Closed tender

GB-London: Know Your Customer System

Details

Value
£75,000
Topic
Corporate governance rating services
Published
20 January 2025
Submission
21 February 2025

Tender description

LCCC require a solution to carry out searches across worldwide AML databases following the input of company, UBO and directorship information. The purpose of the due diligence is to ensure LCCC understands the reputational and financial risks of entering into contract with energy generators and producers. Additional information: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.

Timeline

  1. Completed: Tender published20 January 2025
    Current notice
  2. Completed: Submission date21 February 2025

About the buyer

Low Carbon Contracts Company Ltd is a central government body, wholly owned by the Secretary of State for Energy Security and Net Zero. The company acts as the private-law counterparty to Contracts for Difference, agreeing long-term contracts with renewable electricity generators. Tenders are advertised through the company's own procurement portal, run on the Delta eSourcing platform. The company's remit now includes Low Carbon Hydrogen and Carbon Capture, Usage and Storage. Nuclear projects are covered too, through the Regulated Asset Base model. The company's registered office is in London, at 10 South Colonnade.

Procurement spend from central entities makes up 66% of overall UK public spend.

Over the past 5 years, most of Low Carbon Contracts Company Ltd's contract awards have been in business services, architectural and engineering services and IT services.

Relevant CPV codes

  • 79212110 · Corporate governance rating services

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Decision makers

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