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s.166 Skilled Person Review

Financial Conduct Authority

This public procurement record has 2 releases in its history.

Award

09 May 2024 at 09:58

Award Notice
Award

09 May 2024 at 09:56

Award Notice
Summary of the contracting process

The FCA (Financial Conduct Authority) has awarded a contract for a "s.166 Skilled Person Review" consultancy service. The contract is valued at £268,718.40 GBP and involves assessing the control framework of the firm. The procurement method used was selective, with a call-off from a framework agreement. The contract period is from 1st May 2024 to 16th September 2024. The procurement stage has been completed, and the award was made on 18th April 2024. The review will take place in London, United Kingdom.

This tender provides an opportunity for large consultancy firms with expertise in business and management consulting to compete. Businesses interested in providing services related to due diligence, ongoing monitoring, and new product launches control framework assessments are well-suited to participate. The tender was a selective process, indicating a specific qualification requirement for interested suppliers. The contract value and duration are specified for potential bidders to consider before submitting their proposals, aiming to support the growth of niche consultancy service providers within the allocated time frame.

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Notice Information

Notice Title

s.166 Skilled Person Review

Notice Description

S.166 Skilled Persons Review to assess and provide a view of the control framework the firm has in place. This includes, amongst other areas, a focus on the due diligence and ongoing monitoring of third-party data providers, data quality and end-to-end assessment of new product launches.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-fcdc7606-f111-4996-a537-b8616e325a50
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/07c61237-4118-4e50-bc9b-02f482d69102
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
£268,718 £100K-£500K
Lots Value
Not specified
Awards Value
£268,718 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
9 May 20242 years ago
Submission Deadline
5 Mar 2024Expired
Future Notice Date
Not specified
Award Date
18 Apr 20242 years ago
Contract Period
1 May 2024 - 16 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
Financial Conduct Authority
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
E20 1JN
Postcode Area
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

Grant Thornton UK LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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