--- title: "The Provision of a Risk Management System" ocid: "ocds-kuma6s-143431" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-kuma6s-143431" markdown_url: "https://d3tenders.com/contract/ocds-kuma6s-143431.md" json_url: "https://d3tenders.com/contract/ocds-kuma6s-143431.json" source: "Sell2Wales" 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-kuma6s-143431 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-kuma6s-143431) [Download OCDS JSON](https://d3tenders.com/contract/ocds-kuma6s-143431.json) ## Summary 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. ## 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 | Sell2Wales | | Latest notice | https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=143431 | | 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 | | 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 | Complete | | Awards status | Not specified | | Contracts status | Active | ## Buyer | Field | Value | | --- | --- | | Main buyer | DEVELOPMENT BANK OF WALES | | Locality | WREXHAM | | Post town | Cardiff | | Postcode | LL1 37Y | | 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 00:00 - AwardUpdate - OJEU - F20 - Modification Notice - https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=143431 - 4 Dec 2024 at 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=143431 - 31 Jul 2024 at 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=143431 ## Documents - https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=JUL486378 The Provision of a Risk Management System - 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. - https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=DEC495380 The Provision of a Risk Management System - 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. - https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=JAN497251 The Provision of a Risk Management System ## Notice URLs - http://developmentbank.wales - https://api.sell2wales.gov.wales/v1?lang=cy/Notice?id=ocds-kuma6s-143431 - https://etenderwales.bravosolution.co.uk - https://etenderwales.bravosolution.co.uk/web/login.shtml - https://www.developmentbank.wales ## 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-kuma6s-143431. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-kuma6s-143431.json.