Award

PRE00134 Provision and Implementation of a Risk System

POOL RE SERVICES LIMITED

This public procurement record has 3 releases in its history.

Award

16 Oct 2024 at 10:13

TenderUpdate

10 Jun 2024 at 12:47

Tender

10 Jun 2024 at 08:40

Summary of the contracting process

Pool Re Services Limited has successfully completed a public procurement contracting process for the provision and implementation of a risk system, awarded on 16th October 2024. The procurement falls under the industry category of IT services: consulting, software development, Internet, and support (CPV: 72000000) and focuses on enhancing risk management capabilities. The contract, valued at £102,994.00, has been awarded to Core Stream Ltd and was signed on 17th September 2024. The initial term of the contract is three years, with options to extend for up to two additional periods of twelve months each. This procurement stage is complete, and the relevant services will be delivered across the United Kingdom.

This tender represents a significant business growth opportunity, particularly for IT service providers specialising in comprehensive risk management solutions. The awarded contract to Core Stream Ltd indicates a competitive process, with the potential to expand the reach of the awarded system across other business areas of Pool Re. Such projects are well-suited for businesses that excel in developing, implementing, and maintaining sophisticated software systems designed to support risk assessments, controls, and reporting. Companies with experience in similar fields can aspire to participate in future tenders with similar requirements, positioning themselves for substantive growth within the public sector.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

PRE00134 Provision and Implementation of a Risk System

Notice Description

Pool Re competitively tendered for the provision and implementation of a Risk system. The system supports the assessment, management and reporting of Risks, Risk Indicators, Controls, Risk Events and Actions across the business.

Lot Information

Lot 1

Pool Re competitively tendered for the provision and implementation of a Risk system. The system supports the assessment, management and reporting of Risks, Risk Indicators, Controls, Risk Events and Actions across the business.

Options: The contract will have an initial term of three (3) years, with options to extend for up to two (2) periods of twelve (12) months.

Renewal: The contract will run for a three-year period with options for Pool Re, in its absolute discretion to extend for up to a further of two periods of twelve months.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-046e83
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/033302-2024
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
SME

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
£280,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£102,994 £100K-£500K

Notice Dates

Publication Date
16 Oct 20241 years ago
Submission Deadline
10 Jul 2024Expired
Future Notice Date
Not specified
Award Date
16 Sep 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
2027

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
POOL RE SERVICES LIMITED
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
EC4R 9AF
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
Not specified

Local Authority
City of London
Electoral Ward
Candlewick
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

CORE STREAM

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-h6vhtk-046e83-2024-10-16T11:13:03+01:00",
    "date": "2024-10-16T11:13:03+01:00",
    "ocid": "ocds-h6vhtk-046e83",
    "initiationType": "tender",
    "tender": {
        "id": "ocds-h6vhtk-046e83",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "PRE00134 Provision and Implementation of a Risk System",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "72000000",
            "description": "IT services: consulting, software development, Internet and support"
        },
        "mainProcurementCategory": "services",
        "description": "Pool Re competitively tendered for the provision and implementation of a Risk system. The system supports the assessment, management and reporting of Risks, Risk Indicators, Controls, Risk Events and Actions across the business.",
        "value": {
            "amount": 280000,
            "currency": "GBP"
        },
        "lots": [
            {
                "id": "1",
                "description": "Pool Re competitively tendered for the provision and implementation of a Risk system. The system supports the assessment, management and reporting of Risks, Risk Indicators, Controls, Risk Events and Actions across the business.",
                "contractPeriod": {
                    "durationInDays": 1080
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "The contract will run for a three-year period with options for Pool Re, in its absolute discretion to extend for up to a further of two periods of twelve months."
                },
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "hasOptions": true,
                "status": "cancelled",
                "awardCriteria": {
                    "criteria": [
                        {
                            "type": "price"
                        }
                    ]
                },
                "options": {
                    "description": "The contract will have an initial term of three (3) years, with options to extend for up to two (2) periods of twelve (12) months."
                }
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "UK"
                    },
                    {
                        "region": "UK"
                    }
                ],
                "relatedLot": "1"
            }
        ],
        "submissionMethod": [
            "electronicSubmission",
            "written"
        ],
        "submissionMethodDetails": "https://poolre.ukp.app.jaggaer.com/esop/ogc-host/public/poolre/web/login.jst",
        "communication": {
            "atypicalToolUrl": "https://poolre.ukp.app.jaggaer.com/esop/ogc-host/public/poolre/web/login.jst"
        },
        "documents": [
            {
                "id": "economic",
                "documentType": "economicSelectionCriteria"
            },
            {
                "id": "technical",
                "documentType": "technicalSelectionCriteria"
            }
        ],
        "procurementMethod": "selective",
        "procurementMethodDetails": "Restricted procedure",
        "coveredBy": [
            "GPA"
        ],
        "tenderPeriod": {
            "endDate": "2024-07-10T14:00:00+01:00"
        },
        "submissionTerms": {
            "languages": [
                "en"
            ]
        },
        "hasRecurrence": true,
        "contractTerms": {
            "electronicInvoicingPolicy": "allowed",
            "hasElectronicPayment": true
        },
        "recurrence": {
            "description": "2027"
        },
        "amendments": [
            {
                "id": "1",
                "unstructuredChanges": [
                    {
                        "oldValue": {
                            "text": "1"
                        },
                        "newValue": {
                            "text": "Provision and Implementation of a Risk System"
                        },
                        "where": {
                            "section": "II.1.1",
                            "label": "Title"
                        }
                    }
                ]
            }
        ]
    },
    "parties": [
        {
            "id": "GB-FTS-115685",
            "name": "Pool Re Services LIMITED",
            "identifier": {
                "legalName": "Pool Re Services LIMITED"
            },
            "address": {
                "streetAddress": "Equitable House, 47 King William St",
                "locality": "London",
                "region": "UK",
                "postalCode": "EC4R 9AF",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Commercial Services",
                "email": "commercialservices@poolre.co.uk",
                "url": "https://poolre.ukp.app.jaggaer.com/esop/ogc-host/public/poolre/web/login.jst"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "url": "http://www.poolre.co.uk",
                "classifications": [
                    {
                        "scheme": "TED_CA_TYPE",
                        "id": "BODY_PUBLIC",
                        "description": "Body governed by public law"
                    },
                    {
                        "scheme": "COFOG",
                        "id": "04",
                        "description": "Economic affairs"
                    }
                ]
            }
        },
        {
            "id": "GB-FTS-103",
            "name": "Public Procurement Review Service",
            "identifier": {
                "legalName": "Public Procurement Review Service"
            },
            "address": {
                "streetAddress": "Cabinet Office",
                "locality": "London",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 3450103503",
                "email": "publicprocurementreview@cabinetoffice.gov.uk"
            },
            "roles": [
                "reviewBody"
            ]
        },
        {
            "id": "GB-FTS-100514",
            "name": "Pool Re Services Limited",
            "identifier": {
                "legalName": "Pool Re Services Limited"
            },
            "address": {
                "streetAddress": "Equitable House, 47 King William St",
                "locality": "London",
                "region": "UK",
                "postalCode": "EC4R 9AF",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Commercial Services",
                "email": "commercialservices@poolre.co.uk"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "url": "http://www.poolre.co.uk",
                "classifications": [
                    {
                        "scheme": "TED_CA_TYPE",
                        "id": "BODY_PUBLIC",
                        "description": "Body governed by public law"
                    },
                    {
                        "scheme": "COFOG",
                        "id": "04",
                        "description": "Economic affairs"
                    }
                ]
            }
        },
        {
            "id": "GB-FTS-127171",
            "name": "Core Stream Ltd",
            "identifier": {
                "legalName": "Core Stream Ltd",
                "id": "05157767"
            },
            "address": {
                "streetAddress": "20 Grosvenor Place",
                "locality": "London",
                "region": "UK",
                "postalCode": "SW1X 7HN",
                "countryName": "United Kingdom"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "scale": "sme"
            }
        }
    ],
    "buyer": {
        "id": "GB-FTS-100514",
        "name": "Pool Re Services Limited"
    },
    "language": "en",
    "awards": [
        {
            "id": "033302-2024-PRE00134-1",
            "relatedLots": [
                "1"
            ],
            "title": "Provision and Implementation of a Risk System",
            "status": "active",
            "suppliers": [
                {
                    "id": "GB-FTS-127171",
                    "name": "Core Stream Ltd"
                }
            ]
        }
    ],
    "contracts": [
        {
            "id": "033302-2024-PRE00134-1",
            "awardID": "033302-2024-PRE00134-1",
            "title": "Provision and Implementation of a Risk System",
            "status": "active",
            "value": {
                "amount": 102994,
                "currency": "GBP"
            },
            "dateSigned": "2024-09-17T00:00:00+01:00"
        }
    ],
    "bids": {
        "statistics": [
            {
                "id": "1",
                "measure": "bids",
                "relatedLot": "1",
                "value": 20
            }
        ]
    }
}