Award

Oversight Support for EWIC

FINANCIAL SERVICES COMPENSATION SCHEME LIMITED

This public procurement record has 1 release in its history.

Award

06 May 2021 at 15:20

Award Notice
Summary of the contracting process

The Financial Services Compensation Scheme Limited (FSCS) has recently completed a tender process for a project titled "Oversight Support for EWIC" in the legal advisory services industry. Located in London, England, this process was initiated to address urgent remedial works related to high-value claims originating from fire safety issues in residential developments. The procurement was executed as a direct method through a single tender action, with a total contract value of £142,000. The contract period spans from 19 April 2021 to 18 October 2021, with the tender period concluding on 18 April 2021.

This tender presents an excellent opportunity for specialist insurance law firms and loss adjusters with expertise in fire safety and high-rise residential issues to engage with FSCS. Businesses that can provide legal advisory services and possess the capacity to manage complex, high-value claims will be well-positioned to compete for similar contracts in the future. Additionally, small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are particularly encouraged to participate, given the nature of this procurement process.

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Notice Information

Notice Title

Oversight Support for EWIC

Notice Description

The failure of East West has presented FSCS with a portfolio of claims originating from flammable cladding being installed on high-rise, multi-occupancy residential developments. Other fire safety issues are also commonly being found on these buildings. Urgent remedial work is required to resolve these claims and the claims themselves are very high value (i.e. multi-million GBP). FSCS has no expert knowledge of handling this type of claim and equally there is very limited expert resource available in the wider market. The decision was therefore taken to engage a specialist insurance law firm together with a firm of loss adjusters with experience in this area to provide the requisite legal and loss-adjuster expertise support for FSCS, this will also upskill FSCS resource.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-930a8ace-c54b-4a6f-bc0a-22a7d897ff0b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4a81cd61-f043-4073-a169-531105ff709b
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
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

79111000 - Legal advisory services

Notice Value(s)

Tender Value
£142,000 £100K-£500K
Lots Value
Not specified
Awards Value
£142,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
6 May 20214 years ago
Submission Deadline
17 Apr 2021Expired
Future Notice Date
Not specified
Award Date
17 Apr 20214 years ago
Contract Period
18 Apr 2021 - 18 Oct 2021 6-12 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
FINANCIAL SERVICES COMPENSATION SCHEME LIMITED
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
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

THORNPART ADJUSTERS

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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