This public procurement record has 2 releases in its history.

Award

03 Jul 2026 at 09:48

Award

24 Feb 2026 at 09:42

Summary of the contracting process

The Isle of Wight Council has undertaken a procurement process titled "Provision of specialist project support in respect of the McCloud remedy," focusing on financial and insurance services. This procurement falls under the industry category of services and has been completed using a selective procurement method, specifically under an award framework. The process commenced with an award date on 1st January 2026, with a contract period starting on 7th March 2026 and ending on 31st December 2026, with the possibility of an extension up to 31st March 2027. The procurement took place in Newport, United Kingdom, and the value of the procurement was £578,250 excluding VAT.

This tender presents significant opportunities for businesses specialising in providing financial and insurance services, particularly those capable of supporting public authority projects like the McCloud remedy. Large-scale enterprises with established capabilities in handling complex financial service requirements would be well-positioned to compete, especially those that can operate within sub-central government frameworks. The contract with a substantial value close to £694,000 including VAT, indicates a considerable scope of work that can lead to further opportunities within the public sector, promoting growth and fostering long-term business relationships.

How relevant is this notice?

Notice Title

Provision of specialist project support in respect of the McCloud remedy

Notice Description

a) Phase 1 in relation to Group 1 and Group 2 members: PS116,665 b) Phase 3 in relation to Group 3 members: PS61,585 c) Revised benefit management work: PS400,000 PS578,250.00 (exc VAT). Please note the start date as being 08 January 2026.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-065ab6
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/062663-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Award under framework
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£578,250 £500K-£1M
Contracts Value
£578,250 £500K-£1M

Notice Dates

Publication Date
3 Jul 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
1 Jan 20266 months ago
Contract Period
7 Mar 2026 - 31 Dec 2026 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
ISLE OF WIGHT COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWPORT
Postcode
PO30 1UD
Post Town
Portsmouth
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ34 Isle of Wight
Delivery Location
Not specified

Local Authority
Isle of Wight
Electoral Ward
Newport Central
Westminster Constituency
Isle of Wight West

Supplier Information

Number of Suppliers
1
Supplier Name

HYMANS ROBERTSON

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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