Award

GB-london: FSCS526 Salary Benchmarking and Related Services

FINANCIAL SERVICES COMPENSATION SCHEME

This public procurement record has 1 release in its history.

Award

03 Oct 2025 at 13:20

Award Notice
Summary of the contracting process

The Financial Services Compensation Scheme (FSCS) in London has completed a procurement process titled "GB-london: FSCS526 Salary Benchmarking and Related Services". This contract, classified under "Business and management consultancy and related services" (CPV: 79400000), is for the provision of salary benchmarking services. The procurement method was not specified. The contract period is from 21st May 2025 to 20th May 2027, with Innecto People Consulting Limited as the awarded supplier. The contract value is £240,000 and the process was in the award stage as of 3rd October 2025, following an initial award date of 1st March 2025.

This tender presents significant growth opportunities for businesses focusing on human resources consultancy, particularly those excelling in salary benchmarking and compensation analysis. Firms capable of developing transparent job frameworks and remuneration policies aligned with organisational goals would find this contract especially relevant. While the awarded supplier, Innecto People Consulting Limited, is an SME, businesses of any scale with expertise in supporting organisational evolution through competitive salary and benefits strategy could potentially benefit from similar opportunities in this industry sector, especially within the London region.

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Notice Information

Notice Title

GB-london: FSCS526 Salary Benchmarking and Related Services

Notice Description

Provision of salary benchmarking services on an ongoing basis with an initial one-off consultancy project to review FSCS's current approach and propose how the service can continue to support the ongoing evolution and health of the organisation going forward. The outcomes sought are: *Recommendations on the 'health' of the organisation and the roles within it; *a fair and transparent job framework which meets the requirements of the organisation; *a Pay Progression Model; *salary benchmarks for all roles against the appropriate markets; *a Remuneration Policy and processes that underpins and aligns with the organisation's aims and, objectives; *access to robust, quality salary and benefits market benchmarks; *access to guidance and advice on all matters relating to job evaluation, salary, and benefits; *reduced risk of people leaving because of pay and benefits.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b8585f8f-f3b2-41b1-a375-528011813a24
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5e4463ec-03eb-4185-8edd-03b91bebd814
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
Not specified
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
£240,000 £100K-£500K
Lots Value
Not specified
Awards Value
£240,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
3 Oct 20254 months ago
Submission Deadline
20 May 2025Expired
Future Notice Date
Not specified
Award Date
1 Mar 202512 months ago
Contract Period
20 May 2025 - 20 May 2027 1-2 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 SERVICES COMPENSATION SCHEME
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
TLI London
Local Authority
City of London
Electoral Ward
Portsoken
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

INNECTO PEOPLE CONSULTING

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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