Award

Supply of Temporary and Permanent Personnel Services (Master Vendor)

FINANCIAL SERVICES COMPENSATION SCHEME

This public procurement record has 4 releases in its history.

Award

15 Aug 2025 at 09:05

Tender

15 Nov 2024 at 19:05

TenderUpdate

26 Sep 2024 at 09:05

Planning

25 Sep 2024 at 18:05

Summary of the contracting process

The Financial Services Compensation Scheme (FSCS) had intended to procure master vendor services for temporary and permanent personnel across their operations in London. Originally, this procurement, under the CPV classification of recruitment services, involved a contract valued at £56 million, following a selective procurement method and restricted procedure. The procurement process was active with a submission deadline on 16 December 2024 and was scheduled for a duration of up to 48 months, including potential renewals. Unfortunately, due to evolving recruitment needs and broader organisational planning, the specific tender process was ultimately cancelled as FSCS decided to re-evaluate its service requirements and restructuring approach.

This procurement process, had it proceeded, would have presented a significant opportunity for businesses specialising in recruitment services, particularly those capable of providing both temporary and permanent personnel. Targeted at experienced agencies, including small and medium enterprises (SMEs), it aimed to support FSCS’s People Team in attracting and retaining talent with the requisite skills and attitude needed to further the organisation’s strategic goals. The tender's focus on non-executive roles, avoiding executive and NED positions, indicated opportunities for agencies proficient in large-scale hiring for varied operational roles, promising considerable business growth potential in partnership with a major financial sector player.

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Notice Title

Supply of Temporary and Permanent Personnel Services (Master Vendor)

Notice Description

In September 2024, FSCS published a Prior Information Notice in relation to procurement of master vendor contracts under two Lots, (i) Claims handler and (ii) Non-claims handler. The two Lots covering both permanent and contractor roles across the Scheme. Following a Supplier Briefing event, FSCS decided to procure all its requirements for temporary and permanent personnel under a single Master Vendor contract. FSCS already has a specialist recruitment framework for executive and non-executive roles. The new master vendor contract will be in addition to this arrangement and will therefore not include executive and non-executive roles. The services will include supporting a FSCS's People Team to attract, recruit and retain candidates with the right blend of skills, qualifications, experience, knowledge, and attitude into the right roles and in the right place to deliver on the Scheme's strategy. The services must include the smooth transition from our existing master vendor arrangement.

Lot Information

Claims Handling (Permanent and Contractors)

In September 2024, FSCS published a Prior Information Notice in relation to procurement of master vendor contracts under two Lots, (i) Claims handler and (ii) Non-claims handler. The two Lots covering both permanent and contractor roles across the Scheme. Following a Supplier Briefing event, FSCS decided to procure all its requirements for temporary and permanent personnel under a single master vendor contract. FSCS already has a specialist recruitment framework for executive and non-executive roles. The new master vendor contract will be in addition to this arrangement and will therefore not include executive and non-executive roles. The services will include supporting a FSCS's People Team to attract, recruit and retain candidates with the right blend of skills, qualifications, experience, knowledge, and attitude into the right roles and in the right place to deliver on the Scheme's strategy. The services must include the smooth transition from our existing master vendor arrangement. We currently have a Master Vendor in place to support all our recruitment needs, temporary agency worker, contractor, fixed term and permanent, except for Executive and NED recruitment. Our current Master Vendor contract is coming to the end of its life and therefore we are seeking a new Master Vendor initially for a two-year contract with the option to extend for up to a further two years in two twelve-month extensions. We aim to build and maintain the trust of everyone we work with through rigorously independent decisions, efficient operations, resilience in tackling financial failures and always putting our customers first. Our claim handlers are our customer facing roles and as such we rely on their professionalism, skills, and expertise to handle the process with the customers and to arrive at the right outcome in every case. We recognise that to achieve the levels of service and trust we strive for we must recruit the right contractors and permanent staff. The Service Provider will handle all our recruitment requirements within the scope defined in this Statement of Requirements for temporary agency workers, contractors, fixed term, and permanent staff, i.e., all roles except for Executive and NED roles. They will be required to source talent with the essential technical skills and expertise required as well as the attitudinal attributes and qualities that are consistent with those of FSCS.

Renewal: The contract will have an option to extend for up to a further two years in two twelve-month extensions (maximum term of 48 months).

Supply of Temporary and Permanent Non-Claims Handling Personnel

Supply of temporary and permanent non-claims handling personnel

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04a2f8
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/049006-2025
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted 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

79600000 - Recruitment services

Notice Value(s)

Tender Value
£56,000,000 £10M-£100M
Lots Value
£56,000,000 £10M-£100M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Aug 20256 months ago
Submission Deadline
16 Dec 2024Expired
Future Notice Date
14 Nov 2024Expired
Award Date
15 Aug 20256 months ago
Contract Period
Not specified - Not specified
Recurrence
4 years

Notice Status

Tender Status
Cancelled
Lots Status
Cancelled, Planned
Awards Status
Unsuccessful
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
FINANCIAL SERVICES COMPENSATION SCHEME
Contact Name
Jean Mutudza
Contact Email
jean.mutudza@fscs.org.uk
Contact Phone
+44 2073758175

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, TLI4 Inner London - East

Local Authority
City of London
Electoral Ward
Portsoken
Westminster Constituency
Cities of London and Westminster

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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