Awarded contract

Co-Sourcing Internal Audit Partner - Award Notice

Details

Supplier(s)
KPMG LLP
Value
£2,500,000
Duration
3 years
Topic
Internal audit services
Published
20 October 2026

Tender description

The Financial Ombudsman Service has awarded a demand-led call-off contract under the CCS Framework RM6310, Audit and Assurance Services Two, Lot 1, for the provision of internal audit co-sourcing services. The contract is for an initial term of 3 years, with the option to extend by up to two further periods of 1 year each (total 5 years aggregate). The contract will support delivery of the internal audit plan by providing access to specialist assurance capability where additional expertise or capacity is required.

Timeline

  1. Completed: Award date12 October 2026
  2. Completed: Award published20 October 2026
    Current notice
  3. Next: Contract expiry date11 October 2029in 3 years

About the buyer

Parliament set up Financial Ombudsman Service in 2001 to investigate complaints about financial businesses. Financial Ombudsman Service buys as a central government body. Framework agreements from the Government Commercial Agency and ESPO offer another route to market. Purchases range from building maintenance to professional consultancy. Suppliers must meet its security, data processing and equality standards.

Mini-competitions are run among suppliers on those frameworks.

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

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