Award

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 00:00

Award

04 Dec 2024 at 00:00

Tender

31 Jul 2024 at 00:00

Summary of the contracting process

The Development Bank of Wales is managing a procurement process for "The Provision of a Risk Management System" in the services category. This contract involves the supply of a comprehensive risk management solution to support the organisation's risk lifecycle activities, including identification, control, assessment, and tracking. The procurement employs an open procedure and has moved through various stages, culminating in the award and signing of the contract on 3rd December 2024. The project is situated in Cardiff, Wales (UKL). The contract spans a period of 1080 days, with an option for two additional extensions of 36 months each. Important dates include the tender period ending on 6th September 2024, and the subsequent contract period beginning the same day.

This tender represents a significant opportunity for businesses specialising in risk management software solutions, particularly those offering off-the-shelf systems capable of handling comprehensive risk management lifecycles. SMEs with expertise in this area, such as the awarded supplier Corporate Governance Risk, can benefit from the high-value contract worth £600,000 over an extended duration. The contract requires accommodation of an increasing number of business units and the capability to document risk events. Businesses adept at providing scalable and adaptable risk management solutions will find this procurement highly beneficial for their growth and market presence.

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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.

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-143431
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=143431
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F20 - Modification 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
Complete
Awards Status
Not Specified
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
DEVELOPMENT BANK OF WALES
Contact Name
Leanne Millard
Contact Email
leanne.millard@developmentbank.wales, procurement@developmentbank.wales
Contact Phone
+44 2920338100

Buyer Location

Locality
WREXHAM
Postcode
LL1 37Y
Post Town
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

Notice Documents

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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