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Board Effectiveness Review

Financial Conduct Authority

This public procurement record has 1 release in its history.

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04 Sep 2026 at 14:26

UK7 - Contract Details Notice
Summary of the contracting process

The Financial Conduct Authority bought an independent Board Effectiveness Review to support its obligations under its Board Charter and corporate governance framework. The work is a business and management consultancy service, covering an assessment of how effectively the FCA’s Board operates and supports corporate governance. Delivery is for the FCA in the United Kingdom, with the buyer based at 12 Endeavour Square, London. The requirement was organised as a single service lot. It is relevant to consultancies that provide independent board evaluations, governance reviews, board performance assessments or related senior-level organisational advice. The appointed supplier, Independent Audit, is a small or medium-sized enterprise and is based in Bristol.

The procurement is complete and the contract has been awarded to Independent Audit. The FCA used a direct award below the applicable threshold, without competition. The contract was signed on 3 August 2026 and runs from 4 August 2026 to 2 February 2027. Its value is £48,910 excluding VAT, or £58,692 including VAT. The award is recorded as active and covers the single Board Effectiveness Review lot. The requirement was evaluated and concluded through the direct-award route rather than an open tender. The contract is for services delivered in the United Kingdom, and the contracting authority is the Financial Conduct Authority.

For a supplier that did not receive this award, the procurement demonstrates demand from the FCA for independent scrutiny of board performance within a formal corporate governance framework. Competitors would need credible capability in board effectiveness reviews, governance assessment and business management consultancy, with the independence to provide objective findings and advice to a regulated public authority. Strong understanding of board responsibilities, governance arrangements, performance evaluation and the relationship between a board charter and organisational oversight would be relevant. The award also shows that this type of requirement can be placed through a below-threshold direct route without competition, so suppliers seeking similar work should understand the FCA’s governance needs and be able to present a focused, proportionate review service.

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Notice Information

Notice Title

Board Effectiveness Review

Notice Description

This contract is for the provision of an independent Board Effectiveness Review to support the FCA's obligations under its Board Charter and corporate governance framework.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06f25e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/083936-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£48,910 Under £100K

Notice Dates

Publication Date
4 Sep 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
4 Aug 2026 - 2 Feb 2027 6-12 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Financial Conduct Authority
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
E20 1JN
Postcode Area
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
Not specified
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

Independent Audit Limited

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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