CON 2244 Risk /Credit Rating system

A Contract Award Notice
by UK INFRASTRUCTURE BANK LIMITED

Source
Contracts Finder
Type
Contract (Services)
Duration
3 year
Value
£627K-£742K
Sector
TECHNOLOGY
Published
05 Dec 2023
Delivery
01 Nov 2023 to 31 Oct 2026
Deadline
25 Aug 2023 11:00

Concepts

Location

Geochart for 1 buyers and 1 suppliers

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.

Award Detail

1 S&P Global Market Intelligence LLC (None)
  • Value: £742,320

CPV Codes

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

Other Information

FTS Contract Award Notice 033085-2023 FTS Contract Award Notice 033085-2023.pdf FTS Corrigendum 035054-2023 FTS Corrigendum 035054-2023.pdf

Reference

Domains