Award

Media Planning and buying

FINANCIAL SERVICES COMPENSATION SCHEME LIMITED

This public procurement record has 1 release in its history.

Award

22 Jan 2024 at 09:49

Summary of the contracting process

The FINANCIAL SERVICES COMPENSATION SCHEME LIMITED, based in London, England, has awarded a contract for Media Planning and Buying services valued at £7,200,000. The procurement method used was selective, with a call-off from a framework agreement. The contract period runs from 10th January 2024 to 1st December 2025. The tender period ended on 31st July 2023. The main industry category for this tender is advertising services with a possible media buying budget for up to 4 years.

This tender presents an opportunity for businesses, especially those in the advertising and marketing services industry, to compete for a significant contract with the FINANCIAL SERVICES COMPENSATION SCHEME LIMITED. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations are encouraged to consider bidding for this contract. Businesses should align their proposals with the requirements specified in the tender for Media Planning and Buying services to enhance their chances of winning the contract.

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.

Notice Title

Media Planning and buying

Notice Description

Media Planning and Buying Services Additional information: The call-off contract includes the option to extend for a further two years. Value includes fees and possible media buying budget for up-to 4 years.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7c2959f3-e758-49aa-9d26-d074b6638efd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/268cf2bd-4f53-4f1c-9992-3e4553d850c6
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
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79341000 - Advertising services

79342000 - Marketing services

Notice Value(s)

Tender Value
£7,200,000 £1M-£10M
Lots Value
Not specified
Awards Value
£7,200,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
22 Jan 20242 years ago
Submission Deadline
31 Jul 2023Expired
Future Notice Date
Not specified
Award Date
10 Jan 20242 years ago
Contract Period
10 Jan 2024 - 1 Dec 2025 1-2 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
FINANCIAL SERVICES COMPENSATION SCHEME LIMITED
Contact Name
Not specified
Contact Email
procurement@fscs.org.uk
Contact Phone
Not specified

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
Not specified

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

Supplier Information

Number of Suppliers
1
Supplier Name

REPUBLIC OF MEDIA

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-b5fd17-7c2959f3-e758-49aa-9d26-d074b6638efd-2024-01-22T09:49:03Z",
    "date": "2024-01-22T09:49:03Z",
    "ocid": "ocds-b5fd17-7c2959f3-e758-49aa-9d26-d074b6638efd",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "FSCS 460",
        "title": "Media Planning and buying",
        "description": "Media Planning and Buying Services Additional information: The call-off contract includes the option to extend for a further two years. Value includes fees and possible media buying budget for up-to 4 years.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "79341000",
            "description": "Advertising services"
        },
        "additionalClassifications": [
            {
                "scheme": "CPV",
                "id": "79342000",
                "description": "Marketing services"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 7200000,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2023-07-31T14:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2024-01-10T00:00:00Z",
            "endDate": "2025-12-01T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": true
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/t7A7KJFS",
            "name": "FINANCIAL SERVICES COMPENSATION SCHEME LIMITED",
            "identifier": {
                "legalName": "FINANCIAL SERVICES COMPENSATION SCHEME LIMITED",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/t7A7KJFS"
            },
            "address": {
                "streetAddress": "10th Floor Beaufort House, 15 St Botolph Street",
                "locality": "LONDON",
                "postalCode": "EC3A 7QU",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "Procurement@fscs.org.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-07898268",
            "name": "Republic of Media Limited",
            "identifier": {
                "legalName": "Republic of Media Limited",
                "scheme": "GB-COH",
                "id": "07898268"
            },
            "address": {
                "streetAddress": "5th Floor, 26 Cross Street, Manchester M2 7AQ"
            },
            "details": {
                "scale": "sme",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/t7A7KJFS",
        "name": "FINANCIAL SERVICES COMPENSATION SCHEME LIMITED"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-7c2959f3-e758-49aa-9d26-d074b6638efd-1",
            "status": "active",
            "date": "2024-01-10T00:00:00Z",
            "datePublished": "2024-01-22T09:49:03Z",
            "value": {
                "amount": 7200000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-07898268",
                    "name": "Republic of Media Limited"
                }
            ],
            "contractPeriod": {
                "startDate": "2024-01-10T00:00:00Z",
                "endDate": "2025-12-01T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/268cf2bd-4f53-4f1c-9992-3e4553d850c6",
                    "datePublished": "2024-01-22T09:49:03Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}