AWARD OUTCOME
What happened
British Business Bank PLC awarded a Cyber Third-Party Risk Management (TPRM) software tool requirement to SOFTCAT PLC. The published award value is £162,481.12 for the stated 14 May 2026 to 13 May 2028 period.
Published outcomeOne active award is recorded for SOFTCAT PLC under a limited procurement described as competitive quotation below threshold.
Market significanceThis is a £162,481.12 cybersecurity supply-chain risk-management software award in the UK public-sector market.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
SOFTCAT PLC
99% confidenceAward ocds-b5fd17-b7eb6274-7ff5-408b-b3d3-bf1784162f35-1 · 162481.12 GBP · verified supplier; active award
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The award names Softcat PLC as supplier and assigns £162,481.12. Supplier verification matched Companies House number 02174990 to SOFTCAT PLC.
LIFECYCLE
Award or contract stage
Notice status
99% confidenceAwarded; award status recorded as active
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The opportunity display status is "awarded" and the award status is "active".
Award decision date
99% confidence24 April 2026
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Award record date: 2026-04-24.
Stated contract period
99% confidence14 May 2026 to 13 May 2028
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Award and tender contractPeriod records specify these dates.
Contract execution
98% confidenceUnknown; the published data does not explicitly state that a contract was signed.
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The source provides an active award and contract-period dates, but no signature or execution field.
VALUES
Published values explained
Published award value
99% confidence£162,481.12
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The single award record specifies value.amount 162481.12, currency GBP.
Value allocation
98% confidenceAllocated to the single recorded award and supplier
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There is one award, naming SOFTCAT PLC, with the published award value.
TIMELINE
Procurement timeline
Quotation deadline
99% confidence18 March 2026, 17:00 UTC
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Tender period endDate: 2026-03-18T17:00:00Z.
Award date
99% confidence24 April 2026
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Award date: 2026-04-24T00:00:00+01:00.
Stated start date
99% confidence14 May 2026
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Contract period startDate: 2026-05-14T00:00:00+01:00.
Notice publication date
99% confidence19 October 2026
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Award notice datePublished: 2026-10-19T08:17:46+01:00.
Stated end date
99% confidence13 May 2028
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Contract period endDate: 2028-05-13T23:59:59+01:00.
SCOPE
What was awarded
Requirement
99% confidenceCyber Third-Party Risk Management tool
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The title is "Cyber Third Party Risk Management Tool".
Purpose
99% confidenceAutomate and manage cybersecurity risks and improve supply-chain engagement and compliance
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Published description states these purposes.
Category
99% confidenceServices; IT software package (CPV 48517000)
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The notice records main category services and CPV 48517000, "IT software package".
Delivery geography
95% confidenceUnited Kingdom
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The tender item delivery address lists United Kingdom.
PROCEDURE
Procedure and competition
Procurement method
99% confidenceLimited
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procurementMethod is "limited".
Method detail
99% confidenceCompetitive quotation (below threshold)
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procurementMethodDetails is "Competitive quotation (below threshold)".
SME suitability
98% confidenceMarked suitable for SMEs
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Tender suitability.sme is true.
Competition metrics
99% confidenceUnknown
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Information on bidder count, bid prices and evaluation is not supplied in the published notice.
CONTRACT TERMS
Published contract terms
Stated duration
98% confidenceTwo years
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The stated period runs from 14 May 2026 through 13 May 2028.
Extension or renewal options
99% confidenceUnknown
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No extension, option or renewal terms are supplied.
Pricing structure
99% confidenceUnknown
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The notice supplies an aggregate award value only.
COMMERCIAL VIEW
Commercial observations
Commercial positioning
98% confidenceThe requirement concerns a cybersecurity tool for third-party and supply-chain risk management.
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The published requirement description specifies cyber TPRM, cybersecurity risks, supply chains and compliance.
Award structure
98% confidenceA single active award is published, with no lots identified.
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The source contains one award and no lot records or award lot IDs.
DATA QUALITY
Gaps and source limitations
Publication timing
99% confidenceThe award notice was published after the stated contract start date.
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Notice published 19 October 2026; stated start date 14 May 2026.
Contract status interpretation
98% confidenceActive award status does not by itself evidence a signed contract.
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No explicit contract signature or execution data is supplied.
Supplier identity quality
99% confidenceSupplier identity is verified by Companies House number.
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Verified company name SOFTCAT PLC and company number 02174990 are supplied.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- Information on bidder numbers, evaluation criteria, scores, bid pricing and reasons for supplier selection is not supplied in the published notice.
- No lot titles, lot allocation, detailed specification, pricing breakdown or service-level terms are supplied.
- No extension, renewal or reprocurement provisions are published; the end-date observation is not a procurement forecast.
MARKET THEMES
Relevant award themes
British Business Bank PLCSOFTCAT PLCCyber TPRMthird-party risk managementcybersecurity softwareContracts Finder
COMMON QUESTIONS
About this award
Who won the Cyber Third Party Risk Management Tool award?
SOFTCAT PLC, verified against Companies House number 02174990.
What is the published award value?
£162,481.12.
When is the stated contract period?
14 May 2026 to 13 May 2028.
Was the contract explicitly stated to be signed?
No. The notice records an active award and contract-period dates, but does not explicitly confirm signature or execution.
ProcuraAxis award analysis supplements, but does not replace, the official award notice, contract data or procurement documents. “Awarded” does not by itself prove that a contract has been signed.