Award

Motor Finance Consumer Redress Scheme - Independent Model Validation

FCA

This public procurement record has 1 release in its history.

Award

30 Jan 2026 at 09:38

Summary of the contracting process

The Financial Conduct Authority (FCA) has completed the procurement process for an independent model validation to support the Motor Finance Consumer Redress Scheme. This procurement falls under the services category with a focus on economic impact assessments. The project, located in London, was conducted using a selective method via a call-off from a framework agreement. The tendering phase concluded on 30th December 2025, and the contract will run from 12th January 2026 to 27th March 2026. The awarded contract, valued at £58,117.50, was announced on 30th January 2026, and was given to GRANT THORNTON UK ADVISORY & TAX LLP.

This opportunity presents considerable potential for businesses specializing in economic impact assessments, particularly those with capabilities in validating models related to financial services and consumer protection. While this tender did not specifically suit smaller enterprises or voluntary, community and social enterprises (VCSEs), similar future opportunities may arise within the framework, offering avenues for consultancy firms with expertise in model validation and economic analysis to engage in impactful projects within the financial sector.

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Notice Title

Motor Finance Consumer Redress Scheme - Independent Model Validation

Notice Description

This requirement is for an independent model validation to be used to support the Motor Finance redress scheme and provide an objective opinion on the suitability of the model for the outlined use(s).

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7847cce7-751a-4b33-83b5-319afddcd2aa
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d56e3085-1e5b-4edb-bb19-bf305c6da4d8
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

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


CPV Codes

79311410 - Economic impact assessment

Notice Value(s)

Tender Value
£69,741 Under £100K
Lots Value
Not specified
Awards Value
£58,117 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
30 Jan 20263 weeks ago
Submission Deadline
30 Dec 2025Expired
Future Notice Date
Not specified
Award Date
2 Jan 20261 months ago
Contract Period
12 Jan 2026 - 27 Mar 2026 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
FCA
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
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

GRANT THORNTON UK ADVISORY & TAX

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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