Award

Solvency Equivalence Assessment System Research and Implementation - International Research

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 2 releases in its history.

Award

15 Feb 2021 at 15:20

Tender

24 Jun 2020 at 14:46

Summary of the contracting process

The Foreign, Commonwealth and Development Office (FCDO) has awarded a contract worth £75,780 to Redington Limited for the project titled "Solvency Equivalence Assessment System Research and Implementation - International Research". This procurement falls under the financial consultancy services category and is classified as an open procedure below the threshold. The contract period commenced on 22nd January 2021 and extends until 30th April 2021. The contract focuses on completing research and comparative analysis regarding international regulatory recognition and solvency regulation, particularly in the context of China.

This tender presents significant opportunities for businesses specialising in financial consultancy services, particularly those with expertise in regulatory analysis and compliance. Small and medium-sized enterprises (SMEs) with relevant experience are encouraged to compete, as the nature of the research may benefit organisations knowledgeable about international regulatory frameworks and insurance market access. Engaging in such tenders not only allows these businesses to expand their portfolios but also enhances their credibility in the financial consultancy sector.

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Notice Title

Solvency Equivalence Assessment System Research and Implementation - International Research

Notice Description

Foreign, Commonwealth and Development Office (FCDO) has awarded a contract to complete research and comparative analysis on approaches to multiple aspects of regulation, risk and compliance in regulatory regimes with a focus on Solvency regulation and Approaches for international regulatory recognition in China. For this specific project the supplier- Redington Limited will deliver research and comparative analysis on approaches to multiple aspects of regulation, risk and compliance in regulatory regimes outside China, including international regulatory recognition and insurance market access. The research will consider how these approaches could inform future policy decisions about China's regulatory regime. The Comparative Research is expected to focus in most detail on Solvency regulation and approaches for international regulatory recognition and insurance market access. Other topics can be covered at a higher level. The supplier will be expected to deliver the following specific outputs: 1. A research plan outlining the approach, scope and timescales for the comparative research. 2. A comparative research report.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4d19b909-7f4b-44a8-a5fc-5a1e1248cc96
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1b741dd0-08dc-4e13-8163-695520adbb05
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£75,780 Under £100K
Lots Value
Not specified
Awards Value
£75,780 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
15 Feb 20215 years ago
Submission Deadline
24 Jul 2020Expired
Future Notice Date
Not specified
Award Date
19 Jan 20215 years ago
Contract Period
22 Jan 2021 - 30 Apr 2021 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
FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
Additional Buyers

FOREIGN & COMMONWEALTH OFFICE

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
SW1A 2AH
Post Town
South West 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
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

REDINGTON

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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