications": [
          {
            "id": "MINISTRY",
            "scheme": "TED_CA_TYPE",
            "description": "Ministry or any other national or federal authority, including their regional or local subdivisions"
          },
          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
        ]
      },
      "identifier": {
        "id": "06816271",
        "scheme": "GB-COH",
        "legalName": "UK INFRASTRUCTURE BANK LIMITED"
      },
      "contactPoint": {
        "url": "https://www.ukib.org.uk/",
        "email": "procurement@ukib.org.uk"
      }
    },
    {
      "id": "GB-FTS-3630",
      "name": "Royal Courts of Justice",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "London",
        "postalCode": "WC1A 2LL",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "Royal Courts of Justice"
      }
    }
  ],
  "language": "en",
  "description": "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.\nHowever, 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.\nAll communications shall be in English. Any contract or agreement   resulting from this procurement process will be considered a contract made in England according to English Law and subject to the exclusive jurisdiction of the English Courts. \nUKIB does not bind itself to accept any tender and reserves the right to accept any part  of the tender unless the tenderer expressly stipulates to the contrary.\nTenderers may offer supplementary services as part of their tender response providing these are connected to the underlying service requirements as described in the Procurement Documents.  UKIB  reserves the right to purchase such 'optional services' but shall be under no obligation to do so, nor does UKIB give any guarantees in relation to volumes. Nothing shall prevent UKIB from receiving services that are the same or similar to any optional services proposed from any third party.",
  "initiationType": "tender"
}