GB-London: CON-21-129 Priority Asset Management

Competitive Contract Award Notice

1. Title: GB-London: CON-21-129 Priority Asset Management
2. Awarding Authority:
Financial Conduct Authority
12 Endeavour Square, London, E20 1JN, United Kingdom
Tel. 0207 066 1000, Email:
Attn: Phil Lamacraft
3. Contract Type: Services
Sub Type: Computer and related services.

4. Description: Miscellaneous software package and computer systems. A Privileged Access Management (PAM) Solution that will include contracting with a 3rd party to initially procure their PAM tool and start onboarding some Pilot systems before rollout across the in-scope systems in the organisation.
Our IT administrators have complete control over the systems they control and can access large volumes of data, possibly sensitive or insider information. Many are not FCA employees. A large proportion are offshore employees of our suppliers. We place a very high degree of trust in them. Whilst we vet them, this is an imperfect control.
Administrator accounts are increasingly being hacked into and used to spread disruptive ransomware within organisations.
We have seen examples of high-value bribes being offered to IT administrators by organised criminal gangs.
The FCA currently has inadequate controls for privileged access to our systems. Although a range of manual mitigation actions are underway, best practice indicates that managing privileged access, given the evolving threat landscape, is not possible without a specialised PAM tool.
It is anticipated that the solution will introduce best practices and more granular control of how IT administrators access FCA systems.
It is also expected that the solution will assist in mitigating the identified corporate risks of unauthorised access and the abuse of such access.
5. CPV Codes:
48900000 - Miscellaneous software package and computer systems.

6. NUTS Codes :
UKI4 - Inner London – East

7. Main Site or Location of Works, Main Place of Delivery or Main Place of Performance: Inner London – East,
8. Reference Attributed by the Awarding Authority: CON-21-129
9. Awarded to:

Softcat Plc
Thames Industrial Estate, Fieldhouse Lane, Marlow, SL7 1LW, United Kingdom
Tel. 07875 709328, Email:
Contact: Nick Lamb, Attn: Nick Lamb
Value Cost: 37,329.76
Is Awardee likely to subcontract?: Yes Awarded to SME?: No
10. Date of Contract Award: 22/11/2021
11. Number of Tenders Received: 3
12. Other Information:
Other Information: Awarded via G-Cloud 12 Framework
To view this notice, please click here:
Suitable for VCO: No
Period of Work Start date: 01/09/2022
Period of Work End date: 31/08/2024