Closed tender

Master Vendor Recruitment (Contingent Workers)

Details

Value
£25,100,000
Topic
Recruitment services
Published
4 February 2026
Submission
2 March 2026

Tender description

FSCS currently have a Master Vendor in place to support all our permanent, fixed-term and contingent worker recruitment except for Executive and Non-Executive Director (NED) recruitment which is managed separately. This recruitment model has worked well for FSCS for over 10 years however, in light of changing business priorities and resourcing requirements we have identified the need to change our recruitment model. As a result, we will now transition to a hybrid recruitment model that will see us bringing the management of permanent and fixed term hiring in-house and contracting with a Master Vendor for our contingent workforce hiring and management only. Contingent workers will include: • Independent contractors • Freelancers • Consultants • Temporary agency workers • Workers engaged via umbrella companies FSCS is now looking to appoint Master Vendor (Contingent Workers) to provide a full 360-degree service of contingent worker hiring and management to include: sourcing and attraction, screening & selection, offer and contract management, compliance (vetting, AWR, IR35, employment and equality legislation), onboarding, payroll, performance monitoring and management, offboarding and re-engagement, analytics, and reporting. The contract will be for an initial term of two (2) years with the option to extend for up to a further two (2) years in two twelve-month extensions at FSCS's sole discretion.

Timeline

  1. Completed: Tender published4 February 2026
    Current notice
  2. Completed: Submission date2 March 2026

About the buyer

Financial Services Compensation Scheme (FSCS), a UK central body established under the Financial Services and Markets Act 2000, runs its own procurement function. FSCS began compensating customers of failed firms in 2001. Protection extends across banking, investment, pension, insurance and mortgage advice for firms authorised to trade in the UK. FSCS is independent of government and the financial services firms whose levies fund it.

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

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