Find a TenderAwardedContract termination notice

Published 13 Jun 2025, 16:12 BST

Official UK procurement notice

APP Scams Evaluation Consultancy

Official notice

Authority: Financial Conduct Authority (Public body)

ServicesOpen procedureAbove thresholdSME suitableVCSE suitable

Sectors: Financial and insurance services (66)Business Services & Consultancy (79) Delivery: UK

Published estimate£458,333£550,000 inc. VAT0.3% above final estimate

Submissions closed 18 Jul 2025awarded 2 Sept 2025

Awarded to Frontier Economics2 awards

Contract term 8 moends 31 May 2026 · starts 22 Sept 2025

What is being bought

Published requirement description

The Financial Conduct Authority (FCA) is establishing a contractual mechanism for the Payments Systems Regulator (PSR), who have procured a supplier to deliver an independently conducted evaluation of its key policies on Authorised Push Payment (APP) fraud – particularly focusing on the reimbursement requirement. This is principally an impact evaluation, though in addition to the analysis of the policies’ impacts we require the chosen supplier to provide an independent view on the effectiveness of the policies at achieving their target outcomes. The final analysis and independent view of the policies’ effectiveness will be published in the form of a report.

CPV: Economic impact assessment · Economic research services · Evaluation consultancy services · Financial consultancy services

The lotProcurement structure

single lot · value published

Lot #1Awarded 8 moSMEVCSEPublished value£458,333

Contract period: 22 Sept 2025 – 31 May 2026 (8 mo)Value: £458,333 exc. VAT · £550,000 inc. VAT

Delivery: UKEligibility: SME eligibleVCSE eligible

66171000 Financial consultancy services 79311400 Economic research services 79311410 Economic impact assessment 79419000 Evaluation consultancy services

Pre-qualification & selection criteria (PQQ)2

Economic & financial standing
-
Technical & professional ability
-

What it takes to win
i
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 more

How bids were scored

Quality: 75%Price: 25%

Published sub-criteria (2)

Technical: 75%
Commercial: 25%

Published award criteria (2)

Technical
Commercial

Conditions of participation2

Economic & financial standing
-
Technical & professional ability
-

What this means for your bid

Price carries 25 of 100 points: a 10% discount moves about 2.5 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: Awarded
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: 13 Jun 2025, 16:12 BST
Last source update: 17 Aug 2026, 11:28 BST
Award evaluation window: Submission end – 29 Aug 2025
Authority reference: C3365
FTS notice number: 2025/S 000-032384
Latest notice: Contract termination notice (UK11)
Classification (CPV): Economic impact assessmentEconomic research servicesEvaluation consultancy servicesFinancial consultancy services
Delivery area: UK
Official registry OCID: ocds-h6vhtk-0548c7 Find a Tender
Contract terms summary: -

Review and risk notes

Risks: -

How it was run

Official notice

Run through: Atamis (Health Family) · Who buys & how to bid on Atamis

Supplier login requiredElectronic submission allowedLanguage: EN

Access & registration note: Free · one account PER buying organisation portal · password resets come "from Salesforce.com" (check spam)

Submission deadline: 18 Jul 2025, 12:00 BST
Clarification deadline: 27 Jun 2025, 12:00 BST
Submission channel: Official e-sourcing portal
Electronic submission: Allowed
Accepted languages: en

Detailed submission instructions & authority contactsFrom official release

Bidders will need to register on the FCA’s eProcurement system (Atamis) to respond to the Tender (atamis-fca.my.site.com/s/Welcome ↗). Bidders should refer to the Atamis Supplier User Guide (services.atamis.co.uk/docs/Supplier_User_G… ↗) for further information. If issues are experienced in accessing Atamis or any documents within Atamis you should contract their dedicated helpdesk on 029 2279 0052 or email at [email protected].

Timeline

13 Jun 2025 → 17 Aug 2026 · 8 dates

Tender notice published
13 Jun 2025, 16:12 BST
Clarification questions by
27 Jun 2025, 12:00 BST
Submission deadline
18 Jul 2025, 12:00 BST
Award decision expected by
29 Aug 2025, 23:59 BST
Assessment summaries sent
2 Sept 2025, 00:00 BST
Standstill ends
11 Sept 2025, 23:59 BST
Contract starts395 days ago
22 Sept 2025, 00:00 BST
Latest notice published66 days ago
17 Aug 2026, 11:28 BST

Notice history

8 events · 6 releases on Find a Tender · since 13 Jun 2025

Tender notice published
13 Jun 2025, 16:12 BST
UK4
Tender notice published
17 Jun 2025, 09:06 BST
UK4
Contract award notice published
2 Sept 2025, 17:13 BST
UK6
Status changed to complete
2 Sept 2025, 17:13 BST
Contract signature expected
15 Sept 2025, 23:59 BST
scheduled
Contract details notice published
29 Sept 2025, 10:10 BST
UK7
Contract change notice published
17 Aug 2026, 11:25 BST
UK10
Contract termination notice published
17 Aug 2026, 11:28 BST
UK11

Published amendments (1)

Relinking to PME UK02

Routine re-releases (6)

2025-09: 1 release · 2 Sept 2025
2025-06: 2 releases · 13 Jun 2025, 17 Jun 2025

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 2

Awarded value £459,6831 contract exc. VAT · 1 repeated publication of the same award counted once

Bids received 136 from SMEs

Contracts signed 1latest 18 Sept 2025

Awarded to	Value	Date	Status
Frontier EconomicsAPP Scams Evaluation22 Sept 2025 – 31 May 2026	£459,683same award published again · counted once	2 Sept 2025standstill to 11 Sept 2025	Standstill
Frontier Economics	£459,683 †	—	Awarded

Contracts

PSR APP Scams Evaluation · Frontier Economics
Signed
18 Sept 2025
Value
£459,683
Period
1 Jun 2026 – 7 Jul 2026
Status
terminated, Contract successfully completed.
Final value
£459,683
Termination
contractCompleted
- Change 27 May 2026 The change is limited to an extension of time due to delays in work completion, with no increase in contract value, no change in scope, and no alteration to the overall character of the contract.

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
13final-stage tenders	6	0	—

Contracting authority & participating public bodies

Financial Conduct Authority

Contracting authorityPublic authority - central government GB-PPON: PTYH-4442-XPRH 12 Endeavour Square, London, London, E20 1JNContact name, email

Bidders & participating suppliers

1 commercial party on the notice

Frontier Economics LimitedAwarded supplierGB-COH: 03752719 65 Clifton Street, Hackney, London, London, EC2A 4JEContact email

Official documents & specifications (6)

Official links; attachments are not copied

Notices published for this procedure

Contract termination notice contractContract termination noticeUK11Contract termination notice on Find a Tender17 Aug 2026, 11:28 BST
Contract change notice contractContract change noticeUK10Contract change notice on Find a Tender17 Aug 2026, 11:25 BST
Contract details notice contractContract details noticeUK7Contract details notice on Find a Tender29 Sept 2025, 10:10 BST
Contract award notice awardContract award noticeUK6Contract award notice on Find a Tender2 Sept 2025, 17:13 BST
Tender notice tenderTender noticeUK4Tender notice on Find a Tender17 Jun 2025, 09:06 BST
Tender notice tenderTender noticeUK4Tender notice on Find a Tender13 Jun 2025, 16:12 BST