This public procurement record has 2 releases in its history.

Award

14 Feb 2024 at 12:07

Tender

20 Jul 2023 at 12:05

Summary of the contracting process

The Financial Conduct Authority (FCA) has awarded a contract for a Third Party Due Diligence Security Assessment Partner. The contract, valued at £600,000 ex VAT for the initial two years, involves cyber security assessments on an agreed rate card. The contract can be extended for up to 48 months, with the procurement stage now complete as of 2024-02-14.

This tender presents an opportunity for IT services companies specialising in consulting, software development, and internet support. Small and medium enterprises (SMEs) are encouraged to participate. The submission deadline for this opportunity was on 2023-08-21, and the location is in London, United Kingdom. The FCA follows an open procurement method and has provided detailed criteria to evaluate potential partners.

How relevant is this notice?

Notice Title

Third Party Due Diligence Security Assessment Partner

Notice Description

The Financial Conduct Authority (FCA) is awarding a contract for a partner to perform third party due diligence. The FCA will request the partner to undertake cyber security assessments as and when required based on an agreed rate card.

Lot Information

Lot 1

The Financial Conduct Authority (FCA) is awarding a contract for a partner to perform third party due diligence. The FCA will request the partner to undertake cyber security assessments as and when required based on an agreed rate card. Additional information: This is a contract award notice.

Renewal: There will be two options to extend beyond the initial term of 24 months. Both options will be up to 12 months in duration, meaning the maximum term will be 48 months.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03e3c2
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/004906-2024
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support


CPV Codes

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£300,000 £100K-£500K
Lots Value
£300,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£600,000 £500K-£1M

Notice Dates

Publication Date
14 Feb 20242 years ago
Submission Deadline
21 Aug 2023Expired
Future Notice Date
Not specified
Award Date
24 Nov 20232 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

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
Not specified

Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

Toro Risk Solutions - Global Limited

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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