Section one: Contracting authority
one.1) Name and addresses
UK Infrastructure Bank Limited
4th Floor, One Embankment, Neville Street
Leeds
LS1 4DW
Country
United Kingdom
Region code
UK - United Kingdom
National registration number
Companies House 06816271
Internet address(es)
Main address
Buyer's address
https://atamis-3929.my.site.com/s/Welcome
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.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £742,320
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 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.
two.2.5) Award criteria
Quality criterion - Name: Quality / Weighting: 60
Quality criterion - Name: Social Value / Weighting: 10
Price - Weighting: 30
two.2.11) Information about options
Options: No
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
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.2.1) Previous publication concerning this procedure
Notice number: 2023/S 000-021720
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
25 October 2023
five.2.2) Information about tenders
Number of tenders received: 2
Number of tenders received from SMEs: 0
Number of tenders received by electronic means: 2
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
SandP Global Market Intelligence
55 Water Street
New York NY 10041
Country
United States
NUTS code
- US - United States
Internet address
https://www.spglobal.com/marketintelligence/en/
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: £572,716
Total value of the contract/lot: £742,320
Section six. Complementary information
six.3) Additional information
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.
six.4) Procedures for review
six.4.1) Review body
The Royal Courts of Justice
Strand
London
WC2A 2LL
Country
United Kingdom
Internet address
https://theroyalcourtsofjustice.com/
six.4.2) Body responsible for mediation procedures
UK Infrastructure Bank Limited
4th Floor, One Embankment, Neville Street
Leeds
LS1 4DW
Country
United Kingdom
Internet address
six.4.4) Service from which information about the review procedure may be obtained
UK Infrastructure Bank Limited
4th Floor, One Embankment, Neville Street
Leeds
LS1 4DW
Country
United Kingdom