Award

GB-London: CON-21-129 Priority Asset Management

FINANCIAL CONDUCT AUTHORITY

This public procurement record has 1 release in its history.

Award

05 Sep 2022 at 12:55

Summary of the contracting process

The Financial Conduct Authority has recently awarded a contract for a Privileged Access Management (PAM) Solution under the title "CON-21-129 Priority Asset Management". The procurement process was completed via the G-Cloud 12 Framework. The contract, valued at £37,329.76 GBP, was awarded to Softcat Plc. The contract period is from 1st September 2022 to 31st August 2024. The tender period ended on 22nd November 2021. The procurement falls under the "services" category and the delivery address is in London, United Kingdom.

This procurement opportunity for a PAM Solution by the Financial Conduct Authority is particularly suited for businesses in the software package and computer systems industry. This contract could create growth opportunities for firms specialising in cybersecurity solutions, information technology services, or software development. The awarded contract provides businesses with the chance to collaborate with the Financial Conduct Authority and contribute to enhancing privileged access controls within their IT systems, thus helping mitigate risks related to data breaches and unauthorised access.

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Notice Title

GB-London: CON-21-129 Priority Asset Management

Notice Description

A Privileged Access Management (PAM) Solution that will include contracting with a 3rd party to initially procure their PAM tool and start onboarding some Pilot systems before rollout across the in-scope systems in the organisation. Our IT administrators have complete control over the systems they control and can access large volumes of data, possibly sensitive or insider information. Many are not FCA employees. A large proportion are offshore employees of our suppliers. We place a very high degree of trust in them. Whilst we vet them, this is an imperfect control. Administrator accounts are increasingly being hacked into and used to spread disruptive ransomware within organisations. We have seen examples of high-value bribes being offered to IT administrators by organised criminal gangs. The FCA currently has inadequate controls for privileged access to our systems. Although a range of manual mitigation actions are underway, best practice indicates that managing privileged access, given the evolving threat landscape, is not possible without a specialised PAM tool. It is anticipated that the solution will introduce best practices and more granular control of how IT administrators access FCA systems. It is also expected that the solution will assist in mitigating the identified corporate risks of unauthorised access and the abuse of such access. Additional information: Awarded via G-Cloud 12 Framework

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4bb8cc60-045c-4f5d-a2e7-2cc352effb1b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7b72d9f4-cdc2-4097-9a34-ef7ee43e1e9a
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48900000 - Miscellaneous software package and computer systems

Notice Value(s)

Tender Value
£37,329 Under £100K
Lots Value
Not specified
Awards Value
£37,329 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
5 Sep 20223 years ago
Submission Deadline
22 Nov 2021Expired
Future Notice Date
Not specified
Award Date
22 Nov 20214 years ago
Contract Period
31 Aug 2022 - 31 Aug 2024 2-3 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
FINANCIAL CONDUCT AUTHORITY
Contact Name
Phil Lamacraft
Contact Email
fcaprocurement@fca.org.uk
Contact Phone
02070661000

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
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

SOFTCAT

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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