Section one: Contracting authority
one.1) Name and addresses
UK INFRASTRUCTURE BANK LIMITED
4th Floor, One Embankment, Neville Street
Leeds
LS14DW
Country
United Kingdom
Region code
UK - United Kingdom
Companies House
06816271
Internet address(es)
Main address
one.3) Communication
Access to the procurement documents is restricted. Further information can be obtained at
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted electronically via
one.4) Type of the contracting authority
Ministry or any other national or federal authority
one.5) Main activity
Economic and financial affairs
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
UKIB Credit Risk Analytics Solution
Reference number
CON 2244
two.1.2) Main CPV code
- 72000000 - IT services: consulting, software development, Internet and support
two.1.3) Type of contract
Services
two.1.4) Short 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.
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
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 October 2023 and the credit rating / scorecard service products shall have a 3 year subscription period. It is anticipated that 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.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
36
This contract is subject to renewal
Yes
Description of renewals
Option to extend the non-scorecard elements of the solution by two further one year periods.
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
Section three. Legal, economic, financial and technical information
three.1) Conditions for participation
three.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
three.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
four.2) Administrative information
four.2.2) Time limit for receipt of tenders or requests to participate
Date
25 August 2023
Local time
12:00pm
four.2.4) Languages in which tenders or requests to participate may be submitted
English
four.2.7) Conditions for opening of tenders
Date
25 August 2023
Local time
1:00pm
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: Yes
Estimated timing for further notices to be published: 12 months prior to the contract's expiry.
six.2) Information about electronic workflows
Electronic payment will be used
six.3) Additional information
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.
However, 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.
All 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.
UKIB 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.
Tenderers 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.
six.4) Procedures for review
six.4.1) Review body
Royal Courts of Justice
London
WC1A 2LL
Country
United Kingdom