Award

Insurance File Review Audit

FINANCIAL SERVICES COMPENSATION SCHEME LIMITED

This public procurement record has 1 release in its history.

Award

20 Oct 2023 at 19:16

Summary of the contracting process

The FINANCIAL SERVICES COMPENSATION SCHEME LIMITED has awarded a contract for Insurance File Review Audit to Camford Sutton Associates Limited. The procurement process had a contract value of £47,000 and involved assessing 3rd party claims handling agents' performance through detailed file reviews. The tender was conducted using an open procedure (below threshold), with the tender period ending on July 7, 2023, and the contract period starting on September 1, 2023, and ending on August 31, 2024. The procurement took place in London, United Kingdom within the services category.

This tender presents an opportunity for SMEs and companies in the insurance services industry to showcase their expertise in insurance file auditing. Businesses experienced in evaluating claims handling processes and meeting regulatory standards would be well-suited to compete for this contract. The contract's focus on reviewing claims files and ensuring compliance with standards provides a chance for suppliers to demonstrate their capabilities in this specialised area, potentially leading to further business growth and opportunities in the insurance sector.

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Notice Title

Insurance File Review Audit

Notice Description

FSCS require an expert insurance auditor to help ensure 3rd party claims handling agents are meeting appropriate standards. This will involve undertaking detailed reviews of claims files and related records to evaluate the performance of said 3rd party claims handling agents.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f7f65383-0adb-46e3-bf2b-448a22fc1c11
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/97b94826-7e67-4d3e-95d0-20c28fcfec7a
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£47,000 Under £100K
Lots Value
Not specified
Awards Value
£47,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Oct 20232 years ago
Submission Deadline
7 Jul 2023Expired
Future Notice Date
Not specified
Award Date
12 Sep 20232 years ago
Contract Period
31 Aug 2023 - 31 Aug 2024 1-2 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
FINANCIAL SERVICES COMPENSATION SCHEME LIMITED
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

Supplier Information

Number of Suppliers
1
Supplier Name

CAMFORD SUTTON ASSOCIATES

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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