Published date: 5 December 2023

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 25 August 2023, 12pm

Contract summary

Industry

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

Location of contract

LS1 4DW

Value of contract

£626,516 to £742,320

Procurement reference

CF-0000300D8d000008FPzjEAG

Published date

5 December 2023

Closing date

25 August 2023

Closing time

12pm

Contract start date

1 November 2023

Contract end date

31 October 2026

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

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.

UKIB has grown at pace, resourcing key functions to enable it to undertake both local authority and private sector lending.

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.

The key objectives for the services are the provision of:
- an analytical tool / scorecards to generate independent and market calibrated credit scores and expected recovery rates on infrastructure, project finance and corporate exposures and provide the underlying credit ratings mapping to probability of default; and
- long-term historical credit data relevant to infrastructure, project finance and corporate exposures to support detailed analysis of probability of default, loss given default / recovery rates and correlations across different sub sections (including geography, sub-sector).

The service will need to include embedded environmental, social and governance ("ESG") factors to support an holistic approach to risk. Ideally the service will provide the ability to take into account ESG data, scores and screening in credit rating and assessment.
The scorecards / database must cover project finance, infrastructure finance and corporate borrowers and the credit database must include data relating to UKIB's
strategic sectors (water, energy, transport, digital and waste).

The contract shall commence in November 2023 and the credit rating / scorecard service products shall have a 3 year subscription period. The other service products for which a subscription is provided as part of the solution will be taken out on a 1 year basis with an option to extend for two further 1 year periods.

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.

More information

Attachments

Award information

Awarded date

25 October 2023

Contract start date

1 November 2023

Contract end date

31 October 2026

Total value of contract

£742,320

This contract was awarded to 1 supplier.

S&P Global Market Intelligence LLC

Address

55 Water Street NY 10041

Reference

None

About the buyer

Contact name

Procurement Team

Address

4th Floor, One Embankment, Neville Street
Leeds
LS1 4DW
United Kingdom

Email

procurement@ukib.org.uk