Award

End-to-End Claims Handling Service

FSCS

This public procurement record has 1 release in its history.

Award

24 May 2018 at 08:21

Summary of the contracting process

The Financial Services Compensation Scheme Limited (FSCS) is seeking a strategic partner to provide an End-to-End Claims Handling Service. This procurement is classified under financial and insurance services and is located in London, England. The contract, valued at £68,100,000, is designed to enhance customer experience through improved outsourcing arrangements. The contract period is set to commence on 2nd July 2018 and conclude on 1st April 2023, following a tender period that ended on 18th December 2017. The process has now reached the award stage, with the contract awarded to Capita Business Services Limited on 17th January 2018.

This tender opens significant opportunities for businesses in the financial services sector, particularly for those specialising in claims handling and service management. Companies that can demonstrate the capability to manage complex service delivery and support services across various jurisdictions, including the UK and other territories, would be well-suited to compete or collaborate on such projects. The emphasis on developing strategic partnerships indicates that businesses that align with FSCS’s operational strategy to enhance customer value may find fruitful avenues for growth.

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Notice Title

End-to-End Claims Handling Service

Notice Description

The Financial Services Compensation Scheme Limited (FSCS) is seeking a strategic delivery partner (Strategic Partner) to deliver an end-to-end claims handling service (the Service). The vision for the Service is to transform FSCS' outsourcing arrangements to ensure they are aligned with its new operational strategy - to enhance customer experience and value. FSCS want to create stronger relationships with fewer strategic partners to drive significant value. The Strategic Partner will be responsible for: - Service Management Services - Support Services - Deposit Services - Non Deposit Services FSCS may during the life of the contract require the Service Provider to provide the following Optional Services: - Insurance Provision Services; - Identification and Verification Tool; - Portfolio Management Tool - Physical Storage - Default Investigation Services - Thematic Issues Resolution The full description can be obtained from the OJEU contract award notice

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a29bbd20-89dc-4379-b57a-bec3ea392cfc
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7bbbc22c-118b-4a0a-aa5e-7e7739466d1e
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£68,100,000 £10M-£100M
Lots Value
Not specified
Awards Value
£68,100,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
24 May 20187 years ago
Submission Deadline
18 Dec 2017Expired
Future Notice Date
Not specified
Award Date
17 Jan 20188 years ago
Contract Period
1 Jul 2018 - 1 Apr 2023 4-5 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
FSCS
Contact Name
Not specified
Contact Email
chris.sutherland@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

CAPITA BUSINESS SERVICES

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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