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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:
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.
| Supplier | Identifier | Award Value | Cross-References |
|---|---|---|---|
| S&P Global Market Intelligence LLC | 00064070 | £742,320 | - |
Government spending data: This supplier has received £630,000 in 4 payments (over £25k) from Department for Education (2018-03-29 to 2019-06-11). View full payment history →