Award

Core Claims Services

FINANCIAL SERVICES COMPENSATION SCHEME

This public procurement record has 1 release in its history.

Award

24 Jun 2024 at 09:45

Summary of the contracting process

The Financial Services Compensation Scheme has awarded a contract for Core Claims Services to Pricewaterhousecoopers LLP. The procurement was conducted using a selective method through a negotiated procedure. The contract value is £83,600,000, with a contract period starting on June 17, 2024, and ending on March 31, 2030. The tender closed on June 14, 2024, and the buying organisation is based in London, UK, falling under the financial and insurance services industry category.

This tender for Core Claims Services presents an opportunity for businesses providing financial and insurance services to engage with the Financial Services Compensation Scheme. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations are encouraged to participate. The contract offers a substantial value over a long contract period, providing stability and growth opportunities for suitable businesses specialised in the financial and insurance services industry.

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Notice Title

Core Claims Services

Notice Description

The scope of the services are: * Deposit Claims Processing * Advice Claims Processing * Overflow Customer Contact *Support Services

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-00a409a4-a949-4932-859e-1ffb9280db95
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/cb58e779-de3f-489e-9773-c84b2b5a7c8a
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£83,600,000 £10M-£100M
Lots Value
Not specified
Awards Value
£83,600,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
24 Jun 20241 years ago
Submission Deadline
13 Jun 2024Expired
Future Notice Date
Not specified
Award Date
13 Jun 20241 years ago
Contract Period
16 Jun 2024 - 31 Mar 2030 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
FINANCIAL SERVICES COMPENSATION SCHEME
Contact Name
Not specified
Contact Email
procurement@fscs.org.uk
Contact Phone
+442073758194

Buyer Location

Locality
LONDON
Postcode
EC3A 7QU
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
City of London
Electoral Ward
Portsoken
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

PRICEWATERHOUSECOOPERS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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