Published date: 21 November 2016

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 30 September 2016

Contract summary

Industry

  • Feasibility study, advisory service, analysis - 71241000

  • Research and development services and related consultancy services - 73000000

  • Feasibility study - 79314000

Location of contract

London

Value of contract

£0

Procurement reference

TEN/16/083

Published date

21 November 2016

Closing date

30 September 2016

Contract start date

18 October 2016

Contract end date

17 January 2017

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

The FCA is seeking a supplier to provide an up-to-date study of the costs to business of certain regulatory obligations. The Financial Services Authority (FSA) commissioned two studies of standardised costs in 2006. The first report estimated incremental costs of complying with reporting obligations to the regulator (e.g. record-keeping requirements); the second estimated the cost of complying with rules requiring the disclosure of information to third parties, primarily consumers. The study also included estimates of the cost of labour for different standardised job categories. The reports use data from 2005 and have become too out-of-date for the FCA to use. The aim of the present tender is to commission similar up-to-date analysis, with the additional inclusion of estimation of standardised one-off costs.
The supplier should aim to:
1. Produce a reasonable and up-to-date schedule of labour costs for different grades of relevant labour in financial services.
2. Using the labour costs and additional evidence, provide estimates of the cost to business of certain kinds of obligations the FCA repeatedly places on firms, both for one-off and ongoing costs.
The results of the study will be used in FCA CBAs and Enterprise Act business impact assessments and, as such, need to be based on a robust and transparent methodology. In particular, the estimates must be sufficiently soundly based to be considered acceptable by the Regulatory Policy Committee.

More information

Previous notice about this procurement

Standardised cost estimates of regulatory obligations

  • Opportunity
  • Published 9 September 2016

Links

Additional text

Suppliers Instructions How to Express Interest in this Tender: 1. Register your company on the eSourcing portal (this is only required once) - Browse to the eSourcing Portal: https://fca.bravosolution.co.uk and click the link to register - Accept the terms and conditions and click 'continue' - Enter your correct business and user details - Note the username you chose and click 'Save' when complete - You will shortly receive an email with your unique password (please keep this secure). 2. Express an Interest in the tender - Login to the portal with the username/password - Click the 'PQQs / ITTs Open To All Suppliers' link. (These are Pre-Qualification Questionnaires or Invitations to Tender open to any registered supplier) - Click on the relevant PQQ/ ITT to access the content. - Click the 'Express Interest' button at the top of the page. - This will move the PQQ /ITT into your 'My PQQs/ My ITTs' page. (This is a secure area reserved for your projects only). - You can now access any attachments by clicking 'Buyer Attachments' in the 'PQQ/ ITT Details' box. 3. Responding to the tender - Click 'My Response' under 'PQQ/ ITT Details', you can choose to 'Create Response' or to 'Decline to Respond' (please give a reason if declining) - You can now use the 'Messages' function to communicate with the buyer and seek any clarification - Note the deadline for completion, then follow the onscreen instructions to complete the PQQ/ ITT - There may be a mixture of online and offline actions for you to perform (there is detailed online help available). You must then submit your reply using the 'Submit Response' button at the top of the page. If you require any further assistance please consult the online help, or contact the eTendering help desk.

Award information

Awarded date

21 November 2016

Contract start date

11 November 2016

Contract end date

10 March 2017

Total value of contract

£60,000

This contract was awarded to 1 supplier.

Real Assurance Risk Management LTD

Address

36 St. Asaph Road
London
SE4 2EJ

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Address

25 The North Colonnade
London
E14 5HS
England

Email

yahya.hafesji@fca.org.uk