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Board Effectiveness Review

Financial Conduct Authority

This public procurement record has 1 release in its history.

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27 Aug 2026 at 11:13

Award Notice
Summary of the contracting process

The Financial Conduct Authority (FCA) procured an externally facilitated Board Effectiveness Review. The work is a business and management consultancy service intended to assess the effectiveness of the FCA’s board through an independent external review. Delivery is in London, including the FCA’s address at 12 Endeavour Square, E20 1JN. The requirement concerns professional advisory and review services rather than goods, construction or routine administration. It is relevant to consultancies that provide independent board evaluations, governance reviews, board performance assessments or related organisational effectiveness advice. The named buyer is the FCA, and the selected supplier is an SME based in Bristol. The review is for the FCA itself rather than a broader programme involving multiple public bodies or delivery locations.

The procurement has been completed and the contract was awarded on 31 July 2026 through a direct single-tender action below the threshold. Independent Audit was selected as supplier. The awarded value is £58,692, and the contract runs from 3 August 2026 to 2 February 2027. The tender submission deadline was 27 July 2026 at 12:00. The procurement was evaluated as a services requirement and was not identified as suitable for SMEs or voluntary, community and social enterprises, despite the appointed supplier being an SME. This was a single requirement rather than a lot-based competition. The tender’s stated classification is business and management consultancy and related services. The contract is active and the overall tender status is complete.

For a future FCA requirement of this kind, credible competitors would need to demonstrate independent external facilitation of board effectiveness reviews, with the capability to assess board performance and provide structured governance advice. Relevant firms are likely to be specialist management consultancies or governance advisers able to work directly with a regulated financial-services organisation and its board. The appointed supplier’s SME status shows that delivery at this scale can be undertaken by a smaller specialist business, although the procurement itself did not identify the opportunity as SME-suitable. A strong proposition would therefore need clear evidence of board-review methodology, experienced facilitators, impartiality, senior stakeholder engagement and the capacity to complete a focused review for the FCA in London.

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Notice Information

Notice Title

Board Effectiveness Review

Notice Description

This contract is for the provision of an externally facilitated Board Effectiveness Review for the FCA.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a726b38d-ccce-4b57-b998-5e1cdbdb77e6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d8ff820a-4f93-4a32-a808-e0045678e2af
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
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£58,692 Under £100K
Lots Value
Not specified
Awards Value
£58,692 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Aug 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
31 Jul 20261 months ago
Contract Period
3 Aug 2026 - 2 Feb 2027 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 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
TLI London
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

Independent Audit Limited

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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