UKIB Credit Risk Analytics Solution

Concepts

• ukib
• leeds
• information technology
• ukib credit risk analytics solution
• credit risk
• historical credit data
• credit scores
• financial risk framework
• credit rating
• underlying credit ratings

Location

United Kingdom:

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.

Total Quantity or Scope

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.

Renewal Options

Option to extend the non-scorecard elements of the solution by two further one year periods.

CPV Codes

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

Indicators

• This is a recurring contract.
• Renewals are available.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** 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.