Official UK procurement notice
Risk Management Transformation Support
Authority: Financial Services Compensation Scheme (Public body)
What is being bought
Published requirement descriptionFSCS is seeking a Service Provider capable of supplying specialist resource to support continued delivery of the Risk Management Transformation programme.
The objectives of this engagement are to:
• Assess process and control effectiveness across selected domains
• Design and embed preventative and automated controls
• Reduce reliance on manual and detective control activities
• Support development of 1LOD risk ownership and accountability
• Develop 1LOD risk and controls registers
• Provide actionable tooling and automation recommendations
• Enable a sustainable, data-driven risk management capability
• Create a comprehensive Compliance Traceability Matrix
The engagement will be delivered through iterative call-offs, each contributing to a defined future-state operating model.
The lotProcurement structure
single lot · no lot value publishedLot #1Lot 1Awarded
Procedure terms & legal framework
From the official record- Procedure method
- Award under framework
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Call-off under a framework
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- No (one-off requirement)
- First published
- 21 Sept 2026, 18:11 BST
- Last source update
- 21 Sept 2026, 18:11 BST
- Authority reference
FSCS568- Latest notice
- Contract award notice (UK6)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0776f2
- Call-off under framework Consultancy & Skilled Persons Framework 3
Commercial outcome & contract awards
Published awards, contracts and bid statistics — not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Baringa PartnersSME25 Sept 2026 — 24 Sept 2029 · up to 24 Sept 2030Extensions: FSCS reserves the right to extend the contract once by a period of up to 12 months. | £1,800,000 inc. VAT | 21 Sept 2026 | Awarded |
Notice history
2 events · 1 release on Find a Tender · since 21 Sept 2026- Contract signature expected25 Sept 2026, 23:59 BSTscheduled
- Contract award notice published21 Sept 2026, 18:11 BSTUK6
Contracting authority & participating public bodies
Bidders & participating suppliers
1 commercial party on the notice- BARINGA PARTNERS LLPAwarded supplier
Official documents & specifications (1)
Official links; attachments are not copiedNotices published for this procedure
- Contract award notice Contract award notice on Find a Tender