---
title: "External Board Effectiveness Review"
ocid: "ocds-b5fd17-d234c343-3e25-48d8-8e2c-381e28908540"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-d234c343-3e25-48d8-8e2c-381e28908540"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-d234c343-3e25-48d8-8e2c-381e28908540.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-d234c343-3e25-48d8-8e2c-381e28908540.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE INSOLVENCY SERVICE"
published: "2026-06-01"
---

# External Board Effectiveness Review

Buyer: THE INSOLVENCY SERVICE  
Current stage: Award  
OCID: ocds-b5fd17-d234c343-3e25-48d8-8e2c-381e28908540

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-d234c343-3e25-48d8-8e2c-381e28908540)  
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## Summary

The Insolvency Service has completed the procurement process for an "External Board Effectiveness Review" as part of its compliance with the corporate governance code for Central Government departments. This initiative called for an independent review of its board's effectiveness, which occurs externally every three years, with the last review conducted in 2023. The process was carried out using a selective procurement method through a framework agreement, categorised under "Research and development services and related consultancy services" (CPV code: 73000000). The contract, valued at £33,624 GBP, was awarded on 12 May 2026, with the contract period spanning from 5 June 2026 to 25 September 2026. The service's activities are located in the United Kingdom.

This tender presents a substantial opportunity for businesses specialising in consultancy services related to corporate governance and board effectiveness. Small and medium enterprises (SMEs) are particularly suitable for this type of project due to the selective procurement method, which can foster competition among smaller firms. The awarded contract to RedQuadrant Ltd, an SME based in London, illustrates the business growth potential for firms equipped to provide independent evaluation services in compliance with government standards. Engaging in such contracts can enhance a company's portfolio and credibility in the public sector consultancy market.

## Notice

Independent review of the effectiveness of the Insolvency Service Board (ISB). The corporate governance code for Central Government departments requires the Agency to review the effectiveness of its Board annually. Every three years that review must be conducted by an independent external party. The Agency's most recent external review took place in 2023.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/754fac92-f76c-49e4-b667-1fb583266447 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | SME |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 1 Jun 2026 |
| Submission deadline | 10 Apr 2026 |
| Future notice date | Not specified |
| Award date | 11 May 2026 |
| Contract period | 4 Jun 2026 - 25 Sep 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £33,624 |
| Lots value | Not specified |
| Awards value | £33,624 |
| 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 INSOLVENCY SERVICE |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1P 2HT |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | REDQUADRANT |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73000000 - Research and development services and related consultancy services

## Release History

- 1 Jun 2026 at 11:56 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/754fac92-f76c-49e4-b667-1fb583266447

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/754fac92-f76c-49e4-b667-1fb583266447
  1st June 2026 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/c84a8443-7e4f-4e2d-9145-07fc48785738

## 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-d234c343-3e25-48d8-8e2c-381e28908540. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-d234c343-3e25-48d8-8e2c-381e28908540.json.