---
title: "The Provision of a Risk Management System"
ocid: "ocds-h6vhtk-04865e"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04865e"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04865e.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04865e.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "DEVELOPMENT BANK OF WALES"
published: "2025-01-22"
---

# The Provision of a Risk Management System

Buyer: DEVELOPMENT BANK OF WALES  
Current stage: Award  
OCID: ocds-h6vhtk-04865e

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## Summary

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.

## Notice

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/002249-2025 |
| 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 |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 22 Jan 2025 |
| Submission deadline | 6 Sep 2024 |
| Future notice date | Not specified |
| Award date | 3 Dec 1987 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £300,000 |
| Lots value | £300,000 |
| Awards value | Not specified |
| Contracts value | £891,147 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | DEVELOPMENT BANK OF WALES |
| Locality | CARDIFF |
| Post town | Cardiff |
| Postcode | CF10 4BZ |
| Country | Wales |
| ITL 1 | TLL Wales |
| ITL 2 | TLL5 South East Wales |
| ITL 3 | TLL52 Cardiff and Vale of Glamorgan |
| Local authority | Cardiff |
| Electoral ward | Butetown |
| Westminster constituency | Cardiff South and Penarth |
| Delivery location | TLL Wales |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | CORPORATE GOVERNANCE RISK |

## CPV Codes

### Divisions

- 48 - Software package and information systems
- 72 - IT services: consulting, software development, Internet and support

### Codes

- 48000000 - Software package and information systems
- 48100000 - Industry specific software package
- 48517000 - IT software package
- 72222300 - Information technology services

## Release History

- 22 Jan 2025 at 15:28 - AwardUpdate - Award Notice - https://www.find-tender.service.gov.uk/Notice/002249-2025
- 4 Dec 2024 at 09:41 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/038995-2024
- 31 Jul 2024 at 13:43 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/023971-2024

## Notice URLs

- https://etenderwales.bravosolution.co.uk
- https://etenderwales.bravosolution.co.uk/web/login.shtml
- https://www.developmentbank.wales
- https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0555

## 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-h6vhtk-04865e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04865e.json.