Risk and Audit System Replacement Project
Details
- Supplier(s)
- Core Stream Ltd
- Value
- £565,550
- Duration
- 5 years
- Topic
- IT software package
- Published
- 16 October 2024
- Source
- uk:contracts_finder
Tender description
The FCA need to procure a new risk management solution as the current contract with the incumbent supplier will come to an end in Mar 25. In parallel to this, Internal Audit's use of the Pentana system will also come to a close in June 25 (also due to end of contract lifetime), and the Risk and Audit System replacement project has been stood up to source a new contract that satisfies both areas, along with a system fit for purpose for both areas. The contract term requirement would be a 3+1+1 year contract.
Timeline
- Completed: Award date23 September 2024
- Completed: Award published16 October 2024Current notice
- Next: Contract expiry date22 September 2029in 3 years
About the buyer
The Financial Conduct Authority regulates the UK's financial services industry, and buys as a central government body with its own procurement function. Every tender runs through Atamis, the FCA's eTendering portal, with opportunities also advertised on Find a Tender and Contracts Finder. Larger contracts fall under the Public Contract Regulations 2015 once they pass a set threshold. Both pan-government and FCA-tendered framework agreements offer alternative routes to market. A Supplier Code of Conduct, updated in 2022, covers climate change, resilience and data protection standards for suppliers. An ethical procurement standard applies to purchases wherever possible.
Procurement spend from central entities makes up 66% of overall UK public spend.
Over the past 5 years, most of the Financial Conduct Authority's contract awards have been in IT services, business services and software and information systems.
Relevant CPV codes
- 48517000 · IT software package
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@financial-conduct-authority.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@financial-conduct-authority.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@financial-conduct-authority.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@financial-conduct-authority.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@financial-conduct-authority.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@financial-conduct-authority.gov |
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