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Master Vendor Recruitment (Contingent Workers)

FINANCIAL SERVICES COMPENSATION SCHEME LIMITED

This public procurement record has 1 release in its history.

Tender

04 Feb 2026 at 09:44

UK4 - Tender Notice
Summary of the contracting process

The Financial Services Compensation Scheme Limited (FSCS), a sub-central government public authority based in London, has initiated a tender process seeking a Master Vendor for Recruitment of Contingent Workers. This opportunity pertains to the industry category of recruitment services, with the procurement operating at the "tender" stage. The process follows a selective procurement method using a competitive flexible procedure as per the Procurement Act 2023. Interested suppliers must express their interest by submitting Procurement Specific Questionnaires (PSQs) through an online portal by 2nd March 2026, with further submission deadlines spanning until 8th September 2026. The tender is focused on service delivery within the United Kingdom.

This tender presents a lucrative opportunity for businesses specialising in workforce management, particularly those adept at handling contingent workforce needs like independent contractors, freelancers, and consultants. Companies with expertise in personnel sourcing, compliance, onboarding, and offboarding processes may find this opportunity particularly beneficial, especially given the contract's initial value of £25.1 million. Small and medium enterprises (SMEs) as well as voluntary, community, and social enterprises (VCSEs) are encouraged to participate, potentially benefiting from the option to extend contracts by up to a further two years, which could bolster long-term business growth and stability in recruitment services provision.

How relevant is this notice?

Notice Information

Notice Title

Master Vendor Recruitment (Contingent Workers)

Notice Description

FSCS currently have a Master Vendor in place to support all our permanent, fixed-term and contingent worker recruitment except for Executive and Non-Executive Director (NED) recruitment which is managed separately. This recruitment model has worked well for FSCS for over 10 years however, in light of changing business priorities and resourcing requirements we have identified the need to change our recruitment model. As a result, we will now transition to a hybrid recruitment model that will see us bringing the management of permanent and fixed term hiring in-house and contracting with a Master Vendor for our contingent workforce hiring and management only. Contingent workers will include: * Independent contractors * Freelancers * Consultants * Temporary agency workers * Workers engaged via umbrella companies FSCS is now looking to appoint Master Vendor (Contingent Workers) to provide a full 360-degree service of contingent worker hiring and management to include: sourcing and attraction, screening & selection, offer and contract management, compliance (vetting, AWR, IR35, employment and equality legislation), onboarding, payroll, performance monitoring and management, offboarding and re-engagement, analytics, and reporting. The contract will be for an initial term of two (2) years with the option to extend for up to a further two (2) years in two twelve-month extensions at FSCS's sole discretion.

Lot Information

Lot 1

Renewal: The contract will be for an initial term of two (2) years with the option to extend for up to a further two (2) years in two twelve-month extensions at FSCS's sole discretion.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-064670
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/009780-2026
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive flexible procedure
Tender Suitability
SME, VCSE
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
£25,100,000 £10M-£100M
Lots Value
£25,100,000 £10M-£100M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
4 Feb 20266 months ago
Submission Deadline
18 Feb 2026Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Oct 2026 - 29 Oct 2028 2-3 years
Recurrence
2029-10-01

Notice Status

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

Buyer & Supplier

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 7AW
Postcode Area
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
Aldgate
Westminster Constituency
Cities of London and Westminster

Further Information

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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