Tender

FSCS506 Employee Benefits

FINANCIAL SERVICES COMPENSATION SCHEME

This public procurement record has 1 release in its history.

Tender

20 Feb 2025 at 18:45

Tender Notice
Summary of the contracting process

The Financial Services Compensation Scheme (FSCS) is initiating an open procedure tender process titled "FSCS506 Employee Benefits", aimed at securing services from an Employee Benefits Administrator. This contract seeks to create a comprehensive and efficient benefits management platform for FSCS employees, including a web-based interface and employee helpline. The procurement process, currently in the tender stage, has been published under the Business services category. The tender period is set to end on 1st April 2025. The contract is valued at GBP 500,000 and is set to commence on 1st April 2026, with an expected completion date of 31st March 2029, covering multiple regions including the United Kingdom, Europe, and British Overseas Territories.

This tender presents significant opportunities for businesses specialising in employee benefits administration and managed reward schemes. With the scope involving an integrated on-line platform and direct interfacing capabilities, companies proficient in digital solutions and employee support services stand to benefit greatly. Due to its broad geographic coverage and substantial contract value, it will be particularly advantageous for established firms rather than small or voluntary community and social enterprises. The open procurement method ensures a competitive process, ideal for businesses looking to expand their portfolio and enhance growth through a high-profile government contract.

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Notice Information

Notice Title

FSCS506 Employee Benefits

Notice Description

FSCS seeks the service of an Employee Benefits Administrator to provide a "one stop shop" through which its employees can access their benefits, with fast, efficient and right first-time administration support. The supplier will provide a fully managed reward scheme which would enable FSCS employees to interface directly with the benefit supplier and an employee help-line to resolve queries and provide assistance. It would also have a web-enabled on-line platform that is designed to enable FSCS employees to choose the benefits that are best suited to them, their needs and circumstances.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cfc5425f-c741-4646-a593-28023e951c39
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/12a57792-18b4-440e-a722-3bcd98940af6
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
20 Feb 20251 years ago
Submission Deadline
1 Apr 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2026 - 31 Mar 2029 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
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
Not specified
Local Authority
City of London
Electoral Ward
Portsoken
Westminster Constituency
Cities of London and Westminster

Further Information

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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