Tender

FSCS506 Employee Benefits

FINANCIAL SERVICES COMPENSATION SCHEME

This public procurement record has 1 release in its history.

Tender

20 Feb 2025 at 19:05

Summary of the contracting process

The Financial Services Compensation Scheme (FSCS) is currently in the tender stage seeking services in the Business services industry category for a contract titled "FSCS506 Employee Benefits". The procurement involves acquiring an Employee Benefits Administrator to supply a comprehensive benefits management service for FSCS employees. This entails efficient administration, as well as an online platform for employees to access their benefits. The contract is valued at GBP 500,000 and is classified under CPV code 79000000. The tender is being conducted via an open procedure with a bid submission deadline of 1 April 2025, and services to be delivered throughout the United Kingdom.

This tender presents significant business growth opportunities, particularly for firms specialising in employee benefits administration, human resources services, or IT solutions for benefits management. Such businesses can leverage this contract to expand their client portfolio within the public sector and demonstrate their expertise in managing large-scale benefit schemes efficiently. The FSCS’s need for a well-managed, web-enabled benefits platform with strong administrative support aligns well with firms that offer innovative and comprehensive human resource solutions, making this an attractive opportunity to secure a long-term contract that includes potential renewals up to 60 months.

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Notice Title

FSCS506 Employee Benefits

Notice Description

FSCS seeks the service of an Employee Benefits Administrator to provide a "one stop shop" through which its employees can access their benefits, with fast, efficient and right first-time administration support. The supplier will provide a fully managed reward scheme which would enable FSCS employees to interface directly with the benefit supplier and an employee help-line to resolve queries and provide assistance. It would also have a web-enabled on-line platform that is designed to enable FSCS employees to choose the benefits that are best suited to them, their needs and circumstances.

Lot Information

Lot 1

FSCS seeks the service of an Employee Benefits Administrator to provide a "one stop shop" through which its employees can access their benefits, with fast, efficient and right first-time administration support. The supplier will provide a fully managed reward scheme which would enable FSCS employees to interface directly with the benefit supplier and an employee help-line to resolve queries and provide assistance. It would also have a web-enabled on-line platform that is designed to enable FSCS employees to choose the benefits that are best suited to them, their needs and circumstances.

Renewal: 2 x 12 month contract extension (maximum term - 60 months)

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04e5b6
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/006475-2025
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open 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

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
20 Feb 20251 years ago
Submission Deadline
1 Apr 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
5 years

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
FINANCIAL SERVICES COMPENSATION SCHEME
Contact Name
Procurement
Contact Email
procurement@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
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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