RISQS

RISQS is a Qualifying Utilities Dynamic Market within the meaning of Section 34 to 40 of the Procurement Act 2023 which allows subscribing utilities to select suppliers for invitation to tender or negotiation and is operated by Rail Safety & Standards Board Ltd (RSSB) for Products & Services. RISQS provides a dynamic market for subscribing (member) utility entities to select suppliers for invitation to participate in regulated procurement procedures. The utility entities which subscribe to the scheme are given at the following RISQS Buyer Member List RISQS (https://www.risqs.org/buyers/risqs-buyers-members-list) is an impartial compliant commercial tool designed for regulated utilities in the UK (and Tier 1 and 2 suppliers for assurance purposes) which hosts a list of qualified suppliers that are eligible to participate in future procurements, it also identifies Suppliers that have applied for qualification with limitations for Buyers to identify new entrants to the scheme and encourages VCSE and SME engagement. RISQS is overseen by an Impartiality Committee on which representation from Buyers and Suppliers alike collaborate through working and consultation groups to set or influence standards and the scheme to ensure high standards and compliance with legislative requirements. RISQS may also be used in the compilation of tender lists below the UK thresholds or the subscribing utility entities may alternatively make separate calls for competition in the Find a Tender Service (FTS) for certain individual requirements. RISQS Buyer members use the Railways Industry Commodities Classification List (RICCL) for products and services, with various lifecycles as described by industry and hosted by the RSSB. The RICCL can be found at URL - https://www.rssb.co.uk/-/media/Project/RSSB/RssbWebsite/Documents/Public/Public-content/Services/rail-industry-commodity-classification-list-january-2023.pdf. The RICCL and the Scheme dictate the level of review requirement by our Membe