Award

Motor Finance Review - Analytical Support

FCA

This public procurement record has 1 release in its history.

Award

19 Sep 2024 at 16:29

Award Notice
Summary of the contracting process

In a recently completed procurement process, the Financial Conduct Authority (FCA) has awarded a contract to PA Consulting Services Ltd for analytical support in their review of discretionary commission arrangements in motor finance. This project, titled "Motor Finance Review - Analytical Support," falls under the industry category of financial market operational services and covers areas in London, United Kingdom. The tender was conducted through a selective procurement method, specifically a call-off from a framework agreement. The procurement stage has transitioned to the award phase, with the contract period set to begin on 30th September 2024 and conclude on 24th March 2025. The contract is valued at £537,600 GBP, with the award announced on 30th August 2024.

This procurement provides a strategic opportunity for businesses specialising in market, competition, financial, and consumer analysis to engage with a pivotal regulatory body like the FCA. Although the contract has already been awarded, similar opportunities in the future could foster substantial business growth, particularly for companies with a robust background in financial analytics and consulting services. While this specific project was not suited for SMEs or VCSEs, larger businesses with established frameworks and the capability to handle extensive analytical tasks would find such contracts immensely beneficial for reputation building and expanding their client portfolio in the financial services sector.

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Notice Information

Notice Title

Motor Finance Review - Analytical Support

Notice Description

The role holder(s) will provide a combination of additional capacity and capability covering market, competition, financial and consumer analysis in support of the FCA's review of discretionary commission arrangements in motor finance.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-618dbf37-fb3b-47d2-998c-dfcad030aaf6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b94337ec-64d0-4d8b-af74-e3e31503984a
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

66 - Financial and insurance services

CPV Codes

66151000 - Financial market operational services

Notice Value(s)

Tender Value
£537,600 £500K-£1M
Lots Value
Not specified
Awards Value
£537,600 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
19 Sep 20241 years ago
Submission Deadline
27 Aug 2024Expired
Future Notice Date
Not specified
Award Date
29 Aug 20241 years ago
Contract Period
29 Sep 2024 - 24 Mar 2025 1-6 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

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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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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