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AwardedFind a Tender · award

Third Party Due Diligence Security Assessment Partner

Buyer: Financial Conduct Authority →

BuyerFinancial Conduct Authority
StatusAwarded
DeadlineNot published
ValueValue not published
Published14 Feb 2024

What is being bought

The Financial Conduct Authority (FCA) is awarding a contract for a partner to perform third party due diligence. The FCA will request the partner to undertake cyber security assessments as and when required based on an agreed rate card.

Delivery location

UK

Categories

IT services: consulting, software development, Internet and support 72000000

Lot details

Lot 1

The Financial Conduct Authority (FCA) is awarding a contract for a partner to perform third party due diligence. The FCA will request the partner to undertake cyber security assessments as and when required based on an agreed rate card. Additional information: This is a contract award notice.

Statuscancelled

Award criteria
Account Management Approach — 5
Reporting — 5
Core Requirements — 35
Trend and New Developments — 5
Contract Approach and Methodology — 5
Collaboration and Communication — 3.5
Exit Strategy — 2
Service Level Agreements — 2
Scenario Based Assessment: Case Study 1 — 1.5
Scenario Based Assessment: Case Study 2 — 1.5
Scenario Based Assessment: Case Study 3 — 1.5
Scenario Based Assessment: Case Study 4 — 1.5
Scenario Based Assessment: Case Study 5 — 1.5
Price — 30

What is included

ItemCategoryQuantity
1Not publishedNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 72. The category anchor is IT services: consulting, software development, Internet and support (72000000); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 7210,5392 median · 15.4 average (4,162 of 10,539 with a bid count)2 average (5,054 of 10,539 with named award suppliers)Not published
Same buyer224.5 median · 47.4 average (14 of 22 with a bid count)5.1 average (15 of 22 with named award suppliers)Not published
Delivery region: UK3,3252 median · 33.9 average (1,171 of 3,325 with a bid count)2.8 average (1,501 of 3,325 with named award suppliers)Not published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byGPA
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Awards

Contracts

004906-2024-1

Statusactive
Value£600,000

Documents & submission route

No documents are published in the current source record.

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-03e3c2
Latest release ID004906-2024
Latest release timestampWed Feb 14 2024 12:07:35 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statuscomplete
Procurement methodopen
Procurement method detailsOpen procedure
Main procurement categoryservices
Above thresholdNot published
Legal basis32014L0024
Tender period: startNot published
Tender period: endNot published
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: startNot published
Award period: endNot published
Submission method detailsNot published
Submission languagesNot published
Electronic catalogue policyNot published
Total tender valueNot published
Tender lots in source1
Tender items in source1
Tender documents in source0
Awards in latest release1
Contracts in latest release1
Parties in latest release3

Notice history

DateEventReference
14 Feb 2024award, contract004906-2024
20 Jul 2023tender020926-2023

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
{
  "id": "004906-2024",
  "tag": [
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    "contract"
  ],
  "bids": {
    "statistics": [
      {
        "id": "1",
        "value": 11,
        "measure": "bids",
        "relatedLot": "1"
      },
      {
        "id": "2",
        "value": 11,
        "measure": "electronicBids",
        "relatedLot": "1"
      }
    ]
  },
  "date": "2024-02-14T12:07:35Z",
  "ocid": "ocds-h6vhtk-03e3c2",
  "buyer": {
    "id": "GB-FTS-3518",
    "name": "Financial Conduct Authority"
  },
  "awards": [
    {
      "id": "004906-2024-1",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-FTS-105079",
          "name": "Toro Risk Solutions - Global Limited"
        }
      ],
      "relatedLots": [
        "1"
      ]
    }
  ],
  "tender": {
    "id": "CON-22-277",
    "lots": [
      {
        "id": "1",
        "status": "cancelled",
        "hasOptions": false,
        "description": "The Financial Conduct Authority (FCA) is awarding a contract for a partner to perform third party due diligence. The FCA will request the partner to undertake cyber security assessments as and when required based on an agreed rate card. Additional information: This is a contract award notice.",
        "awardCriteria": {
          "criteria": [
            {
              "name": "Account Management Approach",
              "type": "quality",
              "description": "5"
            },
            {
              "name": "Reporting",
              "type": "quality",
              "description": "5"
            },
            {
              "name": "Core Requirements",
              "type": "quality",
              "description": "35"
            },
            {
              "name": "Trend and New Developments",
              "type": "quality",
              "description": "5"
            },
            {
              "name": "Contract Approach and Methodology",
              "type": "quality",
              "description": "5"
            },
            {
              "name": "Collaboration and Communication",
              "type": "quality",
              "description": "3.5"
            },
            {
              "name": "Exit Strategy",
              "type": "quality",
              "description": "2"
            },
            {
              "name": "Service Level Agreements",
              "type": "quality",
              "description": "2"
            },
            {
              "name": "Scenario Based Assessment: Case Study 1",
              "type": "quality",
              "description": "1.5"
            },
            {
              "name": "Scenario Based Assessment: Case Study 2",
              "type": "quality",
              "description": "1.5"
            },
            {
              "name": "Scenario Based Assessment: Case Study 3",
              "type": "quality",
              "description": "1.5"
            },
            {
              "name": "Scenario Based Assessment: Case Study 4",
              "type": "quality",
              "description": "1.5"
            },
            {
              "name": "Scenario Based Assessment: Case Study 5",
              "type": "quality",
              "description": "1.5"
            },
            {
              "name": "Price",
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            }
          ]
        }
      }
    ],
    "items": [
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        "deliveryLocation": {
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        },
        "deliveryAddresses": [
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            "region": "UK"
          }
        ]
      }
    ],
    "title": "Third Party Due Diligence Security Assessment Partner",
    "status": "complete",
    "coveredBy": [
      "GPA"
    ],
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "description": "The Financial Conduct Authority (FCA) is awarding a contract for a partner to perform third party due diligence. The FCA will request the partner to undertake cyber security assessments as and when required based on an agreed rate card.",
    "reviewDetails": "Any review proceedings will be dealt with in accordance with the requirements of the Public Contracts Regulations 2015 ('PCR 2015'). Any review proceedings must be brought within the timescales specified by the applicable law, including, without limitation, PCR 2015. In accordance with PCR 2015, the contracting party will incorporate a minimum ten (10) calendar days standstill period from the date information on the award of the contract is communicated to tenderers. The notification will provide full information on the award decision.",
    "classification": {
      "id": "72000000",
      "scheme": "CPV",
      "description": "IT services: consulting, software development, Internet and support"
    },
    "procurementMethod": "open",
    "mainProcurementCategory": "services",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-3518",
      "name": "Financial Conduct Authority",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "postalCode": "E20 1JN",
        "countryName": "United Kingdom",
        "streetAddress": "12 Endeavour Square"
      },
      "details": {
        "url": "https://www.fca.org.uk/",
        "buyerProfile": "https://fca.delta-esourcing.com/",
        "classifications": [
          {
            "id": "BODY_PUBLIC",
            "scheme": "TED_CA_TYPE",
            "description": "Body governed by public law"
          },
          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
        ]
      },
      "identifier": {
        "legalName": "Financial Conduct Authority"
      },
      "contactPoint": {
        "name": "Paul Riley",
        "email": "Paul.Riley@fca.org.uk",
        "telephone": "+44 2070660911"
      }
    },
    {
      "id": "GB-FTS-105079",
      "name": "Toro Risk Solutions - Global Limited",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "postalCode": "SW1Y 5BL",
        "countryName": "United Kingdom",
        "streetAddress": "17-19 Cockspur Street"
      },
      "details": {
        "url": "https://www.torosolutions.co.uk/",
        "scale": "large"
      },
      "identifier": {
        "id": "09465940",
        "legalName": "Toro Risk Solutions - Global Limited"
      },
      "contactPoint": {
        "email": "info@torosolutions.co.uk",
        "telephone": "+44 02081329267"
      }
    },
    {
      "id": "GB-FTS-1126",
      "name": "High Court of England and Wales",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "London",
        "postalCode": "WC2A 2LL",
        "countryName": "United Kingdom",
        "streetAddress": "Royal Courts of Justice, The Strand"
      },
      "identifier": {
        "legalName": "High Court of England and Wales"
      }
    }
  ],
  "language": "en",
  "contracts": [
    {
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      "value": {
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        "currency": "GBP"
      },
      "status": "active",
      "awardID": "004906-2024-1",
      "dateSigned": "2023-11-24T00:00:00Z"
    }
  ],
  "description": "The award of £600,000 ex VAT is for the initial two years of the contract and capped at £300,000 ex VAT per year. The value of spend, will be dependent on the number of assessments in each year period and will be priced in accordance to the rate card within the contract. There will be two options to extend beyond the initial term of 24 months. Both options will be up to 12 months in duration, meaning the maximum term will be 48 months.\nTo view this notice, please click here: \n<a href=\"https://fca.delta-esourcing.com/delta/viewNotice.html?noticeId=842660144\" target=\"_blank\">https://fca.delta-esourcing.com/delta/viewNotice.html?noticeId=842660144</a>\n GO Reference: GO-2024214-PRO-25170500",
  "initiationType": "tender"
}
Complete JSON history (2 releases)
14 Feb 2024 · 004906-2024 · award, contract
{
  "id": "004906-2024",
  "tag": [
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  ],
  "bids": {
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  "date": "2024-02-14T12:07:35Z",
  "ocid": "ocds-h6vhtk-03e3c2",
  "buyer": {
    "id": "GB-FTS-3518",
    "name": "Financial Conduct Authority"
  },
  "awards": [
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      "relatedLots": [
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  ],
  "tender": {
    "id": "CON-22-277",
    "lots": [
      {
        "id": "1",
        "status": "cancelled",
        "hasOptions": false,
        "description": "The Financial Conduct Authority (FCA) is awarding a contract for a partner to perform third party due diligence. The FCA will request the partner to undertake cyber security assessments as and when required based on an agreed rate card. Additional information: This is a contract award notice.",
        "awardCriteria": {
          "criteria": [
            {
              "name": "Account Management Approach",
              "type": "quality",
              "description": "5"
            },
            {
              "name": "Reporting",
              "type": "quality",
              "description": "5"
            },
            {
              "name": "Core Requirements",
              "type": "quality",
              "description": "35"
            },
            {
              "name": "Trend and New Developments",
              "type": "quality",
              "description": "5"
            },
            {
              "name": "Contract Approach and Methodology",
              "type": "quality",
              "description": "5"
            },
            {
              "name": "Collaboration and Communication",
              "type": "quality",
              "description": "3.5"
            },
            {
              "name": "Exit Strategy",
              "type": "quality",
              "description": "2"
            },
            {
              "name": "Service Level Agreements",
              "type": "quality",
              "description": "2"
            },
            {
              "name": "Scenario Based Assessment: Case Study 1",
              "type": "quality",
              "description": "1.5"
            },
            {
              "name": "Scenario Based Assessment: Case Study 2",
              "type": "quality",
              "description": "1.5"
            },
            {
              "name": "Scenario Based Assessment: Case Study 3",
              "type": "quality",
              "description": "1.5"
            },
            {
              "name": "Scenario Based Assessment: Case Study 4",
              "type": "quality",
              "description": "1.5"
            },
            {
              "name": "Scenario Based Assessment: Case Study 5",
              "type": "quality",
              "description": "1.5"
            },
            {
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              "description": "30"
            }
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        }
      }
    ],
    "items": [
      {
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        ]
      }
    ],
    "title": "Third Party Due Diligence Security Assessment Partner",
    "status": "complete",
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    "description": "The Financial Conduct Authority (FCA) is awarding a contract for a partner to perform third party due diligence. The FCA will request the partner to undertake cyber security assessments as and when required based on an agreed rate card.",
    "reviewDetails": "Any review proceedings will be dealt with in accordance with the requirements of the Public Contracts Regulations 2015 ('PCR 2015'). Any review proceedings must be brought within the timescales specified by the applicable law, including, without limitation, PCR 2015. In accordance with PCR 2015, the contracting party will incorporate a minimum ten (10) calendar days standstill period from the date information on the award of the contract is communicated to tenderers. The notification will provide full information on the award decision.",
    "classification": {
      "id": "72000000",
      "scheme": "CPV",
      "description": "IT services: consulting, software development, Internet and support"
    },
    "procurementMethod": "open",
    "mainProcurementCategory": "services",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-3518",
      "name": "Financial Conduct Authority",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "postalCode": "E20 1JN",
        "countryName": "United Kingdom",
        "streetAddress": "12 Endeavour Square"
      },
      "details": {
        "url": "https://www.fca.org.uk/",
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      "identifier": {
        "legalName": "Financial Conduct Authority"
      },
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    {
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    {
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      }
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  ],
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      "id": "004906-2024-1",
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      "awardID": "004906-2024-1",
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  "initiationType": "tender"
}
20 Jul 2023 · 020926-2023 · tender
{
  "id": "020926-2023",
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  "date": "2023-07-20T12:05:18+01:00",
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        "contractPeriod": {
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    "tenderPeriod": {
      "endDate": "2023-08-21T11:59:00+01:00"
    },
    "contractTerms": {
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    "hasRecurrence": false,
    "reviewDetails": "Any review proceedings will be dealt with in accordance with the requirements of the Public Contracts Regulations 2015 ('PCR 2015'). Any review proceedings must be brought within the timescales specified by the applicable law, including, without limitation, PCR 2015. In accordance with PCR 2015, the contracting party will incorporate a minimum ten (10) calendar days standstill period from the date information on the award of the contract is communicated to tenderers. The notification will provide full information on the award decision.",
    "classification": {
      "id": "72000000",
      "scheme": "CPV",
      "description": "IT services: consulting, software development, Internet and support"
    },
    "submissionTerms": {
      "languages": [
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      "bidValidityPeriod": {
        "durationInDays": 180
      }
    },
    "submissionMethod": [
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      "written"
    ],
    "procurementMethod": "open",
    "selectionCriteria": {
      "criteria": [
        {
          "type": "suitability",
          "appliesTo": [
            "supplier"
          ],
          "description": "As stated in the procurement documents"
        }
      ]
    },
    "mainProcurementCategory": "services",
    "submissionMethodDetails": "https://fca.delta-esourcing.com/",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-3518",
      "name": "Financial Conduct Authority",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "postalCode": "E20 1JN",
        "countryName": "United Kingdom",
        "streetAddress": "12 Endeavour Square"
      },
      "details": {
        "url": "https://www.fca.org.uk/",
        "buyerProfile": "https://fca.delta-esourcing.com/",
        "classifications": [
          {
            "id": "BODY_PUBLIC",
            "scheme": "TED_CA_TYPE",
            "description": "Body governed by public law"
          },
          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
        ]
      },
      "identifier": {
        "legalName": "Financial Conduct Authority"
      },
      "contactPoint": {
        "url": "https://fca.delta-esourcing.com/",
        "name": "Paul Riley",
        "email": "Paul.Riley@fca.org.uk",
        "telephone": "+44 2070666702"
      }
    },
    {
      "id": "GB-FTS-1126",
      "name": "High Court of England and Wales",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "London",
        "postalCode": "WC2A 2LL",
        "countryName": "United Kingdom",
        "streetAddress": "Royal Courts of Justice, The Strand"
      },
      "identifier": {
        "legalName": "High Court of England and Wales"
      }
    }
  ],
  "language": "en",
  "description": "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.\nFor more information about this opportunity, please visit the Delta eSourcing portal at: \n<a href=\"https://fca.delta-esourcing.com/tenders/UK-UK-London:-IT-services:-consulting%2C-software-development%2C-Internet-and-support./68X5F4XM42\" target=\"_blank\">https://fca.delta-esourcing.com/tenders/UK-UK-London:-IT-services:-consulting%2C-software-development%2C-Internet-and-support./68X5F4XM42</a>\nTo respond to this opportunity, please click here: \n<a href=\"https://fca.delta-esourcing.com/respond/68X5F4XM42\" target=\"_blank\">https://fca.delta-esourcing.com/respond/68X5F4XM42</a>\n GO Reference: GO-2023720-PRO-23452793",
  "initiationType": "tender"
}