Source: https://tendernation.io/opportunities/01a13c38-1f7e-713a-a4b1-13b2997baaa4/gb-london-fscs372-governance-risk-and-compliance-system closed GB open procedure Suitable for SMEs # GB-London: FSCS372 Governance, Risk and Compliance System [Financial Services Compensation Scheme](https://tendernation.io/buyers/financial-services-compensation-scheme) Estimated value £100,000 to £500,000 Published 7 Jun 2019 Deadline Closed 28 Jun 2019 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Buyer says suitable for VCSEs The buyer ticked “suitable for voluntary, community and social enterprises” on the notice. - Open procedure Anyone can submit a full tender; there is no shortlisting stage. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender ### 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. Additional 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. Read full description ## CPV classification Software package and information systems Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/3410e79f-7b3b-482d-afb2-7a16c56535fc) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. 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