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Tenders

ENQEIR997 FASS Credit Management Services

Open
Deadline
65 days left
May 31, 2026
Contract Details
Category
Restricted Procedure
Reference
023324-2026
Value
£1,285,743
Location
United Kingdom
Published
March 19, 2026
Organization
CPV Code
Project Timeline

Tender Published

March 16, 2026

Deadline for Questions

May 24, 2026

Submission Deadline

May 31, 2026

Contract Start Date

May 31, 2026

Budget
£1,285,743
Duration
60 months
Location
United Kingdom
Type
Restricted Procedure
75
Quality Score/100
Good

Original Tender Description

This notice does not commence a competitive tendering process. For the detailed requirements and relevant documentation, please see the Call for Competition, published on https://www.etenders.gov.ie/epps/cft/listContractDocuments.do?resourceId=7694501. Description: The TSOs are developing competitive market arrangements for system services under the FASS Programme (Future Arrangements for System Services). The TSOs require that all markets under FASS are fully collateralised. To accomplish this the TSOs require credit management services to be provided by a third party, who will assume and manage the credit risk to the TSOs, including the implementation of automated system-to-system interfaces to enable this service. (1) The primary service required by the TSOs is credit management for DASSA (Day Ahead System Services Auction) secondary trading. (2) A secondary element of the service is the management of a fixed amount of collateral for providers to cover other aspects of the FASS markets including but not limited to any performance related payments due to the TSOs (e.g. DASSA compensation payments) and resettlement. Full information relating to our requirement can be found in the accompanying procurement documents 'FASS PQQ and Information Memorandum'. Please note that the value of this tender reflects the amount expected to be paid by EirGrid and SONI for this implementation and maintenance of this service. The TSOs expect that the operational costs for providing this service will be recovered from market participants, reflecting the cost to the tenderer to manage market participants’ credit cover. As such, the value of the tender reflects only the portion of the total value payable by EirGrid and SONI to the tenderer.

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Requirements & Qualifications

8 requirements across 5 categories

Submission (1)
Mandatory (1)
Compliance (1)
Technical (4)
Financial (1)
SUBMISSION REQUIREMENTS1
--[Requirement to be detailed in Call for Competition and FASS PQQ and Information Memorandum]
MANDATORY EXCLUSION GROUNDS1
--[Requirement to be detailed in Call for Competition]
ELIGIBILITY REQUIREMENTS1
--[Requirement to be detailed in Call for Competition]
TECHNICAL CAPABILITY REQUIREMENTS4
--Provision of credit management services for DASSA secondary trading.
--Management of a fixed amount of collateral for providers to cover other FASS market aspects (e.g., performance-related payments, resettlement).
--Implementation of automated system-to-system interfaces.
FINANCIAL REQUIREMENTS1
--[Requirement to be detailed in Call for Competition and FASS PQQ and Information Memorandum]

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75
Good

Tender Quality Score

This tender for credit management services is generally well-structured, with clear objectives and a disclosed estimated value. However, critical details are deferred to external documents, impacting immediate assessment and potentially fairness.

Score Breakdown

Legal Compliance75/100

The tender adheres to basic legal requirements by providing a CPV code and a clear procedure type. Deadlines are present, though the contract start date coinciding with the submission deadline is unusual. The absence of explicit dispute information is positive. The primary concern is the reliance on external documents for detailed legal compliance aspects.

Contract start date coincides with submission deadline.
Clarity80/100

The core service requirements are clearly outlined, including primary and secondary functions. The description effectively explains the purpose of the credit management services within the FASS Programme. However, the lack of detailed requirements within the notice itself, directing bidders to external documents, reduces immediate clarity.

Detailed requirements are located in external documents (Call for Competition, PQQ, Information Memorandum).
Completeness70/100

Essential information such as title, reference, organization, estimated value, and contract duration is provided. The CPV code is present. However, the critical omission of detailed requirements, evaluation criteria, and submission guidelines within the notice itself significantly impacts completeness.

Detailed requirements are not included in the tender notice.
Evaluation criteria are not specified.
Fairness85/100

The estimated value is disclosed, and the procedure is competitive. The reliance on external documents for full details could be a barrier for some potential bidders if access is not straightforward. The objective criteria for selection are not yet detailed, which is a concern for fairness.

Detailed requirements and evaluation criteria are in external documents, potentially limiting full access to all information upfront.
Evaluation criteria are not specified within the notice.
Practicality65/100

The tender directs bidders to an external URL for documentation, which is a standard practice. However, the notice does not explicitly mention e-submission capabilities, and the contract start date being the same as the submission deadline is impractical. Financing information is not detailed.

No explicit mention of e-submission.
Contract start date is the same as the submission deadline.
Data Consistency90/100

Key fields such as title, reference, organization, value, and deadlines are populated. There are no indications of disputes or suspensions. The dates provided are logical, although the contract start date is unusual.

Contract start date is the same as the submission deadline.
Sustainability50/100

There is no explicit mention of green procurement, social aspects, innovation, or EU funding within the provided tender notice. This suggests a lack of focus on these areas.

No mention of green procurement.
No mention of social aspects.

Strengths

Clear description of service requirements.
Estimated value and contract duration disclosed.
CPV code provided.
Active status and reference number present.

Concerns

Critical details deferred to external documents.
Lack of specified evaluation criteria.
Impractical contract start date.
No sustainability considerations mentioned.

Recommendations

1. Incorporate key requirements and evaluation criteria directly into the tender notice or ensure easy, direct access to these documents.
2. Review and adjust the contract start date to allow for proper implementation and transition.
3. Consider integrating sustainability criteria into future tenders.

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