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Third Party Due Diligence Security Assessment Partner — Financial Conduct Authority | UKGovscan
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.
This procurement was divided into 1 lots, each awarded separately. 11 bids were received in total.
Lots
1
Initial Term Value
£600,000
Value with Extensions
£300,000
Bids Received
11
Bids per Lot
11
Lot
Value
Bids Received
Awarded To
Status
Lot 1
720 days (≈2 yrs)
£300,000
£600,000 initial term
11
Toro Risk Solutions - Global Limited
active
Data note: the source feed marks these lots as cancelled even though their awards are active — an inconsistency in the published notice. The award status is shown above.
Award criteria
Weightings from the notice.
Account Management Approach5%
Reporting5%
Core Requirements35%
Trend and New Developments5%
Contract Approach and Methodology5%
Collaboration and Communication3.5%
Exit Strategy2%
Service Level Agreements2%
Scenario Based Assessment: Case Study 11.5%
Scenario Based Assessment: Case Study 21.5%
Scenario Based Assessment: Case Study 31.5%
Scenario Based Assessment: Case Study 41.5%
Scenario Based Assessment: Case Study 51.5%
Price30%(price)
Key Dates
Published
14 February 2024
Tender Open
-
Tender Deadline
21 August 2023
Award Date
-
Contract Signed
24 November 2023
Contract Start
-
Contract End
-
Extension option
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.
Procurement Details
Method
Open — any supplier may bid
Method Details
Open procedure
Route to market
Open competition
Main category
Services
Category
IT services: consulting, software development, Internet and support
Delivery location
UK
Open under
WTO Government Procurement Agreement
Buyer Reference
CON-22-277
Legal Basis
Public Contracts Regulations 2015 (EU Directive 2014/24)
CPV Codes
72000000 – IT services: consulting, software development, Internet and support