Awarded contract

Project Libra - AI testing support

Details

Supplier(s)
ADVAI LTD
Value
£447,620.4
Duration
1 year
Topic
IT software package
Published
28 May 2026

Tender description

The FCA requires existing testing capabilities used during a Proof of Concept to be provided as an on-demand, repeatable process in 2026. The FCA requires a "testing-as-a-service" model, where a platform connects directly to the project system being built via API. This integration requires two cadences of testing: 1. On-Demand Testing: Accessible and configurable lightweight testing to monitor stability and performance, used to guide development. 2.Full System Testing: Detailed evaluation and validation performed on a regular cycle, or on demand, to ensure comprehensive assessment of all testing dimensions.

Timeline

  1. Completed: Award date20 May 2026
  2. Completed: Award published28 May 2026
    Current notice
  3. Next: Contract expiry date19 May 2027in 6 months

About the buyer

The Financial Conduct Authority regulates the UK's financial services industry, and buys as a central government body with its own procurement function. Larger contracts fall under the Public Contract Regulations 2015 once they pass a set threshold. Both pan-government and FCA-tendered framework agreements offer alternative routes to market. An ethical procurement standard applies to purchases wherever possible.

Over the past 5 years, most of the Financial Conduct Authority's contract awards have been in IT services, business services and software and information systems.

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