Award

Strategy Development Partner for FSCS Strategic Refresh

FINANCIAL SERVICES COMPENSATION SCHEME LIMITED

This public procurement record has 1 release in its history.

Award

28 Oct 2025 at 17:21

Summary of the contracting process

The Financial Services Compensation Scheme Limited, based in London, awarded a contract to Ernst & Young Global Limited to serve as the Strategy Development Partner for its strategic framework refresh. This procurement falls under the category of business and management consultancy services and was executed through a selective procurement method, specifically a call-off from a framework agreement. The tender process, now completed, saw the strategy development commencing on 3rd April 2025 and concluding on 30th May 2025. The total contract value is £210,300, and the targeted delivery is within England.

This tender presents excellent opportunities for growth, particularly for businesses specialising in business and management consultancy. While the contract has been awarded to a large entity, small and medium enterprises could also benefit from engaging in similar procurement processes in the future. Companies with expertise in strategic consultancy, particularly those with experience supporting executive teams, are well-suited to compete in similar tender opportunities. By participating in public procurement processes, such businesses can expand their reach and build competencies in delivering strategic consulting services.

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Notice Title

Strategy Development Partner for FSCS Strategic Refresh

Notice Description

FSCS is engaging in the services of a strategy partner to support the Executive Team in developing a refreshed strategic framework.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-20291b0e-b6ee-4e96-8494-04bb162f7c76
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fbbfc06a-aa72-49f8-8bef-53438323eb8f
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£210,300 £100K-£500K
Lots Value
Not specified
Awards Value
£210,300 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
28 Oct 20253 months ago
Submission Deadline
20 Feb 2025Expired
Future Notice Date
Not specified
Award Date
24 Mar 202511 months ago
Contract Period
2 Apr 2025 - 30 May 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
FINANCIAL SERVICES COMPENSATION SCHEME LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

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

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG GLOBAL

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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