Planning

Risk Management System - RFI

FSCS

This public procurement record has 2 releases in its history.

Planning

24 May 2018 at 10:17

Market Engagement Notice
Planning

12 Mar 2018 at 09:54

Market Engagement Notice
Summary of the contracting process

The Financial Services Compensation Scheme (FSCS) is initiating a tender for a Risk Management System, currently in the planning stage. Located in London, the FSCS aims to enhance its Enterprise Risk Management Framework with a comprehensive system to manage risk-related data. Key dates include an engagement end date on 12 June 2018, with notices related to this procurement available on Contracts Finder since May 24, 2018. The procurement falls under the software package and information systems category.

This tender presents significant growth opportunities for firms specialising in software solutions, particularly those with expertise in enterprise risk management systems. Businesses that are well-positioned to compete are those offering innovative software capabilities aligned with risk policy, controls, and reporting processes. Vendors with experience adhering to ISO 31000 standards and integrating such systems within existing frameworks will find this tender particularly relevant.

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Notice Information

Notice Title

Risk Management System - RFI

Notice Description

FSCS has an established Enterprise Risk Management Framework under which it: 1. Sets risk policy and procedures; 2. Identifies and controls risks; 3. Assesses the control of risks; 4. Remediates and improves controls; and 5. Monitors and reports on risk and controls. Risk at FSCS is managed at an enterprise-wide level and at business function level using a central Risk function supplemented by risk-focused resources based across the business and supported by appropriate policies, procedures and methodologies guided by ISO 31000. FSCS is based at one office location in London with around 200 members of staff, although works with a number of key suppliers based across the UK. FSCS requires a system which will allow it to manage all risk related data in order to support the activities within the Enterprise Risk Management Framework. Additional information: Access to the market sounding document can be obtained through the attached link https://fscs.bravosolution.co.uk/web/login.html

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0eb35875-ea08-41bb-ac0c-1f709e8d736c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9178190b-943b-46f0-bd1e-5f9a8021ba28
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Market Engagement Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48000000 - Software package and information systems

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 May 20187 years ago
Submission Deadline
Not specified
Future Notice Date
12 Jun 2018Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Cancelled
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
FSCS
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
EC3A 7QU
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
City of London
Electoral Ward
Portsoken
Westminster Constituency
Cities of London and Westminster

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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