Modification notice
Modification of a contract/concession during its term
Section I: Contracting
entity
I.1) Name and addresses
Development Bank of Wales
1 Capital Quarter Tyndall Street
Cardiff
CF10 4BZ
UK
Telephone: +44 2920338100
E-mail: procurement@developmentbank.wales
Fax: +44 2920338101
NUTS: UKL
Internet address(es)
Main address: https://www.developmentbank.wales
Address of the buyer profile: https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0555
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
The Provision of a Risk Management System
Reference number: DBW00043.00
II.1.2) Main CPV code
72222300
II.1.3) Type of contract
Services
II.2) Description
II.2.2) Additional CPV code(s)
48000000
48100000
II.2.3) Place of performance
NUTS code:
UKL
II.2.4) Description of the procurement
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.
II.2.7) Duration of the contract, framework agreement, dynamic purchasing system or concession
Duration in months: 108
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2024/S 000-038995
Section V: Award of contract/concession
Contract No: DBW00043
Title: The Provision of a Risk Management System
V.2 Award of contract/concession
V.2.1) Date of conclusion of the contract/concession
03/12/2024
V.2.2) Information about tenders
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor/concessionaire
Corporate Governance Risk
1 Toomers Wharf, Canal Walk
Newbury
RG141DY
UK
NUTS: UK
The contractor/concessionaire is an SME:
Yes
V.2.4) Information on value of the contract/lot/concession (excluding VAT)
Total value of the contract/lot:
/concession: 600 000.00
GBP
Section VI: Complementary information
VI.3) Additional information
The increase in value is due to the modifications/upgrades/increase in modules over the contract period.
(WA Ref:147566)
VI.4) Procedures for review
VI.4.1) Review body
High Court
Royal Courts of Justice, The Strand
London
WC2A 2LL
UK
Telephone: +44 2079477501
VI.5) Date of dispatch of this notice
22/01/2025
Section VII: Modifications to the contract/concession
VII.1) Description of the procurement after the modifications
VII.1.1) Main CPV code
48517000
VII.1.2) Additional CPV code(s)
VII.1.3) Place of performance
NUTS code:
UKL
VII.1.4) Description of the procurement
DBW was seeking a supplier to provide a risk management system to the DBW Group.
VII.1.5) Duration of the contract, framework agreement, dynamic purchasing system or concession
Duration in months: 108
VII.1.6) Information on value of the contract/lot/concession (excluding VAT)
Total value of the procurement: 600 000.00 GBP
The contract/concession has been awarded to a group of economic operators:
No
VII.1.7) Name and address of the contractor/concessionaire
Corporate Governance Risk
1 Toomers Wharf, Canal Walk
Newbury
RG141DY
UK
Telephone: +44 7780986929
NUTS: UK
The contractor/concessionaire is an SME:
Yes
VII.2) Information about modifications
VII.2.1) Description of the modifications
The increase in value is due to modifications/upgrades/increase in modules over the contract period.
VII.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.
VII.2.3) Increase in price
Updated total contract value before the modifications (taking into account possible earlier contract modifications and price adaptions and, in the case of Directive 2014/23/EU, average inflation in the Member State concerned)
Value excluding VAT: 291 147.00 Currency: GBP
Total contract value after the modifications
Value excluding VAT: 600 000.00 Currency: GBP