Tender

FSCS526 Salary Benchmarking and Related Services

FINANCIAL SERVICES COMPENSATION SCHEME

This public procurement record has 2 releases in its history.

TenderAmendment

04 Dec 2024 at 09:05

Tender Notice
Tender

03 Dec 2024 at 16:00

Tender Notice
Summary of the contracting process

The Financial Services Compensation Scheme (FSCS) is seeking providers for the contract titled "FSCS526 Salary Benchmarking and Related Services" within the Business and Management Consultancy sector. This procurement is located in London, United Kingdom, and is currently in the tender stage. The open procedure procurement method is being employed, and the contract's estimated value excluding VAT has been revised to £240,000. Key dates include the tender period end date on 15th January 2025, and the contract period extending from 1st April 2025 to 31st March 2029.

This tender presents significant opportunities for businesses specialising in salary benchmarking and consultancy services, offering a substantial value and a long-term engagement of four years. Small and medium enterprises (SMEs) are considered particularly suitable for this contract, but all tenderers must meet the defined criteria. Businesses that can deliver comprehensive salary benchmarking, job framework creation, and remuneration policy advice, while providing guidance on job evaluation and benefits, will find this contract an excellent opportunity to support FSCS's strategic objectives and enhance their market presence.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

FSCS526 Salary Benchmarking and Related Services

Notice Description

Text to be corrected in the original notice: Place of text to be modified: Estimated Value Instead of: Estimated Value excluding VAT 480,000 Read: Estimated Value excluding VAT 240,000 Other additional information: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement. Provision of salary benchmarking services on an ongoing basis with an initial one-off consultancy project to review FSCS's current approach and propose how the service can continue to support the ongoing evolution and health of the organisation going forward. The outcomes sought are: *Recommendations on the 'health' of the organisation and the roles within it; *a fair and transparent job framework which meets the requirements of the organisation; *a Pay Progression Model; *salary benchmarks for all roles against the appropriate markets; *a Remuneration Policy and processes that underpins and aligns with the organisation's aims and, objectives; *access to robust, quality salary and benefits market benchmarks; *access to guidance and advice on all matters relating to job evaluation, salary, and benefits; *reduced risk of people leaving because of pay and benefits.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5ea59e0e-0561-4b71-a32f-9feddcf6ba6f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/372fc3b7-0a7d-4cc4-9d2a-9a91444b799e
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

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
£240,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
4 Dec 20241 years ago
Submission Deadline
15 Jan 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2025 - 31 Mar 2029 4-5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
FINANCIAL SERVICES COMPENSATION SCHEME
Contact Name
Not specified
Contact Email
jean.mutudza@fscs.org.uk
Contact Phone
+442073758197

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

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-5ea59e0e-0561-4b71-a32f-9feddcf6ba6f-2024-12-04T09:05:03Z",
    "date": "2024-12-04T09:05:03Z",
    "ocid": "ocds-b5fd17-5ea59e0e-0561-4b71-a32f-9feddcf6ba6f",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "BIP907093319",
        "title": "FSCS526 Salary Benchmarking and Related Services",
        "description": "Text to be corrected in the original notice: Place of text to be modified: Estimated Value Instead of: Estimated Value excluding VAT 480,000 Read: Estimated Value excluding VAT 240,000 Other additional information: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement. Provision of salary benchmarking services on an ongoing basis with an initial one-off consultancy project to review FSCS's current approach and propose how the service can continue to support the ongoing evolution and health of the organisation going forward. The outcomes sought are: *Recommendations on the 'health' of the organisation and the roles within it; *a fair and transparent job framework which meets the requirements of the organisation; *a Pay Progression Model; *salary benchmarks for all roles against the appropriate markets; *a Remuneration Policy and processes that underpins and aligns with the organisation's aims and, objectives; *access to robust, quality salary and benefits market benchmarks; *access to guidance and advice on all matters relating to job evaluation, salary, and benefits; *reduced risk of people leaving because of pay and benefits.",
        "datePublished": "2024-12-03T16:00:05Z",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "79400000",
            "description": "Business and management consultancy and related services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 240000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2025-01-15T14:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2025-04-01T00:00:00+01:00",
            "endDate": "2029-03-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": true
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/372fc3b7-0a7d-4cc4-9d2a-9a91444b799e",
                "datePublished": "2024-12-03T16:00:05Z",
                "format": "text/html",
                "language": "en",
                "dateModified": "2024-12-04T09:05:03Z"
            },
            {
                "id": "2",
                "documentType": "tenderNotice",
                "description": "Please follow this link to view the notice.",
                "url": "https://www.delta-esourcing.com/tenders/UK-UK-London:-Business-and-management-consultancy-and-related-services./EK3U6665ZF"
            },
            {
                "id": "3",
                "documentType": "Link",
                "description": "Please follow this link to view the notice.",
                "url": "https://www.delta-esourcing.com/tenders/UK-UK-London:-Business-and-management-consultancy-and-related-services./EK3U6665ZF"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-CFS-112808",
            "name": "Financial Services Compensation Scheme",
            "identifier": {
                "legalName": "Financial Services Compensation Scheme"
            },
            "address": {
                "streetAddress": "Beaufort House, 15 St. Botolph Street",
                "locality": "London",
                "postalCode": "EC3A 7QU",
                "countryName": "UK"
            },
            "contactPoint": {
                "email": "Jean.Mutudza@fscs.org.uk",
                "telephone": "+442073758197"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-112808",
        "name": "Financial Services Compensation Scheme"
    }
}