AWARD OUTCOME
What happened
Financial Ombudsman Service awarded KPMG LLP a demand-led call-off for internal audit co-sourcing under CCS Framework RM6310, Audit and Assurance Services Two, Lot 1.
Published outcomeOne active award is recorded to KPMG LLP, valued at £2,500,000. The notice records an award decision dated 6 August 2026 and a contract period beginning 12 October 2026; it does not explicitly state that a contract was signed.
Market significanceThis is a £2.5m selective framework call-off for specialist internal-audit capacity supporting the buyer’s audit plan.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
KPMG LLP
99% confidenceAward ocds-b5fd17-06ba5fe3-6fae-4809-beb1-756cdd55856a-1 · Lots CCS Framework RM6310, Audit and Assurance Services Two, Lot 1 · 2500000 GBP · active
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The award names KPMG LLP as supplier and records a £2,500,000 award value. The description states this is under RM6310 Lot 1. Supplier identity is verified by exact-name match to company number OC301540.
LIFECYCLE
Award or contract stage
Notice status
99% confidenceAwarded / complete
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Process display status is "awarded" and source status is "complete"; the source is an Awarded contract notice on Contracts Finder.
Award status
99% confidenceActive
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Award ocds-b5fd17-06ba5fe3-6fae-4809-beb1-756cdd55856a-1 has status "active".
Award decision date
99% confidence6 August 2026
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The award record gives date "2026-08-06T00:00:00+01:00".
Contract signature
99% confidenceUnknown
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No explicit signature or contract-conclusion field is supplied.
Contract start
99% confidence12 October 2026
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Tender and award contract-period start date is "2026-10-12T00:00:00+01:00".
VALUES
Published values explained
Award value
99% confidence£2,500,000
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The award value and tender value are both GBP 2,500,000.
Value allocation
98% confidenceAllocated to the sole recorded award and supplier
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One award is supplied, naming one supplier, KPMG LLP, with a £2,500,000 value.
Pricing basis
99% confidenceUnknown
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No pricing schedule, rates, spend profile or value-basis field is supplied.
TIMELINE
Procurement timeline
Tender submission deadline
99% confidence16 April 2026, 12:00 BST
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Tender period end date is "2026-04-16T12:00:00+01:00".
Award decision
99% confidence6 August 2026
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Award date is "2026-08-06T00:00:00+01:00".
Contract start
99% confidence12 October 2026
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Recorded contract period starts on 12 October 2026.
Initial contract end
99% confidence11 October 2029
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Recorded contract period ends "2029-10-11T23:59:59+01:00".
Award notice publication
99% confidence20 October 2026
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Award notice datePublished and process published_at are "2026-10-20T08:55:23+01:00".
SCOPE
What was awarded
Service
99% confidenceInternal audit co-sourcing services
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The notice description specifies provision of internal audit co-sourcing services.
Business need
99% confidenceSpecialist assurance capability and capacity to support delivery of the internal audit plan
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The description says the call-off will provide access to specialist assurance capability where additional expertise or capacity is required.
Primary classification
99% confidenceCPV 79212200 — Internal audit services
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The tender classification is CPV 79212200, described as Internal audit services.
Framework route
99% confidenceCCS RM6310, Audit and Assurance Services Two, Lot 1
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The notice description explicitly identifies the framework and lot.
Delivery location
94% confidenceLondon (postcode E14 9SR recorded)
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Delivery addresses include postcode E14 9SR and London, United Kingdom.
PROCEDURE
Procedure and competition
Procurement method
99% confidenceSelective
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The tender procurementMethod is "selective".
Procurement route
99% confidenceCall-off from a framework agreement
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procurementMethodDetails is "Call-off from a framework agreement".
SME suitability flag
98% confidenceYes
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Tender suitability marks SME as true.
VCSE suitability flag
98% confidenceNo
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Tender suitability marks VCSE as false.
Number of bids or framework participants invited
99% confidenceUnknown
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Information not supplied in the published notice.
Evaluation scores and award rationale
99% confidenceUnknown
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Information not supplied in the published notice.
CONTRACT TERMS
Published contract terms
Initial term
99% confidence3 years
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The description states that the contract has an initial term of 3 years; the recorded period runs from 12 October 2026 to 11 October 2029.
Extension options
99% confidenceUp to two further periods of one year each
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The description states an option to extend by up to two further periods of 1 year each.
Maximum aggregate duration
99% confidence5 years
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The description states a total aggregate term of 5 years.
Extension exercise
99% confidenceUnknown
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The notice states options but supplies no decision to exercise either option.
Demand profile
99% confidenceDemand-led
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The description calls the arrangement a demand-led call-off contract.
COMMERCIAL VIEW
Commercial observations
Commercial structure
97% confidenceFramework call-off for flexible specialist audit support
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The procurement is a demand-led call-off under a CCS framework, intended to provide capability or capacity when required.
Value interpretation
96% confidenceThe published £2.5m is the recorded award value; no breakdown between baseline demand, optional extensions or work packages is supplied.
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The award and tender each state £2,500,000, while the description identifies demand-led services and extension options without a value breakdown.
DATA QUALITY
Gaps and source limitations
Publication safety
95% confidenceSuitable for publication with stated limitations
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The source consistently records one active award to one verified supplier, a value, framework route and initial contract dates. Analysis does not treat the record as evidence of signature.
Contract conclusion evidence
99% confidenceNot supplied
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The notice is an award notice and active award record, but contains no explicit signed-contract or conclusion evidence.
Unpublished competition and evaluation detail
99% confidenceInformation not supplied in the published notice
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No bid count, participant list, score, weighting or detailed award rationale is included.
Extension certainty
99% confidenceOptions are stated but not exercised
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The source describes two possible one-year extensions but supplies no extension decision.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- The source does not explicitly confirm that a contract was signed or otherwise legally concluded.
- Information not supplied in the published notice: bid count, invited suppliers, evaluation methodology, scoring, award rationale and pricing breakdown.
- The £2.5m published award value is not broken down by initial term, extension options, work packages or demand volumes.
- The source states extension options but does not confirm whether either option will be exercised.
- No lot-specific value allocation beyond the notice description identifying CCS RM6310 Lot 1 is supplied.
MARKET THEMES
Relevant award themes
Financial Ombudsman ServiceKPMG LLPinternal audit servicesinternal audit co-sourcingCCS RM6310Audit and Assurance Services Twoframework call-offpublic procurement
COMMON QUESTIONS
About this award
Who won the Financial Ombudsman Service internal audit co-sourcing award?
KPMG LLP is the sole supplier named in the active award record.
What is the value of the award?
The published award value is £2,500,000.
When does the recorded initial contract period run?
It runs from 12 October 2026 to 11 October 2029, with up to two one-year extension options stated in the notice.
Was the contract signed?
The supplied notice confirms an award and records a contract period, but does not explicitly confirm signature.
ProcuraAxis award analysis supplements, but does not replace, the official award notice, contract data or procurement documents. “Awarded” does not by itself prove that a contract has been signed.