Award

Motor Finance Redress - Impact on Investment

FCA

This public procurement record has 1 release in its history.

Award

16 May 2025 at 11:03

Summary of the contracting process

The procurement process was initiated by the Financial Conduct Authority (FCA) for the project titled "Motor Finance Redress - Impact on Investment". This contract, under the category of economic impact assessment, involves providing analytical services to evaluate market impacts from redress liabilities due to actions against firms involved in discretionary commission arrangements. The contract is valued at £360,000 and spans from 7th April 2025 to 1st August 2025. Located in London, this procurement process utilised a selective method via a call-off from a framework agreement, with the award stage completed, as it was finalised by PA Consulting Services Ltd on the 28th of March 2025.

This tender opens growth opportunities for businesses specialising in economic analysis and consulting services, particularly those with experience in handling market impact assessments related to financial compliance and regulation. While the process used a selective procurement method, it provides an advantageous platform for consulting firms with established frameworks to engage in high-value projects with significant market influence. Participation would be ideal for businesses capable of interpreting complex financial data and drawing actionable insights to meet regulatory challenges posed by organisations like the FCA.

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Notice Title

Motor Finance Redress - Impact on Investment

Notice Description

This contract is to provide analytical services consisting of market impact reports following potential redress liabilities arising from actions being taken by the Authority against a subset of firms who have faced complaints from the use of discretionary commission arrangements (DCA).

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-040cb208-4763-4285-87f9-e0b611daa08f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7d2797ef-8010-4bcb-af1d-6fdd4bcbe6a7
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79311410 - Economic impact assessment

Notice Value(s)

Tender Value
£360,000 £100K-£500K
Lots Value
Not specified
Awards Value
£360,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
16 May 20259 months ago
Submission Deadline
12 Mar 2025Expired
Future Notice Date
Not specified
Award Date
28 Mar 202511 months ago
Contract Period
6 Apr 2025 - 1 Aug 2025 1-6 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
FCA
Contact Name
FCA Procurement
Contact Email
fcaprocurement@fca.org.uk
Contact Phone
0800 111 6768

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London

Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

PA CONSULTING SERVICES

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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