Find a TenderAwardedContract award notice
Published 5 Aug 2026, 23:14 BST

Official UK procurement notice

FSCS580 Risk Management System

Official notice

Authority: Financial Services Compensation Scheme (Public body)·Consortium: 2 public authorities

ServicesCompetitive flexible procedureAbove thresholdSME suitable
Published estimate£420,000≈ £140k / year · £420,000 inc. VAT
Submissions closed 1 Sept 2026awarded 5 Oct 2026
Award (standstill) to RSM UK TAX AND ADVISORY SERVICES LLP
Contract term 3 yrsends 15 Oct 2029 · up to 15 Oct 2031 with extensions · starts 16 Oct 2026

What is being bought

Published requirement description

Provision of licensing, support and maintenance of a Risk Management System.

  • How the procedure runs: This tender notice is for the award of a public contract through a competitive flexible procedure in accordance with section 20(1) and (2)(b) of the Procurement Act 2023. The technical specification which is expected to be met for this procurement can be found in the Functional and Non-Functional Requirements documents which are available via the Portal. FSCS are conducting a 2 Stage procurement process where suppliers are first invited to submit Tenders (Stage 1). Tenders will be first assessed against specific financial, legal, and technical benchmarks eligibility criteria (Conditions of Participation). Bidders must meet the Conditions of Participation in order for their Tender submission to be considered for full Tender evaluation. FSCS intends to shortlist 3 suppliers (unless in the event of a tie, with the process explained in the ITT Document) with the highest scoring Tender responses at ITT Stage 1 to the System Demonstration/Presantation stage (ITT Stage 2) of the competitive flexible procedure. Upon completion of the System Demonstration/Presentation stage, the supplier with the Most Advantageous Tender (MAT) will be awarded the contract. At the ITT stage (Stage 1), FSCS will assess Tenders for compliance and to determine whether they meet the Conditions of Participation set by FSCS. Further information and breakdown of the ITT stages evaluation is available via the portal (see Annex A: Scoring Methodology). FSCS will use an online portal at www.delta-esourcing.com ("the Portal") to make associated tender documents available to suppliers. Suppliers are required to submit their completed Tenders through the Portal by the deadline set out in this tender notice. The following associated tender documents are being provided with the publication of this tender notice to provide further information about the procurement and are available on the Portal: 1. Main ITT Document - FSCS580 Competitive Flexible Procedure (PA01) Risk Management System (See Part B - Response Document) 2. All Forms and Appendices 3. Suppliers must sign all Certificates

CPV: Information technology services

The lotProcurement structure

single lot · value published
Lot #1AwardedRenewal 3 yrsSMEPublished value£420,000
Contract period: 16 Oct 2026 – 15 Oct 2029 (3 yrs) · up to 15 Oct 2031 with extensionsValue: £420,000 exc. VAT · £420,000 inc. VAT
Delivery: LondonEligibility: SME eligible
Extensions: FSCS may extend the contract twice by 12 months on each occassion (Maximum term 5 years).
Pre-qualification & selection criteria (PQQ)2
  • Economic & financial standing

    Legal and financial conditions of participation are set out in the ITT document which can be obtained via the Portal on registration to express interest.

  • Technical & professional ability

    The conditions of participation are set out in the ITT which can be obtained via the Portal on registration to express interest.

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: 70%Price: 30%
Published sub-criteria (2)
  • Technical Quality: 70%
  • Price: 30%
Published award criteria (2)
  • Technical Quality
  • Price
Conditions of participation2
  • Economic & financial standing

    Legal and financial conditions of participation are set out in the ITT document which can be obtained via the Portal on registration to express interest.

  • Technical & professional ability

    The conditions of participation are set out in the ITT which can be obtained via the Portal on registration to express interest.

What this means for your bid
  • 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
Competitive flexible 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
Yes (GPA)
Recurring procurement
Unspecified in notice
First published
5 Aug 2026, 23:14 BST
Last source update
5 Oct 2026, 23:47 BST
Award evaluation window
Submission end – 2 Oct 2026
Authority reference
FSCS580
FTS notice number
2026/S 000-074428
Latest notice
Contract award notice (UK6)
Classification (CPV)
Information technology services
Delivery area
London (UKI)
Official registry OCID
ocds-h6vhtk-06dcfd Find a Tender
Contract terms summary

Invoices must be submitted to [email protected] and must quote a valid Purchase Order Number

How it runs

This tender notice is for the award of a public contract through a competitive flexible procedure in accordance with section 20(1) and (2)(b) of the Procurement Act 2023.

The technical specification which is expected to be met for this procurement can be found in the Functional and Non-Functional Requirements documents which are available via the Portal.

FSCS are conducting a 2 Stage procurement process where suppliers are first invited to submit Tenders (Stage 1). Tenders will be first assessed against specific financial, legal, and technical benchmarks eligibility criteria (Conditions of Participation). Bidders must meet the Conditions of Participation in order for their Tender submission to be considered for full Tender evaluation.

FSCS intends to shortlist 3 suppliers (unless in the event of a tie, with the process explained in the ITT Document) with the highest scoring Tender responses at ITT Stage 1 to the System Demonstration/Presantation stage (ITT Stage 2) of the competitive flexible procedure. Upon completion of the System Demonstration/Presentation stage, the supplier with the Most Advantageous Tender (MAT) will be awarded the contract.

At the ITT stage (Stage 1), FSCS will assess Tenders for compliance and to determine whether they meet the Conditions of Participation set by FSCS.

Further information and breakdown of the ITT stages evaluation is available via the portal (see Annex A: Scoring Methodology).

FSCS will use an online portal at www.delta-esourcing.com ↗ ("the Portal") to make associated tender documents available to suppliers.

Suppliers are required to submit their completed Tenders through the Portal by the deadline set out in this tender notice.

The following associated tender documents are being provided with the publication of this tender notice to provide further information about the procurement and are available on the Portal:

  1. Main ITT Document - FSCS580 Competitive Flexible Procedure (PA01) Risk Management System (See Part B - Response Document)
  2. All Forms and Appendices
  3. Suppliers must sign all Certificates

How it was run

Official notice
Run through: Delta eSourcing · Who buys & how to bid on Delta
Public notice page · account needed to bidElectronic submission allowedLanguage: EN
Access & registration note: Free Select account; no DUNS asked at signup
Submission deadline
1 Sept 2026, 12:00 BST
Clarification deadline
1 Sept 2026, 12:00 BST
Submission channel
Official e-sourcing portal
Electronic submission
Allowed
Accepted languages
en
Detailed submission instructions & authority contactsFrom official release

Timeline

5 Aug 2026 → 16 Oct 2026 · 8 dates
  1. Tender notice published77 days ago
    5 Aug 2026, 23:14 BST
  2. Clarification questions by50 days ago
    1 Sept 2026, 12:00 BST
  3. Submission deadline50 days ago
    1 Sept 2026, 12:00 BST
  4. Award decision expected by19 days ago
    2 Oct 2026, 23:59 BST
  5. Assessment summaries sent17 days ago
    5 Oct 2026, 00:00 BST
  6. Latest notice published16 days ago
    5 Oct 2026, 23:47 BST
  7. Standstill ends7 days ago
    14 Oct 2026, 23:59 BST
  8. Contract starts6 days ago
    16 Oct 2026, 00:00 BST

Notice history

5 events · 2 releases on Find a Tender · since 5 Aug 2026
  1. Tender notice published
    5 Aug 2026, 23:14 BST
    UK4
  2. Contract award notice published
    5 Oct 2026, 23:47 BST
    UK6
  3. Status changed to complete
    5 Oct 2026, 23:47 BST
  4. Buyer details updated
    5 Oct 2026, 23:47 BST
  5. Contract signature expected
    15 Oct 2026, 23:59 BST
    scheduled

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value (inc. VAT) £420,0001 award inc. VAT; no net value published
Bids received 43 from SMEs
Awarded toValueDateStatus
RSM UK TAX AND ADVISORY SERVICES LLP16 Oct 2026 – 15 Oct 2029 · up to 15 Oct 2031Extensions: FSCS may extend the contract twice by 12 months on each occassion (Maximum term 5 years).£420,000 inc. VAT5 Oct 2026standstill to 14 Oct 2026Standstill

Bid statistics published by the authority

BidsSMEVCSEValid bid range
4final-stage tenders · 7 at stage one30—

Contracting authority & participating public bodies

2 public bodies on the notice

FINANCIAL SERVICES COMPENSATION SCHEME LIMITED

Contracting authorityPublic authority - sub-central government GB-COH: 03943048 · GB-PPON: PNMP-1789-RLBG 5th Floor, The St Botolph Building, 138-139 Houndsditch, London, London, EC3A 7AWContact email

Consortium members and other public bodies

Bidders & participating suppliers

1 commercial party on the notice
  • RSM UK TAX AND CONSULTING LLPAwarded supplierGB-COH: OC325348GB-PPON: PHLR-9855-THZV 6th Floor 25 Farringdon Street, London, London, EC4A 4ABContact email

Official documents & specifications (2)

Official links; attachments are not copied

Notices published for this procedure

  • Contract award notice awardContract award noticeUK6Contract award notice on Find a Tender
  • Tender notice tenderTender noticeUK4Tender notice on Find a Tender