Tender

Internal Audit Services

FINANCIAL SERVICES COMPENSATION SCHEME

This public procurement record has 1 release in its history.

Tender

27 Sep 2021 at 09:32

Summary of the contracting process

The Financial Services Compensation Scheme (FSCS) is currently seeking a Service Provider for Internal Audit Services, following a tender process initiated on 27 September 2021. The procurement is classified under the CPV code for internal audit services and is taking place in London, United Kingdom. Interested parties should submit their tenders by 22 November 2021, with the contract expected to commence on 1 April 2022, lasting until 31 March 2026. This procurement is noted as an "Other - Not Specified" method, indicating flexibility in the process.

This tender presents an excellent opportunity for small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) that specialise in auditing, risk management, and process improvement. Businesses with a strong background in proactive internal auditing and a capacity to drive efficiency will find this contract particularly well-suited to their offerings. Engaging with the FSCS can help expand their market presence and establish long-term partnerships within the public sector.

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Notice Title

Internal Audit Services

Notice Description

The FSCS is looking to appoint a Service Provider for the provision of Internal Audit Services. This successful Service Provider will be expected to deliver a proactive, risk-based internal audit service. The Service Provider will be prepared to challenge existing processes and support management in identifying efficiencies and driving change without undue risk, as well as opining on the wider assurance approach. The Financial Services Compensation Scheme intend to undertake the procurement exercise in the last quarter of 2021, with contract expected to start in the new financial year in April 2022.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d2aaf889-9bf0-4c06-902a-7f709a0189c3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/796e70c7-2fb3-44e0-abf1-5baaae415526
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Not Specified
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79212200 - Internal audit services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
27 Sep 20214 years ago
Submission Deadline
22 Nov 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2022 - 31 Mar 2026 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
FINANCIAL SERVICES COMPENSATION SCHEME
Contact Name
Not specified
Contact Email
procurement@fscs.org.uk
Contact Phone
+442073758197

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

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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