Published date: 7 June 2019

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 28 June 2019

Contract summary

Industry

  • Software package and information systems - 48000000

Location of contract

London

Value of contract

£100,000 to £500,000

Procurement reference

BIP398487681

Published date

7 June 2019

Closing date

28 June 2019

Contract start date

2 September 2019

Contract end date

30 September 2022

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

Governance, Risk and Compliance (GRC) System

FSCS are seeking to procure a Governance, Risk and Compliance (GRC) system to help facilitate the embedment of its Enterprise Risk Management Framework (ERMF). FSCS's ERMF is intended to align the management of the organisation's risks with the ISO31000 Risk Management standard and the FSCS corporate strategy. The GRC system must support the end to end risk management process, automating notifications and tasks relating to risk management activities, providing improved reporting and analytics and delivering an improved user experience.

The GRC system must meet the following minimum capabilities:

•enterprise risk and control data management,
•risk assurance,
•control assessment,
•configure custom data fields,
•change control and versioning
•task management, workflow and notifications,
•permissions management
•reporting and analytics
•business metrics
•risk event management
•data migration

Part of minimum requirements for this procurement is that tenderers bids are within FSCS maximum budget of £120,000 for the initial 3-year contract term for this procurement. Bids priced above £120,000 will not be considered for further evaluation and will be disqualified.

In addition to meeting the Enterprise Risk Management Framework requirements, additional 'secondary' requirements have also been identified in relation to functions including Project Management Office (PMO), Information Technology (IT), Information Security, Legal Compliance and Third-Party Risk. FSCS would like to understand the proposal for if, and consequentially how, the winning Tenderer's GRC system could meet these broader requirements to determine whether to increase the scope of the tool to facilitate these additional teams' needs.

More information

Links

Additional text

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.

About the buyer

Contact name

Jean Mutudza

Address

10th Floor Beaufort House,
15 St Botolph Street,
London,
EC3A 7QU
UK

Telephone

02073758197

Email

procurement@fscs.org.uk