Award

Motor Finance S166

FCA

This public procurement record has 1 release in its history.

Award

31 Jul 2024 at 11:50

Award Notice
Summary of the contracting process

The Financial Conduct Authority (FCA) has completed the procurement process for the "Motor Finance S166" project, identified under the Common Procurement Vocabulary (CPV) code 79400000, which pertains to business and management consultancy and related services. The procurement, which followed a selective method and was derived from a framework agreement, took place in London with a tender period ending on 25th June 2024. The contract period spans from 18th July 2024 to 27th September 2024 with an approximate budget of £7,683,350.78 GBP. Ernst and Young LLP has been awarded the contract, highlighting their robust capabilities in this sector.

This tender presents significant growth opportunities for businesses specialising in financial consultancy, particularly those equipped to handle complex regulatory and compliance projects. The potential contract value can provide a substantial revenue boost and establish the winning firm as a key player in the industry. Larger consultancy firms, rather than SMEs or VCSEs, are particularly well-suited to compete for such projects, given the scale and specialised nature of the tasks involved.

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Notice Information

Notice Title

Motor Finance S166

Notice Description

Motor Finance S166 Re-Plan

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-bf46ab1c-ea9c-4640-986c-acfabb6d5bfb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/abf99404-a879-4e52-b2b5-f7f1831c4947
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

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£7,683,350 £1M-£10M
Lots Value
Not specified
Awards Value
£7,683,350 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
31 Jul 20241 years ago
Submission Deadline
25 Jun 2024Expired
Future Notice Date
Not specified
Award Date
17 Jul 20241 years ago
Contract Period
17 Jul 2024 - 27 Sep 2024 1-6 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
FCA
Contact Name
FCA Procurement
Contact Email
fcaprocurement@fca.org.uk
Contact Phone
0800 111 6768

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
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

ERNST AND YOUNG

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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