Supporting the Compliance Director on Compliance monitoring activities. This includes the supply of 3 deliverables, consisting of a Financial Crime review, Data Privacy review, and Transactional Conflicts Management review.
C0358 E Board Papers II - The provision of an eBoard Portal providing
a centralised and secure platform for managing and accessing board related information, documents, and communications.
Contract an independent supplier with expertise in evaluation in order to deliver an evaluation approach paper, providing recommendations for the bank methodology and an interim evaluation which assess UKIB's early progress towards achieving its strategy.
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.
As part of the Banking pipeline the Director for Banking and Investments requires to put in place essential third party assurances for the deals that are moving through the pipeline.
We need to conduct a CMO (commerciality assessment) to check if we're offering terms which are commercial, and to determine as a result if we are providing subsidised funding.
To provide Office Supplies. The initial contract was for £12,500 but has now been extended in July 2024 to a contract value of £25,000 which now requires this notice.
As part of the Banking pipeline the Director for Banking and Investments requires to put in place essential third party assurances for the deals that are moving through the pipeline.