Planning

Specialist Services Framework - Request for Information

FINANCIAL SERVICES COMPENSATION SCHEME

This public procurement record has 1 release in its history.

Planning

21 Oct 2024 at 11:05

Summary of the contracting process

The Financial Services Compensation Scheme (FSCS) is planning a procurement titled "Specialist Services Framework - Request for Information," categorized under Financial and Insurance Services (CPV Code: 66000000). The procurement is in the planning stage, with key dates including a future notice date of 13th January 2025. FSCS aims to create a framework that will enable quick access to specialist expertise, notably in areas such as actuarial knowledge, insolvency, and recoveries assistance. The location for this procurement is the United Kingdom, and it will primarily utilise a services procurement method.

This tender represents a significant opportunity for businesses specialising in financial and insurance consultancy services. Companies with capabilities in financial management, insurance consultancy, and financial transaction processing will find this tender particularly advantageous for fostering business growth. The flexible nature of the framework will allow businesses to provide on-demand expertise, aligning with FSCS's need for quick and sometimes instantaneous technical and policy support in emerging and new areas. This can be a notable pathway for firms aiming to expand their portfolio and establish long-term engagements with a prominent public sector body like FSCS.

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Notice Title

Specialist Services Framework - Request for Information

Notice Description

FSCS is seeking to create a 'Specialist Services' framework to provide quick access to specialist expertise and support on an as-needed basis, with services including, but not limited to, specialist technical knowledge and advice, operationalising new rules, and resource augmentation - including in emerging and new areas of work not currently covered by FSCS. FSCS is undertaking an RFI to receive feedback and information from the market for provision of the services sought that will assist FSCS in its options analysis. The objectives for FSCS are to: *Gauge interest from the market to an FSCS framework *Understand market capability across the areas identified as being within scope. *Understand the expectations on FSCS in respect of ongoing engagement during the framework term.

Lot Information

Lot 1

The purpose of the 'Specialist Services' framework is to provide FSCS with quick access to expertise, support or resource where the knowledge/skills are not readily available in-house. Examples of knowledge/skills that may be required are actuarial expertise, insolvency, recoveries assistance, insurance failures, loss adjusters, run-off processing capability such as Employers' Liability, complex products, RECAL/Pension calculation expertise, fast response for large deposits failure, and forecasting and planning expertise. The framework needs to be flexible and able to provide quick, sometimes instant, access to technical and policy/regulatory expertise in new or emerging areas, or in products that may be covered by FSCS in the future. It should also be able to provide additional overflow for volumes that FSCS is unable to process through its 'business as usual' resourcing model.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04af95
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/033929-2024
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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


CPV Codes

66000000 - Financial and insurance services

66170000 - Financial consultancy, financial transaction processing and clearing-house services

66171000 - Financial consultancy services

66519310 - Insurance consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

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

Notice Dates

Publication Date
21 Oct 20241 years ago
Submission Deadline
Not specified
Future Notice Date
13 Jan 2025Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

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

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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