Tender

GB-London: FSCS408 Salary Benchmarking

FINANCIAL SERVICES COMPENSATION SCHEME

This public procurement record has 1 release in its history.

Tender

06 Dec 2021 at 11:55

Tender Notice
Summary of the contracting process

The Financial Services Compensation Scheme (FSCS) is currently seeking to appoint a single service provider for its "FSCS408 Salary Benchmarking" project, which falls under the business and management consultancy services sector. The procurement process is at the tender stage, with the deadline for submissions set for 7 January 2022. The contract period will commence on 1 April 2022 and continue until 31 March 2025, with a total estimated value of £50,000, which has a minimum threshold of £25,000. This opportunity is located in London, United Kingdom, and follows an open procedure procurement method.

This tender presents an excellent opportunity for businesses with expertise in salary benchmarking, pay review services, and human resources consultancy. Organisations that specialise in these areas, particularly small and medium enterprises (SMEs) or voluntary, community, and social enterprises (VCSEs), will find this opportunity well-suited to their capabilities. Competitors should have a strong background in market analysis relating to pay structure and possess the requisite experience to navigate the complexities of public sector remuneration strategies.

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

GB-London: FSCS408 Salary Benchmarking

Notice Description

FSCS is seeking to appoint a single Service Provider for the delivery of salary benchmarking and pay review services. Summary statement of the scope of services. Key deliverables: *Carry out external benchmarking to ensure that all roles within FSCS are paid fairly and competitively against the appropriate market. *Perform an annual market review of salaries and provide information to ensure the Remuneration and Human Resources Committee is up to date and able to make informed decisions. *Carry out pay modelling to identify any equal pay risks and outliers and advise on options to move to address any issues. *Perform a biennial full salary benchmark review based on role profile information and input from budget holders. *Provide advice and guidance to the Remuneration and Human Resources Committee, People Team and Senior Leaders on all aspects of pay and reward. Mandatory/Essential Requirements The supplier must have extensive knowledge and experience in the pay process that: *Is fit for purpose and flexible to align with the skills and capability requirements of FSCS evolving strategy for the 2020's. *Drives and embeds a high-level capability and delivery culture at all levels. *Ensures FSCS's reward offer is current and relevant to market rates. *Addresses difficulties in recruitment and retention to 'in demand roles' such as Communications, IT and Data. The supplier must also have: *knowledge and experience of market rate pay and pay challenges for a wide range of roles and organisations; *knowledge and experience of pay systems and processes across the financial, public, private and third sector; and *a minimum 3 years of experience in conducting sociological research, with evidence of complex studies carried out in reward and remuneration. 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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-709c7848-ea77-4751-a1b8-ce646eb3d018
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/37a2898b-0e3b-441c-9fde-20a2a0665d65
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
£50,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
6 Dec 20214 years ago
Submission Deadline
7 Jan 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2022 - 31 Mar 2025 3-4 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
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
TLI London
Local Authority
City of London
Electoral Ward
Portsoken
Westminster Constituency
Cities of London and Westminster

Further Information

Notice Documents

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-b5fd17-709c7848-ea77-4751-a1b8-ce646eb3d018-2021-12-06T11:55:03Z",
    "date": "2021-12-06T11:55:03Z",
    "ocid": "ocds-b5fd17-709c7848-ea77-4751-a1b8-ce646eb3d018",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "BIP648692652",
        "title": "GB-London: FSCS408 Salary Benchmarking",
        "description": "FSCS is seeking to appoint a single Service Provider for the delivery of salary benchmarking and pay review services. Summary statement of the scope of services. Key deliverables: *Carry out external benchmarking to ensure that all roles within FSCS are paid fairly and competitively against the appropriate market. *Perform an annual market review of salaries and provide information to ensure the Remuneration and Human Resources Committee is up to date and able to make informed decisions. *Carry out pay modelling to identify any equal pay risks and outliers and advise on options to move to address any issues. *Perform a biennial full salary benchmark review based on role profile information and input from budget holders. *Provide advice and guidance to the Remuneration and Human Resources Committee, People Team and Senior Leaders on all aspects of pay and reward. Mandatory/Essential Requirements The supplier must have extensive knowledge and experience in the pay process that: *Is fit for purpose and flexible to align with the skills and capability requirements of FSCS evolving strategy for the 2020's. *Drives and embeds a high-level capability and delivery culture at all levels. *Ensures FSCS's reward offer is current and relevant to market rates. *Addresses difficulties in recruitment and retention to 'in demand roles' such as Communications, IT and Data. The supplier must also have: *knowledge and experience of market rate pay and pay challenges for a wide range of roles and organisations; *knowledge and experience of pay systems and processes across the financial, public, private and third sector; and *a minimum 3 years of experience in conducting sociological research, with evidence of complex studies carried out in reward and remuneration. 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.",
        "datePublished": "2021-12-06T11:55:03Z",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "79400000",
            "description": "Business and management consultancy and related services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "minValue": {
            "amount": 25000,
            "currency": "GBP"
        },
        "value": {
            "amount": 50000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2022-01-07T14:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2022-04-01T00:00:00+01:00",
            "endDate": "2025-03-31T23:59:59+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/37a2898b-0e3b-441c-9fde-20a2a0665d65",
                "datePublished": "2021-12-06T11:55:03Z",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "2",
                "documentType": "tenderNotice",
                "description": "Please follow this link to view the notice.",
                "url": "https://www.delta-esourcing.com/tenders/UK-GB-London:-FSCS408-Salary-Benchmarking/JV23QT6T69"
            }
        ]
    },
    "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": {
                "name": "Jean Mutudza",
                "email": "Procurement@fscs.org.uk",
                "telephone": "02073758175"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-112808",
        "name": "Financial Services Compensation Scheme"
    }
}