Section one: Contracting authority/entity
one.1) Name and addresses
Development Bank of Wales
1 Capital Quarter Tyndall Street
Cardiff
CF10 4BZ
procurement@developmentbank.wales
Telephone
+44 2920338100
Fax
+44 2920338101
Country
United Kingdom
NUTS code
UKL - Wales
Internet address(es)
Main address
https://www.developmentbank.wales
Buyer's address
https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0555
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
The Provision of a Risk Management System
Reference number
DBW00043.00
two.1.2) Main CPV code
- 72222300 - Information technology services
two.1.3) Type of contract
Services
two.2) Description
two.2.2) Additional CPV code(s)
- 48000000 - Software package and information systems
- 48100000 - Industry specific software package
two.2.3) Place of performance
NUTS codes
- UKL - Wales
two.2.4) Description of the procurement at the time of conclusion of the contract:
2.2 DBW’s current risk management software contract expires in February 2025. DBW is looking for an off the shelf Enterprise Risk Management solution that supports the full lifecycle of risk management from identification of risks and controls to self-assessment, second line testing and following up on actions. The solution must be able to take into consideration DBW’s risks and controls, accommodate a growing number of business units each with their own dedicated risk and control registers, as well as a place to document risk events that may occur in the course of business.
Further information can be obtained from the Invitation to Tender.
two.2.7) Duration of the contract, framework agreement, dynamic purchasing system or concession
Duration in months
108
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
Section four. Procedure
four.2) Administrative information
four.2.1) Contract award notice concerning this contract
Notice number: 2024/S 000-038995
Section five. Award of contract/concession
Contract No
DBW00043
Title
The Provision of a Risk Management System
five.2) Award of contract/concession
five.2.1) Date of conclusion of the contract/concession award decision:
3 December 2024
five.2.2) Information about tenders
The contract/concession has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor/concessionaire
Corporate Governance Risk
1 Toomers Wharf, Canal Walk
Newbury
RG141DY
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor/concessionaire is an SME
Yes
five.2.4) Information on value of the contract/lot/concession (at the time of conclusion of the contract;excluding VAT)
Total value of the procurement: £600,000
Section six. Complementary information
six.3) Additional information
The increase in value is due to the modifications/upgrades/increase in modules over the contract period.
(WA Ref:147566)
six.4) Procedures for review
six.4.1) Review body
High Court
Royal Courts of Justice, The Strand
London
WC2A 2LL
Telephone
+44 2079477501
Country
United Kingdom
Section seven: Modifications to the contract/concession
seven.1) Description of the procurement after the modifications
seven.1.1) Main CPV code
- 48517000 - IT software package
seven.1.3) Place of performance
NUTS code
- UKL - Wales
seven.1.4) Description of the procurement:
DBW was seeking a supplier to provide a risk management system to the DBW Group.
seven.1.5) Duration of the contract, framework agreement, dynamic purchasing system or concession
Duration in months
108
seven.1.6) Information on value of the contract/lot/concession (excluding VAT)
Total value of the contract/lot/concession:
£600,000
seven.1.7) Name and address of the contractor/concessionaire
Corporate Governance Risk
1 Toomers Wharf, Canal Walk
Newbury
RG141DY
Telephone
+44 7780986929
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor/concessionaire is an SME
Yes
seven.2) Information about modifications
seven.2.1) Description of the modifications
Nature and extent of the modifications (with indication of possible earlier changes to the contract):
The increase in value is due to modifications/upgrades/increase in modules over the contract period.
seven.2.2) Reasons for modification
Need for additional works, services or supplies by the original contractor/concessionaire.
Description of the economic or technical reasons and the inconvenience or duplication of cost preventing a change of contractor:
The modules and upgrades formed part of the tender documentation.
seven.2.3) Increase in price
Updated total contract value before the modifications (taking into account possible earlier contract modifications, price adaptions and average inflation)
Value excluding VAT: £291,147
Total contract value after the modifications
Value excluding VAT: £600,000