Enterprise Risk Management (ERM) System
Key Details
Estimated Value
£348,544
Deadline
Not specified
Contract Period
Not specified
Procurement Method
Not specified
CPV Code
48000000 - Software package and information systems
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33
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Challenging for many SMEs
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Key requirements
Extracted from the notice; check the official documents.
- Estimated value
- £349k£418k including VAT
- Contract period
- 1 May 2027 to 30 Apr 2029 (2 years)
- Legal basis
- Procurement Act 2023
- Delivery location (NUTS/ITL)
- United Kingdom
- CPV code
- 48000000 Software package and information systems
Description
Transport for Wales (TfW) is undertaking preliminary market engagement in relation to the procurement of an Enterprise Risk Management (ERM) System. The solution will support a modern, integrated approach to identifying, recording, assessing and managing risks, opportunities, issues, controls and actions across strategic, operational, portfolio, programme and project levels. The system is expected to include capabilities such as configurable workflows, risk escalation, reporting and dashboards, Key Risk Indicators (KRIs) and analytics, Quantified Risk Analysis (QRA), AI-enabled insights and automation, alerts and notifications, document management, application programming interfaces (APIs), Microsoft 365 and other system integrations, robust security and hosting arrangements, and an intuitive user experience. This engagement will help TfW understand current market capabilities, emerging technologies, implementation approaches, support models, commercial arrangements and indicative implementation timescales. Engagement will be undertaken initially through a supplier questionnaire, with potential follow-up discussions with selected suppliers if required. Any such discussions will be at TfW's discretion and participation in this engagement does not imply selection for, or progression to, any subsequent stage of a procurement process.
Previously won by
No award has been published for this tender. These are the latest award notices from Transport for Wales (TFW) for software & information systems.
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£470k · Award decision 17 Sept 2026 (contract not yet signed) · Contract ends 30 Sept 2029 · Award notice ↗
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From award notices on Find a Tender and Contracts Finder. SME or Large is the size the supplier declared on the notice (or, where it is silent, on its latest notice). Values are as published.