Financial Risk Modelling Services
Buyer: Homes England (the name adopted by the Homes and Communities Agency)
- Published
- 2 February 2024
- Estimated value
- £2,800,000
- Place of performance
- UKC
- Procedure
- Open procedure
- Notice number
- 003597-2024
- Reference
- ocds-h6vhtk-03fc2b
- Official source
- Official source
CPV codes
- 66000000Financial and insurance services
Description
Homes England produces a range of macroeconomic forecasts on a quarterly basis. These macroeconomic forecasts need to be translated into the impact on the portfolio, and used to quantify, understand, and manage the financial risk to the Agency. Homes England manages a multi-billion-pound Recoverable Investment portfolio consisting of c. 300 loans. The portfolio has been running since 2016 and is highly concentrated in the UK housing market with a skew towards small / medium housebuilders with limited financial and credit history, as well as special purpose vehicles (SPVs) set up to specifically to develop a site. Security for the loans is typically provided by the land associated with the development. Internal data for quantitatively estimating the impact of different macroeconomic scenarios on the various model parameters is limited. A range of models including Expected Credit Loss models and Stress Testing models are used to quantify the financial risk of different macroeconomic scenarios on the Recoverable Investment portfolio. The inputs into these models are generally Probability of Default estimates (both through the cycle and point in time), exposure at default estimate…
Lots (3)
| Lot | Description | CPV code | Amount |
|---|---|---|---|
| 1 | Financial Risk Parameter Estimation Services | 66000000 Financial and insurance services | — |
| 2 | Financial Risk Modelling Advisory Services | 66000000 Financial and insurance services | — |
| 3 | Model Review and Validation Services | 66000000 Financial and insurance services | — |
Awards
| Awarded to | Amount | Date |
|---|---|---|
| Jaywing UK Ltd | — | — |
| Jaywing UK Ltd | — | — |
| Grant Thornton UK LLP | — | — |
| Mazars LLP | — | — |
| Jaywing UK Ltd | — | — |
| Government Actuary's Department | — | — |
Official publications
- FTS · 003597-2024 · 2 February 2024
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Frequently asked questions
- What is the estimated value of this tender?
- The estimated value published by the buyer is £2,800,000.
- Who is the buyer of this tender?
- The contracting authority is Homes England (the name adopted by the Homes and Communities Agency) (United Kingdom).
- How can I bid for public tenders in the United Kingdom?
- Bids are submitted through the official public procurement portal in the United Kingdom. El Vínculo helps you find tenders and analyse their documents; submission always happens at the official source.
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