---
title: "Risk & Controls management software"
ocid: "ocds-b5fd17-e2a0003f-0e50-48b9-afef-23f9eeee7d0d"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-e2a0003f-0e50-48b9-afef-23f9eeee7d0d"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-e2a0003f-0e50-48b9-afef-23f9eeee7d0d.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-e2a0003f-0e50-48b9-afef-23f9eeee7d0d.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE FINANCIAL REPORTING COUNCIL LIMITED"
published: "2022-10-03"
---

# Risk & Controls management software

Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-e2a0003f-0e50-48b9-afef-23f9eeee7d0d

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## Summary

The Financial Reporting Council (FRC) has awarded a contract for Risk & Controls management software to Decision Time Ltd. The contract, with a value of £120,000, aims to enhance organisational risk maturity through an automated reporting tool providing better analytics and insight. The procurement method was selective, with a tender period ending on 18th August 2022. The contract period is from 17th October 2022 to 16th October 2024, suitable for SMEs and VCSEs. The FRC is located in London, EC2Y 5AS, in the services category.

This contract presents an opportunity for businesses specialising in IT services, consulting, software development, and support to collaborate with the Financial Reporting Council. The award notice indicates potential for contract extension by 1 + 1 years, offering long-term prospects when delivering risk management solutions. Suitable businesses with expertise in risk management software and cloud hosting may find this tender particularly well-suited for business growth and partnership opportunities in the services industry.

## Notice

THIS IS A CONTRACT AWARD NOTICE The purpose of the Financial Reporting Council (FRC) is to serve the public interest by setting high standards of corporate governance, reporting and audit and by holding to account those responsible for delivering them. As part of our commitment to improving our organisational risk maturity we have identified the benefits of an automated reporting tool, to support better analytics and insight for data-driven decisions and address staff concerns. The tender was to procure Risk management software to embed optimum risk management across organisation. A Risk & Controls management software covering all functionality, cloud hosting, unlimited storage, support services (both telephone and email support), proactive), quarterly review meetings, pro-active account management, bug fixes and ongoing functional development of the software, training and training material(s). Additional information: THIS IS A CONTRACT AWARD NOTICE

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/8a1fbabc-3f0c-4b8c-b37b-05e24ffd942d |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | SME, VCSE |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 3 Oct 2022 |
| Submission deadline | 18 Aug 2022 |
| Future notice date | Not specified |
| Award date | 27 Sep 2022 |
| Contract period | 16 Oct 2022 - 16 Oct 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £120,000 |
| Lots value | Not specified |
| Awards value | £55,550 |
| 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 | THE FINANCIAL REPORTING COUNCIL LIMITED |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2Y 5AS |
| 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 | Bassishaw |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | DECISION TIME |

## CPV Codes

### Divisions

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

### Codes

- 66517300 - Risk management insurance services
- 72000000 - IT services: consulting, software development, Internet and support

## Release History

- 3 Oct 2022 at 09:15 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/8a1fbabc-3f0c-4b8c-b37b-05e24ffd942d

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/8a1fbabc-3f0c-4b8c-b37b-05e24ffd942d
  3rd October 2022 - 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-e2a0003f-0e50-48b9-afef-23f9eeee7d0d. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-e2a0003f-0e50-48b9-afef-23f9eeee7d0d.json.