---
title: "Board Effectiveness Review"
ocid: "ocds-b5fd17-a726b38d-ccce-4b57-b998-5e1cdbdb77e6"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-a726b38d-ccce-4b57-b998-5e1cdbdb77e6"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-a726b38d-ccce-4b57-b998-5e1cdbdb77e6.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-a726b38d-ccce-4b57-b998-5e1cdbdb77e6.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "Financial Conduct Authority"
published: "2026-08-27"
---

# Board Effectiveness Review

Buyer: Financial Conduct Authority  
Current stage: Award  
OCID: ocds-b5fd17-a726b38d-ccce-4b57-b998-5e1cdbdb77e6

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-a726b38d-ccce-4b57-b998-5e1cdbdb77e6)  
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## Summary

The Financial Conduct Authority (FCA) procured an externally facilitated Board Effectiveness Review. The work is a business and management consultancy service intended to assess the effectiveness of the FCA’s board through an independent external review. Delivery is in London, including the FCA’s address at 12 Endeavour Square, E20 1JN. The requirement concerns professional advisory and review services rather than goods, construction or routine administration. It is relevant to consultancies that provide independent board evaluations, governance reviews, board performance assessments or related organisational effectiveness advice. The named buyer is the FCA, and the selected supplier is an SME based in Bristol. The review is for the FCA itself rather than a broader programme involving multiple public bodies or delivery locations.

The procurement has been completed and the contract was awarded on 31 July 2026 through a direct single-tender action below the threshold. Independent Audit was selected as supplier. The awarded value is £58,692, and the contract runs from 3 August 2026 to 2 February 2027. The tender submission deadline was 27 July 2026 at 12:00. The procurement was evaluated as a services requirement and was not identified as suitable for SMEs or voluntary, community and social enterprises, despite the appointed supplier being an SME. This was a single requirement rather than a lot-based competition. The tender’s stated classification is business and management consultancy and related services. The contract is active and the overall tender status is complete.

For a future FCA requirement of this kind, credible competitors would need to demonstrate independent external facilitation of board effectiveness reviews, with the capability to assess board performance and provide structured governance advice. Relevant firms are likely to be specialist management consultancies or governance advisers able to work directly with a regulated financial-services organisation and its board. The appointed supplier’s SME status shows that delivery at this scale can be undertaken by a smaller specialist business, although the procurement itself did not identify the opportunity as SME-suitable. A strong proposition would therefore need clear evidence of board-review methodology, experienced facilitators, impartiality, senior stakeholder engagement and the capacity to complete a focused review for the FCA in London.

## Notice

This contract is for the provision of an externally facilitated Board Effectiveness Review for the FCA.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/d8ff820a-4f93-4a32-a808-e0045678e2af |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Single tender action (below threshold) |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 27 Aug 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 31 Jul 2026 |
| Contract period | 3 Aug 2026 - 2 Feb 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £58,692 |
| Lots value | Not specified |
| Awards value | £58,692 |
| 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 | Financial Conduct Authority |
| Locality | LONDON |
| Postcode area | East London |
| Postcode | E20 1JN |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI41 Hackney and Newham |
| Local authority | Newham |
| Electoral ward | Stratford Olympic Park |
| Westminster constituency | Stratford and Bow |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | Independent Audit Limited |

## CPV Codes

### Divisions

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

### Codes

- 79400000 - Business and management consultancy and related services

## Release History

- 27 Aug 2026 at 11:13 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/d8ff820a-4f93-4a32-a808-e0045678e2af

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/d8ff820a-4f93-4a32-a808-e0045678e2af
  27th August 2026 - Awarded contract notice on Contracts Finder

## 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-a726b38d-ccce-4b57-b998-5e1cdbdb77e6. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-a726b38d-ccce-4b57-b998-5e1cdbdb77e6.json.