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Internal Audit Co-Source

Financial Conduct Authority

This public procurement record has 1 release in its history.

Award

22 Apr 2025 at 09:37

Award Notice
Summary of the contracting process

The Financial Conduct Authority (FCA) awarded a contract for "Internal Audit Co-Source" under the industry category of internal audit services (CPV 79212200). This selective procurement process was conducted as a call-off from a framework agreement, with the contract running from 11th March 2025 to 10th March 2028. The contract, valued at £5,000,000 GBP, covers multiple locations including the British Oversea Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and the United Kingdom, but specifies the FCA office address in London. The procurement process has concluded with the award stage, confirmed on 11th March 2025, and published on 22nd April 2025, with Deloitte LLP designated as the supplier.

This tender offers significant opportunities for businesses with a proven track record in delivering high-quality internal audit services, particularly those capable of working within a framework agreement. Given the substantial contract value and the extensive geographical reach, companies that are well-equipped to provide efficient and value-adding internal audit support can find substantial growth and business development prospects. Additionally, entities interested in expanding their collaboration with a reputable organisation like the FCA may find this contract beneficial, although it was noted that the procurement was not targeted at SMEs or VCSEs specifically.

How relevant is this notice?

Notice Information

Notice Title

Internal Audit Co-Source

Notice Description

The FCA is seeking a partner to help deliver on the FCA's Internal Audit vision of being a trusted, efficient, value-adding business partner, applying best practice and promoting a culture of accountability to provide insight, drive continuous improvement and support colleagues to achieve the FCA and PSR's Strategy.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-85260da2-8856-490a-915e-5cd0eeee7d77
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0dd3c9d8-54c3-4007-9f45-25b4ef6df262
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

79212200 - Internal audit services

Notice Value(s)

Tender Value
£5,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£5,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
22 Apr 20251 years ago
Submission Deadline
4 Oct 2024Expired
Future Notice Date
Not specified
Award Date
11 Mar 20251 years ago
Contract Period
11 Mar 2025 - 10 Mar 2028 3-4 years
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
Financial Conduct Authority
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
Postcode Area
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
Not specified
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

DELOITTE LLP - FCA - LONDON EC4A 3BQ

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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