This notice announces an administrative change to an existing contract or market (a contract change notice). No new tender or admission is opened here; see the linked notices below for the original opportunity.
Official UK procurement notice
AI Live Testing Support · UK public procurement notice
Authority: Financial Conduct Authority (Public body)
What is being bought
Published requirement descriptionThis contract is for AI assurance consultancy expertise to support the AI Live Testing service. The purpose of the contract is to enable the safe and responsible adoption of AI in UK financial services to unlock its potential for markets and consumers, whilst balancing its risks.
FCA AI Live Testing, as part of the AI Lab, will explore the challenges that firms face before live AI deployment in UK financial markets. It aims to foster collaboration, develop shared understanding, and explore evaluation methods (e.g. model metrics) and potential frameworks or benchmarks that may facilitate safe and responsible AI use throughout its lifecycle, from input quality control to outcomes measurement.
- No preliminary market engagement: In order to meet organisational timeline requirements we have not carried out prior market engagement and will be carrying this procurement out under standard timelines for an open procedure.
CPV: Financial information systems · Financial market regulatory services
The lotProcurement structure
single lot · value publishedLot #1AwardedRenewalPublished value£375,000
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published sub-criteria (2)
- Technical: 70%
- Commercial: 30%
Published award criteria (2)
- Commercial: Commercial proposal
- Technical: Technical evaluation of the supplier's proposal.
- Price carries 30 of 100 points: a 10% discount moves about 3 points. The method statement decides this lot, not the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Open procedure
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Services
- Notice status
- Administrative change
- Procurement threshold
- Above threshold (FTS publication)
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 8 Jul 2025, 17:28 BST
- Last source update
- 7 Sept 2026, 10:09 BST
- Award evaluation window
- Submission end – 15 Sept 2025
- Authority reference
C3482- FTS notice number
2025/S 000-038394- Latest notice
- Contract change notice (UK10)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-055b82Find a Tender- Contract terms summary
The FCA's payment terms for this contract are monthly, in arrears.
How it was run
Official notice- Submission deadline
- 4 Aug 2025, 12:00 BST
- Clarification deadline
- 24 Jul 2025, 12:00 BST
- Submission channel
- Official e-sourcing portal
- Electronic submission
- Allowed
- Accepted languages
- en
Timeline
8 Jul 2025 → 7 Sept 2026 · 8 dates- Tender notice published8 Jul 2025, 17:28 BST
- Clarification questions by24 Jul 2025, 12:00 BST
- Submission deadline4 Aug 2025, 12:00 BST
- Assessment summaries sent8 Sept 2025, 00:00 BST
- Contract starts15 Sept 2025, 00:00 BST
- Award decision expected by400 days ago15 Sept 2025, 23:59 BST
- Standstill ends398 days ago17 Sept 2025, 23:59 BST
- Latest notice published43 days ago7 Sept 2026, 10:09 BST
Notice history
8 events · 6 releases on Find a Tender · since 8 Jul 2025- Tender notice published8 Jul 2025, 17:28 BSTUK4
- Contract award notice published8 Sept 2025, 11:13 BSTUK6
- Status changed to complete8 Sept 2025, 11:13 BST
- Contract award notice published8 Sept 2025, 15:53 BSTUK6
- Contract signature expected18 Sept 2025, 23:59 BSTscheduled
- Contract details notice published25 Sept 2025, 14:45 BSTUK7
- Contract change notice published29 May 2026, 14:48 BSTUK10
- Contract change notice published7 Sept 2026, 10:09 BSTUK10
Routine re-releases (6)
- 2025-09: 2 releases · 8 Sept 2025, 8 Sept 2025
- 2025-07: 1 release · 8 Jul 2025
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| ADVAI LTDSME19 Sept 2025 – 19 Jun 2026 · up to 17 Sept 2026Extensions: 1 three month extension period available. · Options: 1 three month extension period available. · Amended: Updating Number of tenders received | £280,560 | 8 Sept 2025 | Awarded |
Contracts
AI Live Testing Support · ADVAI LTDSME
- Signed
- 22 Sept 2025
- Value
- £187,040
- Period
- 17 Sept 2026 – 17 Mar 2027 · up to 29 Jan 2027 with extensions
- Status
- active
- Extensions
- 1 three month extension period available.
- Options
- 1 three month extension period available.
- Change 7 Sept 2026 Due to greater than expected interest in the programme, additional resource was required from the supplier to support the engagements with programme participants.
- Change 15 May 2026 This modification utilises an existing contract extension option, extending the services until 18/09/2026.
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 7final-stage tenders · 14 at stage one | 6 | 0 | — |
Contracting authority & participating public bodies
Bidders & participating suppliers
1 commercial party on the notice- ADVAI LTDAwarded supplier
Official documents & specifications (6)
Official links; attachments are not copiedNotices published for this procedure
- Contract change notice Contract change notice on Find a Tender
- Contract change notice Contract change notice on Find a Tender
- Contract details notice Contract details notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Tender notice Tender notice on Find a Tender