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MCR (Cyber Risk Platform)

Financial Conduct Authority

This public procurement record has 1 release in its history.

Award

30 Jul 2026 at 13:04

Award Notice
Summary of the contracting process

The Financial Conduct Authority bought licences for PWC Managed Cyber Risk, a software-as-a-service platform supporting cyber-risk management. This is an information technology software service rather than a works or physical goods requirement, classified under IT software packages (CPV 48517000). The platform is intended for use by the FCA in London, with the delivery address at Endeavour Square, E20 1JN. The requirement centres on providing organisational access to a managed cyber-risk platform, including the associated software licensing needed for the FCA’s operational use. The selected supplier is PWC Change Management Ltd, a large organisation based in London. The buyer is the Financial Conduct Authority, which is responsible for procuring and using the service.

The procurement has been awarded and the tender is complete. It used a selective procedure as a call-off from a framework agreement. The tender’s estimated value was between £180,000 and £250,000, while the award to PWC Change Management Ltd was £223,776. The award date was 19 May 2026. The contract period runs from 1 June 2026 to 31 May 2028. Tender submissions closed on 3 April 2026 at 14:00. The opportunity was treated as a services requirement and was not suitable for SMEs or voluntary, community and social enterprises. One supplier was selected for the cyber-risk platform licences. The award was active when recorded, with no cancellation or termination reported.

This award indicates demand from the Financial Conduct Authority for managed cyber-risk software delivered through a SaaS licensing model. Suppliers considering comparable future requirements would need a mature cyber-risk platform, reliable cloud-based service delivery and the ability to support an organisation operating in the UK financial regulatory environment. Credible competitors are likely to be established technology, cybersecurity or professional-services businesses with sufficient operational capacity to manage platform access, service continuity, security and customer support. Experience of supplying enterprise software licences to public bodies or regulated organisations would strengthen a supplier’s position. The route to market is also significant: framework membership or a relationship with an eligible framework provider may be important for competing for similar FCA call-offs. SMEs and VCSEs were not identified as suitable for this requirement.

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Notice Information

Notice Title

MCR (Cyber Risk Platform)

Notice Description

Licences for PWC Managed Cyber Risk (MCR) SaaS Platform

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-02985ea1-c376-4d06-b88b-a9acb582fb7f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f3b498f9-1f00-4798-b820-407a2051284a
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48517000 - IT software package

Notice Value(s)

Tender Value
£250,000 £100K-£500K
Lots Value
Not specified
Awards Value
£223,776 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
30 Jul 20262 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
19 May 20264 months ago
Contract Period
1 Jun 2026 - 31 May 2028 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Financial Conduct Authority
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Postcode Area
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

PWC CHANGE MANAGMENT LTD

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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