---
title: "FSCS526 Salary Benchmarking and Related Services"
ocid: "ocds-b5fd17-5ea59e0e-0561-4b71-a32f-9feddcf6ba6f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-5ea59e0e-0561-4b71-a32f-9feddcf6ba6f"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-5ea59e0e-0561-4b71-a32f-9feddcf6ba6f.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-5ea59e0e-0561-4b71-a32f-9feddcf6ba6f.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "FINANCIAL SERVICES COMPENSATION SCHEME"
published: "2024-12-04"
---

# FSCS526 Salary Benchmarking and Related Services

Buyer: FINANCIAL SERVICES COMPENSATION SCHEME  
Current stage: Tender  
OCID: ocds-b5fd17-5ea59e0e-0561-4b71-a32f-9feddcf6ba6f

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## Summary

The Financial Services Compensation Scheme (FSCS) is seeking providers for the contract titled "FSCS526 Salary Benchmarking and Related Services" within the Business and Management Consultancy sector. This procurement is located in London, United Kingdom, and is currently in the tender stage. The open procedure procurement method is being employed, and the contract's estimated value excluding VAT has been revised to £240,000. Key dates include the tender period end date on 15th January 2025, and the contract period extending from 1st April 2025 to 31st March 2029.

This tender presents significant opportunities for businesses specialising in salary benchmarking and consultancy services, offering a substantial value and a long-term engagement of four years. Small and medium enterprises (SMEs) are considered particularly suitable for this contract, but all tenderers must meet the defined criteria. Businesses that can deliver comprehensive salary benchmarking, job framework creation, and remuneration policy advice, while providing guidance on job evaluation and benefits, will find this contract an excellent opportunity to support FSCS's strategic objectives and enhance their market presence.

## Notice

Text to be corrected in the original notice: Place of text to be modified: Estimated Value Instead of: Estimated Value excluding VAT 480,000 Read: Estimated Value excluding VAT 240,000 Other additional information: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement. Provision of salary benchmarking services on an ongoing basis with an initial one-off consultancy project to review FSCS's current approach and propose how the service can continue to support the ongoing evolution and health of the organisation going forward. The outcomes sought are: *Recommendations on the 'health' of the organisation and the roles within it; *a fair and transparent job framework which meets the requirements of the organisation; *a Pay Progression Model; *salary benchmarks for all roles against the appropriate markets; *a Remuneration Policy and processes that underpins and aligns with the organisation's aims and, objectives; *access to robust, quality salary and benefits market benchmarks; *access to guidance and advice on all matters relating to job evaluation, salary, and benefits; *reduced risk of people leaving because of pay and benefits.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/372fc3b7-0a7d-4cc4-9d2a-9a91444b799e |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME, VCSE |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 4 Dec 2024 |
| Submission deadline | 15 Jan 2025 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 31 Mar 2025 - 31 Mar 2029 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £240,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | FINANCIAL SERVICES COMPENSATION SCHEME |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC3A 7QU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Portsoken |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLI London |

## CPV Codes

### Divisions

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

### Codes

- 79400000 - Business and management consultancy and related services

## Release History

- 4 Dec 2024 at 09:05 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/372fc3b7-0a7d-4cc4-9d2a-9a91444b799e
- 3 Dec 2024 at 16:00 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/372fc3b7-0a7d-4cc4-9d2a-9a91444b799e

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/372fc3b7-0a7d-4cc4-9d2a-9a91444b799e
  4th December 2024 - Opportunity notice on Contracts Finder
- https://www.delta-esourcing.com/tenders/UK-UK-London:-Business-and-management-consultancy-and-related-services./EK3U6665ZF
  Please follow this link to view the notice.

## Provenance

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