Third Party Due Diligence Security Assessment Partner
Estimated value
—
Awarded value
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Suppliers
1
Lots
1
Published
14 Feb 2024
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.
Scope
- Reference
- CON-22-277
- Commercial tool
- Standalone contract
- Contract dates
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.
- Main category
- services
- Contract locations
- UK
Award criteria
Criteria the buyer will use to evaluate bids.
| Name | Description | Type | Weighting |
|---|---|---|---|
| Account Management Approach | 5 | quality | — |
| Reporting | 5 | quality | — |
| Core Requirements | 35 | quality | — |
| Trend and New Developments | 5 | quality | — |
| Contract Approach and Methodology | 5 | quality | — |
| Collaboration and Communication | 3.5 | quality | — |
| Exit Strategy | 2 | quality | — |
| Service Level Agreements | 2 | quality | — |
| Scenario Based Assessment: Case Study 1 | 1.5 | quality | — |
| Scenario Based Assessment: Case Study 2 | 1.5 | quality | — |
| Scenario Based Assessment: Case Study 3 | 1.5 | quality | — |
| Scenario Based Assessment: Case Study 4 | 1.5 | quality | — |
| Scenario Based Assessment: Case Study 5 | 1.5 | quality | — |
| Price | 30 | cost | — |
Submission & procedure
- Procedure
- Open procedure
Award details
Awarded supplier(s), contract period and value as published in the award notice.
Awarded value
—
Award date
—
Contract start
—
Contract end
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Awarded suppliers· 1 supplier
Awarded —
Other contracts from Financial Conduct Authority
Full notice and award history for this contracting authority is on the buyer profile.
Other contracts awarded to Toro Risk Solutions - Global Limited· 3
Cross-buyer view of this supplier's public-sector wins.
| Title | Type | Value | Published |
|---|---|---|---|
| Behavioural Detection Training | contract | £282k | 12 Sept 2025 |
| Third Party Due Diligence Security Assessment Partner | contract | £600k | 14 Feb 2024 |
| Conflict, Stability and Security Fund (CSSF) Framework Agreement (2023-2027) | contract | — | 09 Oct 2023 |