Enterprise Risk Management (ERM) System
Planned
Key facts
- Closing date
- Not stated by the buyer
- Buyer's estimated value
- £348,544 (excl. VAT) The buyer's own estimate, not income to you.
- Contract period
- 30 Apr 2027 to 30 Apr 2029
- Procedure
- Not stated
- Notice type
- Preliminary market engagement notice (UK2)
- Suitable for SMEs (per buyer)
- Yes
Decision brief
Taken from the buyer's published notice (shown as written, shortened where long). Tenderpatch has not added to or interpreted it. Always read the official documents before bidding.
- How bids will be scored
- Not stated in the notice.
- Conditions of participation (what you must show)
- None published in the notice. They may be in the tender documents.
- Contract length and extensions
- 30 Apr 2027 to 30 Apr 2029.
- How to submit
- Not stated in the notice.
- Changes the buyer has announced
- The deadline for responses has been extended to 23rd October 2026, to allow additional time for market engagement, specifically to support and facilitate maximum participation from Small and Medium Enterprises (SMEs). This ensures a level playing field and allows the contracting us to capture a more diverse range of market insights before shaping the formal procurement requirements.
- Tender documents
- No document links in the notice. Use the official notice link.
New to public tenders? Plain-English guide to this page
- Framework
- An agreement that sets terms for work the buyer may order later, often from several suppliers. The value shown usually covers the whole agreement, not one job.
- Open for bids / closing date
- You must submit by the closing date and time, normally through the buyer's own online portal. Late bids are normally refused.
- Clarification questions
- A deadline for asking the buyer questions about the tender. It is earlier than the closing date.
- Conditions of participation
- What the buyer asks suppliers to show before they can be considered, such as experience, insurance or accreditations.
- Bids are scored on
- How the buyer will compare bids, usually a split between price and quality. A 60/40 split in favour of quality means the cheapest bid will not necessarily win.
- Lots
- A tender can be split into parts. You can often bid for only the lots that suit you.
- Area (ITL)
- The buyer names an official statistical area for where the work is, not a street address. Check the tender documents for the actual sites.
- UK4 and other notice codes
- Official codes for the type of notice. A "tender notice" means bids are being invited.
General explanations written by Tenderpatch, not part of this notice.
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.