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The Provision of a Risk Management System

Development Bank of Wales

This public procurement record has 3 releases in its history.

AwardUpdate

22 Jan 2025 at 15:28

Award Notice
Award

04 Dec 2024 at 09:41

Award Notice
Tender

31 Jul 2024 at 14:43

Tender Notice
Summary of the contracting process

The Development Bank of Wales (DBW) has awarded a contract for the provision of a risk management system to Corporate Governance Risk. This procurement falls under the information technology services industry (CPV code 72222300) and is categorised as a services contract. The contract covers a substantial period with specific modifications and upgrades included, resulting in a total value of £600,000. The procurement process followed an open procedure with the most recent contract being signed on 3 December 2024. The primary delivery region for the services is UKL (Wales), and the DBW’s main office is located in Cardiff, United Kingdom.

This tender creates significant opportunities for businesses specialising in software packages and information systems, particularly those offering industry-specific software solutions. Small and medium-sized enterprises (SMEs) stand to benefit, especially those able to provide scalable, enterprise-level risk management systems that can support DBW's comprehensive lifecycle needs. Firms with capabilities in self-assessment, risk identification, second-line testing, and action follow-ups would be well-suited to compete, especially if they possess innovative functionalities and strong service support systems. This contract reflects DBW’s commitment to enhancing their risk management infrastructure, presenting a stable, long-term partnership opportunity for the chosen supplier.

How relevant is this notice?

Notice Information

Notice Title

The Provision of a Risk Management System

Notice Description

DBW is looking for an off the shelf Enterprise Risk Management solution that supports the full lifecycle of risk management from identification of risks and controls to self-assessment, second line testing and following up on actions.

Lot Information

Lot 1

DBW was seeking a supplier to provide a risk management system to the DBW Group.

Renewal: DBW has the option to extend the contract for two further periods of 36 months each.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04865e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/002249-2025
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

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

CPV Codes

48000000 - Software package and information systems

48100000 - Industry specific software package

48517000 - IT software package

72222300 - Information technology services

Notice Value(s)

Tender Value
£300,000 £100K-£500K
Lots Value
£300,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£891,147 £500K-£1M

Notice Dates

Publication Date
22 Jan 20251 years ago
Submission Deadline
6 Sep 2024Expired
Future Notice Date
Not specified
Award Date
3 Dec 198738 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Development Bank of Wales
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CARDIFF
Postcode
CF10 4BZ
Postcode Area
Cardiff
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL52 Cardiff and Vale of Glamorgan
Delivery Location
TLL Wales
Local Authority
Cardiff
Electoral Ward
Butetown
Westminster Constituency
Cardiff South and Penarth

Supplier Information

Number of Suppliers
1
Supplier Name

Corporate Governance Risk

Further Information

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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