---
title: "Standardised cost estimates of regulatory obligations"
ocid: "ocds-b5fd17-27525a3f-adca-11e6-9901-0019b9f3037b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-27525a3f-adca-11e6-9901-0019b9f3037b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-27525a3f-adca-11e6-9901-0019b9f3037b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-27525a3f-adca-11e6-9901-0019b9f3037b.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE FINANCIAL CONDUCT AUTHORITY"
published: "2016-11-21"
---

# Standardised cost estimates of regulatory obligations

Buyer: THE FINANCIAL CONDUCT AUTHORITY  
Current stage: Award  
OCID: ocds-b5fd17-27525a3f-adca-11e6-9901-0019b9f3037b

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-27525a3f-adca-11e6-9901-0019b9f3037b)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-27525a3f-adca-11e6-9901-0019b9f3037b.json)

## Summary

The Financial Conduct Authority (FCA) is conducting a tender entitled "Standardised cost estimates of regulatory obligations," seeking suppliers to provide an up-to-date study on the costs businesses incur due to certain regulatory requirements. This procurement falls within the research and development services category and is located in London, United Kingdom. The tender process used is an open procedure, with the deadline for submissions having been set for 30th September 2016. The contract period for the successful supplier will commence on 18th October 2016 and conclude on 17th January 2017. The awarded contract has a total value of £60,000.

This tender presents significant opportunities for businesses involved in consultancy, research, and financial services analysis. Companies that specialise in regulatory compliance, cost assessment, or feasibility studies would be particularly well-suited to participate. Notably, small and medium-sized enterprises (SMEs) are encouraged to engage in this process, which can foster growth through collaboration with regulatory bodies and enhance their market presence in the financial sector.

## Notice

The FCA is seeking a supplier to provide an up-to-date study of the costs to business of certain regulatory obligations. The Financial Services Authority (FSA) commissioned two studies of standardised costs in 2006. The first report estimated incremental costs of complying with reporting obligations to the regulator (e.g. record-keeping requirements); the second estimated the cost of complying with rules requiring the disclosure of information to third parties, primarily consumers. The study also included estimates of the cost of labour for different standardised job categories. The reports use data from 2005 and have become too out-of-date for the FCA to use. The aim of the present tender is to commission similar up-to-date analysis, with the additional inclusion of estimation of standardised one-off costs. The supplier should aim to: 1. Produce a reasonable and up-to-date schedule of labour costs for different grades of relevant labour in financial services. 2. Using the labour costs and additional evidence, provide estimates of the cost to business of certain kinds of obligations the FCA repeatedly places on firms, both for one-off and ongoing costs. The results of the study will be used in FCA CBAs and Enterprise Act business impact assessments and, as such, need to be based on a robust and transparent methodology. In particular, the estimates must be sufficiently soundly based to be considered acceptable by the Regulatory Policy Committee. Additional information: Suppliers Instructions How to Express Interest in this Tender: 1. Register your company on the eSourcing portal (this is only required once) -- Browse to the eSourcing Portal: https://fca.bravosolution.co.uk and click the link to register -- Accept the terms and conditions and click 'continue' -- Enter your correct business and user details -- Note the username you chose and click 'Save' when complete -- You will shortly receive an email with your unique password (please keep this secure). 2. Express an Interest in the tender -- Login to the portal with the username/password -- Click the 'PQQs / ITTs Open To All Suppliers' link. (These are Pre-Qualification Questionnaires or Invitations to Tender open to any registered supplier) -- Click on the relevant PQQ/ ITT to access the content. -- Click the 'Express Interest' button at the top of the page. -- This will move the PQQ /ITT into your 'My PQQs/ My ITTs' page. (This is a secure area reserved for your projects only). - You can now access any attachments by clicking 'Buyer Attachments' in the 'PQQ/ ITT Details' box. 3. Responding to the tender -- Click 'My Response' under 'PQQ/ ITT Details', you can choose to 'Create Response' or to 'Decline to Respond' (please give a reason if declining) -- You can now use the 'Messages' function to communicate with the buyer and seek any clarification -- Note the deadline for completion, then follow the onscreen instructions to complete the PQQ/ ITT -- There may be a mixture of online and offline actions for you to perform (there is detailed online help available). You must then submit your reply using the 'Submit Response' button at the top of the page. If you require any further assistance please consult the online help, or contact the eTendering help desk.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/58e58881-fa75-473d-b382-acbd834d6e94 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 21 Nov 2016 |
| Submission deadline | 30 Sep 2016 |
| Future notice date | Not specified |
| Award date | 21 Nov 2016 |
| Contract period | 11 Nov 2016 - 10 Mar 2017 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £60,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | THE FINANCIAL CONDUCT AUTHORITY |
| Locality | LONDON |
| Post town | East London |
| Postcode | E14 5HS |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI42 Tower Hamlets |
| Local authority | Tower Hamlets |
| Electoral ward | Canary Wharf |
| Westminster constituency | Poplar and Limehouse |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | REAL ASSURANCE RISK MANAGEMENT |

## CPV Codes

### Divisions

- 71 - Architectural, construction, engineering and inspection services
- 73 - Research and development services and related consultancy services
- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 71241000 - Feasibility study, advisory service, analysis
- 73000000 - Research and development services and related consultancy services
- 79314000 - Feasibility study

## Release History

- 21 Nov 2016 at 14:56 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/58e58881-fa75-473d-b382-acbd834d6e94
- 18 Nov 2016 at 20:15 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/648de4c1-c859-4dd6-943a-325bd5760763

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/58e58881-fa75-473d-b382-acbd834d6e94
  21st November 2016 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/648de4c1-c859-4dd6-943a-325bd5760763
  9th September 2016 - Opportunity notice on Contracts Finder
- https://fca.bravosolution.co.uk/web/login.shtml
  Bravo

## Notice URLs

- https://fca.bravosolution.co.uk

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-27525a3f-adca-11e6-9901-0019b9f3037b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-27525a3f-adca-11e6-9901-0019b9f3037b.json.