Pre-procurement notice
Investor Risk Reporting Function
Notice details
- Published
- Category
- Not specified
- Buyer region
- London
- Source
- View official notice
Public buyer
Public buyer
DEPARTMENT FOR INTERNATIONAL TRADETender valueNot disclosed
Planned contract dates were not published with this notice.
Work description
The Department for International Trade ("DIT") has a requirement for a risk reporting service to provide third party background checks as part of inward investment services. This is to provide an independent economic and political assessment of individual investors ensuring that the programme's resources are focused on reputable investors who will add value to the UK economy and protects HMG's reputation by significantly reducing the risk of working with questionable investors.
The Secretary of State for DIT is the contracting authority responsible for meeting this anticipated requirement. DIT will potentially conduct a Market Engagement session on the 28th February 2020. DIT intends to publish the Contract Notice 4th March 2020.
The full specification shall be provided with the contract documents, but it is expected the service will incorporate both instant reporting via an online platform and the ability to produce reports on individual investors and companies globally. This will include and not restricted to basic profiling, issues of concern, and blacklists. The service should also offer contextual country and wealth analysis reports.
The requirement has an estimated total value of up to £200k inc-VAT for year one, including provision of an online platform.
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