Financial Services Compensation Scheme: GB-London: FSCS372 Governance, Risk and Compliance System

  Financial Services Compensation Scheme is using Delta eSourcing to run this tender exercise

Notice Summary
Title: GB-London: FSCS372 Governance, Risk and Compliance System
Notice type: Competitive Contract Notice
Authority: Financial Services Compensation Scheme
Nature of contract: Services
Procedure: Not applicable
Short Description: 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 £120,000 for the initial 3-year contract term for this procurement. Bids priced above £120,000 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.
Published: 07/06/2019 10:34
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Competitive Contract Notice

1. Title: GB-London: FSCS372 Governance, Risk and Compliance System
2. Awarding Authority:
    Financial Services Compensation Scheme
    10th Floor Beaufort House,, 15 St Botolph Street,, London,, EC3A 7QU, United Kingdom
    Tel. 0207 375 8197, Email: procurement@fscs.org.uk, URL: www.delta-esourcing.com
    Contact: Jean Mutudza, Attn: Jean Mutudza
3. Contract Type: Services
      Sub Type: Financial services: Insurance services and Banking and investment services.

4. Description: Software package and information systems. 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 £120,000 for the initial 3-year contract term for this procurement. Bids priced above £120,000 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.
5. CPV Codes:
   48000000 - Software package and information systems.

6. NUTS Codes :
   UKI4 - Inner London – East

7. Main Site or Location of Works, Main Place of Delivery or Main Place of Performance: Inner London – East,
8. Reference Attributed by the Awarding Authority: FSCS372
9. Estimated Value of Requirement: Category H: 100K to 500K
Currency: GBP
10. Deadline for Expression of Interest: 28/06/2019 14:00:00
11. Address to which they must be sent:
    Financial Services Compensation Scheme
    10th Floor Beaufort House,, 15 St Botolph Street,, London,, EC3A 7QU, United Kingdom
    Tel. 0207 375 8197, Email: procurement@fscs.org.uk, URL: www.delta-esourcing.com
    Contact: Jean Mutudza, Attn: Jean Mutudza
   
12. Other Information:
Other 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.
For more information about this opportunity, please visit the Delta eSourcing portal at:
https://www.delta-esourcing.com/tenders/UK-GB-London:-FSCS372-Governance%2C-Risk-and-Compliance-System/68G68EV7A3

To respond to this opportunity, please click here:
https://www.delta-esourcing.com/respond/68G68EV7A3
TKR-201967-PRO-14973082
Suitable for VCO: Yes
Procedure Type:OPEN
Period of Work Start date: 02/09/2019
Period of Work End date: 30/09/2022
Is this a Framework Agreement?: no

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