---
title: "Board Effectiveness Review"
ocid: "ocds-h6vhtk-06f25e"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06f25e"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-06f25e.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-06f25e.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "Financial Conduct Authority"
published: "2026-09-04"
---

# Board Effectiveness Review

Buyer: Financial Conduct Authority  
Current stage: Award  
OCID: ocds-h6vhtk-06f25e

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06f25e)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-06f25e.json)

## Summary

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.

## Notice

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/083936-2026 |
| 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 |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 4 Sep 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 4 Aug 2026 - 2 Feb 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £48,910 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Active |
| Contracts status | Active |

## 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 | Not specified |

## 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

- 79410000 - Business and management consultancy services

## Release History

- 4 Sep 2026 at 14:26 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/083936-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/083936-2026
  4th September 2026 - Contract details notice on Find a Tender

## Notice URLs

- http://www.fca.org.uk
- https://www.independentaudit.com/
- https://www.legislation.gov.uk/ukpga/2023/54/contents

## 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-h6vhtk-06f25e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-06f25e.json.