Expired contract

Motor Finance Consumer Redress Scheme - Independent Model Validation

Details

Value
£58,117.5
Duration
2 months
Topic
Economic impact assessment
Published
30 January 2026

Tender description

This requirement is for an independent model validation to be used to support the Motor Finance redress scheme and provide an objective opinion on the suitability of the model for the outlined use(s).

Timeline

  1. Completed: Award date12 January 2026
  2. Completed: Award published30 January 2026
    Current notice
  3. Completed: Contract expiry date27 March 2026

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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Decision makers

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