---
title: "Third Party Risk Management Tool"
ocid: "ocds-b5fd17-338b3a40-5e8f-48be-85e7-f865cd02b8da"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-338b3a40-5e8f-48be-85e7-f865cd02b8da"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-338b3a40-5e8f-48be-85e7-f865cd02b8da.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-338b3a40-5e8f-48be-85e7-f865cd02b8da.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "FINANCIAL CONDUCT AUTHORITY"
published: "2024-09-02"
---

# Third Party Risk Management Tool

Buyer: FINANCIAL CONDUCT AUTHORITY  
Current stage: Award  
OCID: ocds-b5fd17-338b3a40-5e8f-48be-85e7-f865cd02b8da

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-338b3a40-5e8f-48be-85e7-f865cd02b8da)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-338b3a40-5e8f-48be-85e7-f865cd02b8da.json)

## Summary

The Financial Conduct Authority has awarded Bytes Software Services Limited a contract for the provision of a Third Party Risk Management Tool. The procurement, falling under the software package and information systems category, was conducted through a call-off from the KCS Procurement Services Framework Y20011. Located in London, the contract period is from 4th March 2024 to 3rd March 2027, with a total award value of £139,608.00 excluding VAT for the initial three-year term. There are two optional extensions of twelve months each. This award marks the completion stage of the procurement process, with the tender having ended on 5th December 2023.

This tender presents an advantageous opportunity for businesses specialising in software packages and associated services. It highlights the potential for significant growth through the provision of specialised risk management tools to major financial organisations. Businesses well-suited to compete in such tenders are those with robust capabilities in software development and risk management solutions, particularly those experienced in working with frameworks and selective procurement methods. Opportunities like this can open the door to long-term relationships and substantial contracts in a competitive industry.

## Notice

This is a contract award to Bytes Software Services Limited for the Provision a Third Party Risk Management Tool. The KCS Procurement Services Framework Y20011 for Software Products and Associated Services 2 was used for the Call Off. The Call off Contract is awarded for three (3) years and includes two (2) extension option of twelve (12) months each. The award value of PS139,608.00 ex VAT is for the initial 3 year term only.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/c9922f51-0ad6-444c-afa0-61e9facf4dba |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Goods |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 2 Sep 2024 |
| Submission deadline | 5 Dec 2023 |
| Future notice date | Not specified |
| Award date | 1 Feb 2024 |
| Contract period | 4 Mar 2024 - 3 Mar 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £139,608 |
| Lots value | Not specified |
| Awards value | £139,608 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | FINANCIAL CONDUCT AUTHORITY |
| Locality | LONDON |
| Post town | East London |
| Postcode | E20 1JN |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI41 Hackney and Newham |
| Local authority | Newham |
| Electoral ward | Stratford Olympic Park |
| Westminster constituency | Stratford and Bow |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BYTES SOFTWARE SERVICES |

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48000000 - Software package and information systems

## Release History

- 2 Sep 2024 at 15:27 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/c9922f51-0ad6-444c-afa0-61e9facf4dba

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/c9922f51-0ad6-444c-afa0-61e9facf4dba
  2nd September 2024 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-338b3a40-5e8f-48be-85e7-f865cd02b8da. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-338b3a40-5e8f-48be-85e7-f865cd02b8da.json.