Official UK procurement notice
Third Party Due Diligence Security Assessment Partner
Authority: Financial Conduct Authority (Public body)
What is being bought
Published requirement descriptionThe 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.
CPV: IT services: consulting, software development, Internet and support
The lotProcurement structure
single lot · value publishedLot #1AwardedRenewalPublished value£300,000
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published sub-criteria (14)
- 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%
Published award criteria (14)
- 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
- Suitability
As stated in the procurement documents
- Price carries 30 of 100 points: a 10% discount moves about 3 points. The method statement decides this lot, not the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 20 Jul 2023, 12:05 BST
- Last source update
- 14 Feb 2024, 12:07 GMT
- Award evaluation window
- 21 Aug 2023 – …
- Authority reference
CON-22-277- FTS notice number
2024/S 000-004906- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-03e3c2Find a Tender
- Performance terms
As stated in the procurement documents
- Review procedure
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.
Publisher note: 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. To view this notice, please click here: <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> GO Reference: GO-2024214-PRO-25170500
How it was run
Official notice- Submission deadline
- 21 Aug 2023, 11:59 BST
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bid validity
- 180 days from the deadline
- Bids opened
- 21 Aug 2023, 12:01 BST
Timeline
21 Aug 2023 → 14 Feb 2024 · 3 dates- Submission deadline21 Aug 2023, 11:59 BST
- Bids opened21 Aug 2023, 12:01 BST
- Notice published14 Feb 2024, 12:07 GMT
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete14 Feb 2024, 12:07 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Toro Risk Solutions - Global Limited | £600,000 † | — | Awarded |
Contracts
Contract 004906-2024-1 · Toro Risk Solutions - Global Limited
- Signed
- 24 Nov 2023
- Value
- £600,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 11bids · 11 electronic | — | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High Court of England and WalesReview body
Bidders & participating suppliers
1 commercial party on the notice- Toro Risk Solutions - Global LimitedAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Technical selection criteria
- Economic and financial selection criteria