AWARD OUTCOME
What happened
The City of London has concluded a direct-award contract with RISK LEDGER LTD. for a third-party cyber security risk management and supply-chain assurance platform. The contract was signed on 1 October 2026 and runs to 30 September 2030.
Published outcomeOne active award and active contract are recorded for RISK LEDGER LTD. under lot 1.
Market significanceThis is a four-year, below-threshold direct award centred on continuity of Risk Ledger’s established network, supplier assurance records and connected relationships rather than a competed procurement.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
RISK LEDGER LTD.
99% confidenceAward 1 · Lots 1 · £104,334.59 net; £125,201.51 gross GBP · Verified supplier; active award and contract
View supporting evidence
Supplier verification identifies company number 10831970 as RISK LEDGER LTD.; award 1 names Risk Ledger Ltd and contract 1, linked to award 1, states the contract value.
LIFECYCLE
Award or contract stage
Notice type
99% confidenceContract details notice on Find a Tender
View supporting evidence
The published document is described as “Contract details notice on Find a Tender” (UK7).
Contract status
99% confidenceActive
View supporting evidence
Contract 1 is recorded with status “active”.
Contract signed
99% confidence1 October 2026
View supporting evidence
Contract 1 records dateSigned as 2026-10-01.
Contract period
99% confidence1 October 2026 to 30 September 2030
View supporting evidence
Contract 1 period records startDate 2026-10-01 and endDate 2030-09-30.
VALUES
Published values explained
Contract value excluding VAT
99% confidence£104,334.59
View supporting evidence
Contract 1 value.amount is 104334.59 GBP.
Contract value including VAT
99% confidence£125,201.51
View supporting evidence
Contract 1 value.amountGross is 125201.51 GBP.
TIMELINE
Procurement timeline
Contract signed
99% confidence1 October 2026
View supporting evidence
Contract 1 dateSigned is 2026-10-01.
Contract start
99% confidence1 October 2026
View supporting evidence
Contract 1 period.startDate is 2026-10-01.
Contract end
99% confidence30 September 2030
View supporting evidence
Contract 1 period.endDate is 2030-09-30.
Notice published
99% confidence8 October 2026
View supporting evidence
The contract details notice datePublished is 2026-10-08.
SCOPE
What was awarded
Requirement
99% confidenceThird-party cyber security risk management and supply-chain assurance platform
View supporting evidence
Tender title.
Functional scope
98% confidenceAssessment and monitoring of supplier security controls, auditable assurance records, remediation management, emerging-threat identification and supply-chain dependency insight.
View supporting evidence
Tender description.
Lot structure
99% confidenceOne lot (lot 1)
View supporting evidence
Tender and award data each identify lot 1 only.
Classifications
98% confidenceSoftware package and information systems (CPV 48000000); software development services (CPV 72262000)
View supporting evidence
Award item additional classifications.
Delivery location
94% confidenceLondon (UKI), United Kingdom
View supporting evidence
Award item delivery address region is UKI.
PROCEDURE
Procedure and competition
Procurement method
99% confidenceDirect award
View supporting evidence
Tender procurementMethod is “direct”.
Competition
99% confidenceBelow threshold – without competition
View supporting evidence
Tender procurementMethodDetails states “Below threshold - without competition”.
Stated direct-award rationale
98% confidenceContinuity of the established Risk Ledger network, existing supplier assurance records and connected relationships, which the buyer states cannot be supplied by an alternative provider.
View supporting evidence
Tender description.
Competition metrics
99% confidenceNot published
View supporting evidence
Information not supplied in the published notice.
CONTRACT TERMS
Published contract terms
Term
99% confidenceFour years
View supporting evidence
The recorded period is 1 October 2026 to 30 September 2030.
Threshold status
99% confidenceBelow threshold
View supporting evidence
Contract 1 aboveThreshold is false.
Extension or renewal options
99% confidenceUnknown
View supporting evidence
Information not supplied in the published notice.
COMMERCIAL VIEW
Commercial observations
Commercial model signal
97% confidenceThe direct award is explicitly linked to continuity of platform network effects, historic assurance records and connected supplier relationships.
View supporting evidence
Tender description cites these features as requirements unavailable from an alternative provider.
Value allocation
98% confidenceThe published contract value applies to the single contract linked to award 1 and lot 1.
View supporting evidence
Contract 1 is linked to awardID 1; award 1 relates to lot 1.
DATA QUALITY
Gaps and source limitations
Award date
99% confidenceNot published
View supporting evidence
The award record has no award_date.
Lot title and description
99% confidenceNot published
View supporting evidence
Lot 1 title and description are null in the supplied data.
Evaluation and pricing detail
99% confidenceNot published
View supporting evidence
Information not supplied in the published notice.
Contract value basis
98% confidenceBoth net and gross values are published; VAT rate or breakdown is not published.
View supporting evidence
Contract value provides amount and amountGross only.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- No award decision date is published.
- Lot 1 has no published title, description or separate value.
- The notice does not publish tender responses, bid counts, evaluation criteria, scores, pricing breakdowns or award justification beyond the stated direct-award rationale.
- No extension or renewal option is published.
MARKET THEMES
Relevant award themes
City of LondonRISK LEDGER LTD.cyber security risk managementsupply-chain assurancedirect awardRisk Ledgerthird-party risk management
COMMON QUESTIONS
About this award
Who won the City of London cyber risk platform contract?
RISK LEDGER LTD. (company number 10831970) is the verified supplier for award 1.
What is the value of the contract?
The contract value is £104,334.59 excluding VAT and £125,201.51 including VAT.
When does the contract run?
It starts on 1 October 2026 and ends on 30 September 2030.
Why was the procurement a direct award?
The buyer cited continuity of the established Risk Ledger network, existing assurance records and connected relationships as requirements that could not be supplied by an alternative provider.
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.