--- title: "GB-London: FSCS372 Governance, Risk and Compliance System" ocid: "ocds-b5fd17-3410e79f-7b3b-482d-afb2-7a16c56535fc" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-3410e79f-7b3b-482d-afb2-7a16c56535fc" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-3410e79f-7b3b-482d-afb2-7a16c56535fc.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-3410e79f-7b3b-482d-afb2-7a16c56535fc.json" source: "Contracts Finder" current_stage: "Tender" buyer: "FINANCIAL SERVICES COMPENSATION SCHEME" published: "2019-06-07" --- # GB-London: FSCS372 Governance, Risk and Compliance System Buyer: FINANCIAL SERVICES COMPENSATION SCHEME Current stage: Tender OCID: ocds-b5fd17-3410e79f-7b3b-482d-afb2-7a16c56535fc [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-3410e79f-7b3b-482d-afb2-7a16c56535fc) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-3410e79f-7b3b-482d-afb2-7a16c56535fc.json) ## Summary The Financial Services Compensation Scheme (FSCS) is conducting an open tender for the procurement of a Governance, Risk and Compliance (GRC) system, titled "GB-London: FSCS372 Governance, Risk and Compliance System". This initiative falls within the software package and information systems industry and is located in London, UK. The tender period is currently active and will conclude on 28th June 2019, with the anticipated contract period starting from 2nd September 2019 and lasting until 30th September 2022. Tender submissions must not exceed the maximum budget of £120,000 for the initial three-year contract term to be considered for evaluation. This tender presents substantial opportunities for small and medium enterprises (SMEs) and could benefit businesses specialising in risk management software solutions, data management, and compliance systems. With the FSCS's emphasis on a GRC system that supports various functions, including project management, IT, and legal compliance, businesses capable of showcasing a product that meets these criteria and demonstrates the ability to enhance the user experience may find themselves well-positioned to win this contract. Companies should consider how their offerings align with the FSCS’s requirements to effectively compete in this procurement process. ## Notice Governance, Risk and Compliance (GRC) System FSCS are seeking to procure a Governance, Risk and Compliance (GRC) system to help facilitate the embedment of its Enterprise Risk Management Framework (ERMF). FSCS's ERMF is intended to align the management of the organisation's risks with the ISO31000 Risk Management standard and the FSCS corporate strategy. The GRC system must support the end to end risk management process, automating notifications and tasks relating to risk management activities, providing improved reporting and analytics and delivering an improved user experience. The GRC system must meet the following minimum capabilities: *enterprise risk and control data management, *risk assurance, *control assessment, *configure custom data fields, *change control and versioning *task management, workflow and notifications, *permissions management *reporting and analytics *business metrics *risk event management *data migration Part of minimum requirements for this procurement is that tenderers bids are within FSCS maximum budget of PS120,000 for the initial 3-year contract term for this procurement. Bids priced above PS120,000 will not be considered for further evaluation and will be disqualified. In addition to meeting the Enterprise Risk Management Framework requirements, additional 'secondary' requirements have also been identified in relation to functions including Project Management Office (PMO), Information Technology (IT), Information Security, Legal Compliance and Third-Party Risk. FSCS would like to understand the proposal for if, and consequentially how, the winning Tenderer's GRC system could meet these broader requirements to determine whether to increase the scope of the tool to facilitate these additional teams' needs. Additional information: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/1f482912-2120-411c-b6c6-ed1c72545ce0 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | SME, VCSE | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 7 Jun 2019 | | Submission deadline | 28 Jun 2019 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 1 Sep 2019 - 30 Sep 2022 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £500,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | FINANCIAL SERVICES COMPENSATION SCHEME | | Locality | LONDON, | | Post town | Central London | | Postcode | EC3A 7QU | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI3 Inner London - West | | ITL 3 | TLI35 Westminster and City of London | | Local authority | City of London | | Electoral ward | Portsoken | | Westminster constituency | Cities of London and Westminster | | Delivery location | TLI London | ## CPV Codes ### Divisions - 48 - Software package and information systems ### Codes - 48000000 - Software package and information systems ## Release History - 7 Jun 2019 at 09:40 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/1f482912-2120-411c-b6c6-ed1c72545ce0 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/1f482912-2120-411c-b6c6-ed1c72545ce0 7th June 2019 - Opportunity notice on Contracts Finder - https://www.delta-esourcing.com/tenders/UK-GB-London:-FSCS372-Governance%2C-Risk-and-Compliance-System/68G68EV7A3 Please follow this link to view the notice. ## 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-b5fd17-3410e79f-7b3b-482d-afb2-7a16c56535fc. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-3410e79f-7b3b-482d-afb2-7a16c56535fc.json.