FCA Regulatory Experience Validation contract awarded to ERNST & YOUNG LLP

Tender information last checkedLast checked 12 Oct 2026, 18:16.

Opportunity overview

The Financial Conduct Authority (FCA) requires an independent review and validation of its Regulatory Experience (RX) model, including the eight dimensions and forty-question scorecard. The work will assess whether the dimensions reflect the lived experience of individuals carrying out regulated activities. The supplier will assess whether the eight dimensions comprehensively capture regulatory experience, identify any gaps, overlaps or areas requiring refinement, and evaluate whether the question set is clearly worded, free from bias, aligned with the strategic intent of RX, capable of generating reliable actionable data that is meaningful and non-duplicative. The supplier will conduct structured engagement with a representative sample of firms to test how the RX dimensions and questions are interpreted across different firm types and user roles. Deliverables will include a validation report, annotated question set with feedback, summary of firm engagement findings, and recommendations for refinement where required.

Awarded to

Amounts belong to published awards or contracts. Where several suppliers share one value, it is labelled as shared and is not a supplier-specific allocation.

Ernst & Young LLP

Matched by number

Published award value: £107.2k
Awarded: 17 Sept 2026
Award ID: 1
Status: active
Identifier: GB-COH OC300001
Location: London, UKI44, SE1 2AF, United Kingdom

Ernst & Young LLP

Matched by number

Contract value: £107.1k
Awarded: Not supplied
Contract signed: 11 Oct 2026
Including VAT: £125.8k
Award ID: 2
Status: active
Identifier: GB-COH OC300001
Location: london, UKI44, SE1 2AF, United Kingdom

Classification

No classification was supplied.

Lots

Lot 1Value not stated

Documents and notices

Contract details notice on Find a TenderOpen source ↗

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id: C4576
Status: complete
Procurement Method: selective
Procurement Method Details: Below threshold - award under framework
Competitive: No

Legal basis

Id: 2023/54
Scheme: UKPGA
Uri: https://www.legislation.gov.uk/ukpga/2023/54/contents ↗

Lots and requirements

Entry 1

Id: 1
Status: complete

Buyer, suppliers and contacts

Organisation 1

Name: Financial Conduct Authority
Id: GB-PPON-PTYH-4442-XPRH

Identifier

Scheme: GB-PPON
Id: PTYH-4442-XPRH

Address

Street Address: 12 Endeavour Square
Locality: London
Postal Code: E20 1JN
Country: GB
Country Name: United Kingdom
Region: UKI41

Contact

Email: fcaprocurement@fca.org.uk

Roles

buyer

Details

Url: http://www.fca.org.uk ↗

Classifications

Entry 1

Scheme: UK_CA_TYPE
Id: publicAuthoritySubCentralGovernment
Description: Public authority - sub-central government

Organisation 2

Name: Ernst & Young LLP
Id: GB-COH-OC300001

Identifier

Scheme: GB-COH
Id: OC300001

Address

Street Address: 1 More London Place
Locality: london
Postal Code: SE1 2AF
Country: GB
Country Name: United Kingdom
Region: UKI44

Contact

Email: eytenders@uk.ey.com

Roles

supplier

Details

Scale: large
Vcse: No

Award information

Award 1

Id: 2
Status: active
Main Procurement Category: services

Items

Item 1

Id: 1
Related Lot: 1

Additional Classifications

Entry 1

Scheme: CPV
Id: 79410000
Description: Business and management consultancy services

Suppliers

Supplier 1

Id: GB-COH-OC300001
Name: Ernst & Young LLP

Related lots

Contracts and changes

Entry 1

Id: 2
Award ID: 2
Title: Regulatory Experience: Validation of Dimensions and Scorecard
Status: active
Above Threshold: No
Date Signed: 12 Oct 2026, 00:00

Period

Starts: 12 Oct 2026, 00:00
Ends: 5 Oct 2027, 23:59

Value

Including VAT: 125,756.4
Amount: 107,122
Currency: GBP

Documents

Entry 1

Id: 096281-2026
Document Type: contractNotice
Notice Type: UK7
Description: Contract details notice on Find a Tender
Url: https://www.find-tender.service.gov.uk/Notice/096281-2026 ↗
Published: 12 Oct 2026, 16:48
Format: text/html

Related procurements

Entry 1

Id: framework
Scheme: ocid
Identifier: ocds-h6vhtk-0523e0
Uri: https://www.find-tender.service.gov.uk/api/1.0/ocdsReleasePackages/ocds-h6vhtk-0523e0 ↗

Relationship

framework

Related lots

Lot O

Recorded locations

Buyer location · London · UKI41 · E20 1JN · United Kingdom

Notice and amendment history

2 published notice versions reviewed by ProcuraAxis.

2 VERSIONS

090473-2026Contract award notice on Find a Tender · 24 Sept 2026, 10:59
096281-2026Contract details notice on Find a Tender · 12 Oct 2026, 16:48

PROCURAAXIS AWARD ANALYSIS

Award outcome intelligence

Evidence-bound analysis of the published award appears below the official tender and award information.

ANALYSIS PREVIEW

Award intelligence at a glance

The Financial Conduct Authority awarded a framework call-off for independent validation of its Regulatory Experience model to ERNST & YOUNG LLP. The published contract record states that it was signed on 12 October 2026 and runs to 5 October 2027.

Published outcome signals

Procurement statusCompleteEvidence: The tender status is recorded as "complete"; lot 1 is also "complete".
Award statusActiveEvidence: Award ID 2 is marked "active" and names the supplier.
Contract statusActiveEvidence: Contract ID 2 is marked "active".

93% approved-analysis confidence2 supplier records analysed3 source limitations

SOURCE AND FRESHNESS

Traceable procurement data

Source: Find a Tender
Notice reference: 096281-2026
OCID: ocds-h6vhtk-077950
First published: 24 Sept 2026
Last checked: 12 Oct 2026, 18:16
Notice versions reviewed: 2

View Find a Tender notice ↗

HOW THIS WAS PREPARED

Approved, evidence-bound analysis

ProcuraAxis structures information found in published procurement records, checks the result for consistency and publishes only approved analysis. Confidence describes the completeness and consistency of the available source information; it is not a guarantee of eligibility or contract award.

Analysis status: Approved for publication
Analysed: 12 Oct 2026

Read the analysis methodology →

AWARD OUTCOME

What happened

Published outcome

ERNST & YOUNG LLP is named as supplier for lot 1. The contract record is active and gives a net value of £107,122 and gross value of £125,756.40.

Market significance

This is a below-threshold framework award for specialist research and business-management consultancy supporting FCA regulatory-experience measurement.

AWARDED SUPPLIERS AND LOTS

2 supplier records analysed

ERNST & YOUNG LLP

83% confidence

Award 1 · Lots 1 · £107,162 recorded on award ID 1; allocation is affected by conflicting contract-record value GBP · active

View supporting evidence

Award ID 1 names ERNST & YOUNG LLP in the supplied supplier data and is active. Its recorded value is £107,162.

ERNST & YOUNG LLP

96% confidence

Award 2 · Lots 1 · £107,122 net; £125,756.40 gross GBP · active

View supporting evidence

Award ID 2 names Ernst & Young LLP for lot 1. Linked contract ID 2 gives amount £107,122 and amountGross £125,756.40.

LIFECYCLE

Award or contract stage

Procurement status

98% confidence

Complete

View supporting evidence

The tender status is recorded as "complete"; lot 1 is also "complete".

Award status

95% confidence

Active

View supporting evidence

Award ID 2 is marked "active" and names the supplier.

Contract status

98% confidence

Active

View supporting evidence

Contract ID 2 is marked "active".

Contract signing

99% confidence

Signed 12 October 2026

View supporting evidence

Contract ID 2 states dateSigned: 2026-10-12.

Contract start

99% confidence

12 October 2026

View supporting evidence

Contract ID 2 period startDate is 2026-10-12.

VALUES

Published values explained

Contract net value

99% confidence

£107,122

View supporting evidence

Contract ID 2 value.amount is 107122 GBP.

Contract gross value

99% confidence

£125,756.40

View supporting evidence

Contract ID 2 value.amountGross is 125756.4 GBP.

Award-record value

99% confidence

£107,162

View supporting evidence

Separate award ID 1 is recorded with value_amount 107162 GBP.

Value reconciliation

99% confidence

Conflicting published net figures; no single reconciled award value determined

View supporting evidence

Award ID 1 shows £107,162, while linked contract ID 2 shows £107,122 net.

TIMELINE

Procurement timeline

Award decision date

92% confidence

18 September 2026

View supporting evidence

Award ID 1 has award_date 2026-09-18.

Award notice publication

99% confidence

24 September 2026

View supporting evidence

Release 090473-2026 is a Contract award notice published on 2026-09-24.

Contract signed

99% confidence

12 October 2026

View supporting evidence

Contract ID 2 dateSigned is 2026-10-12.

Contract details notice publication

99% confidence

12 October 2026

View supporting evidence

Release 096281-2026 and its contract document were published on 2026-10-12.

Contract end

99% confidence

5 October 2027

View supporting evidence

Contract ID 2 period endDate is 2027-10-05T23:59:59+01:00.

SCOPE

What was awarded

Requirement

99% confidence

Independent review and validation of the FCA Regulatory Experience model, its eight dimensions and 40-question scorecard.

View supporting evidence

The opportunity description specifies validation of the model, eight dimensions and forty-question scorecard.

Research activity

98% confidence

Structured engagement with a representative sample of firms across firm types and user roles.

View supporting evidence

The description requires structured engagement to test interpretation of dimensions and questions.

Deliverables

99% confidence

Validation report, annotated question set, firm-engagement findings summary, and refinement recommendations.

View supporting evidence

These deliverables are explicitly listed in the opportunity description.

Service classification

99% confidence

Business and management consultancy services (CPV 79410000).

View supporting evidence

The award item lists CPV 79410000.

PROCEDURE

Procedure and competition

Procedure

99% confidence

Selective

View supporting evidence

Tender procurementMethod is "selective".

Award route

99% confidence

Below-threshold award under a framework

View supporting evidence

Tender procurementMethodDetails states "Below threshold - award under framework".

Framework reference

97% confidence

Related framework process OCDS ID ocds-h6vhtk-0523e0, lot O

View supporting evidence

The relatedProcesses entry identifies the framework and related lot O.

Competition information

96% confidence

The record marks competitive as false; bidder count and evaluation details are not supplied.

View supporting evidence

Tender competitive is false, with no bidder-count or scoring data in the supplied notice.

CONTRACT TERMS

Published contract terms

Term

99% confidence

12 October 2026 to 5 October 2027

View supporting evidence

Contract ID 2 period runs from 2026-10-12 to 2027-10-05.

Duration

98% confidence

358 days (approximately 12 months)

View supporting evidence

Calculated from the explicit contract start and end dates.

Extensions or options

99% confidence

Unknown

View supporting evidence

Information not supplied in the published notice.

Lot

98% confidence

Lot 1; no lot title or separate description published.

View supporting evidence

The award and contract relate to lot 1; supplied lot metadata has no title or description.

COMMERCIAL VIEW

Commercial observations

Addressable capability

97% confidence

The scope calls for independent validation, questionnaire design review, bias and clarity assessment, firm research, and actionable reporting.

View supporting evidence

These activities are set out in the procurement description.

Route-to-market signal

99% confidence

The FCA used an existing framework for this below-threshold requirement.

View supporting evidence

The procurement method details state an award under framework, with a related framework process identified.

Pricing interpretation

98% confidence

Published figures support a contract net value and gross value, but an earlier award record contains a different figure.

View supporting evidence

Contract ID 2 lists £107,122 net and £125,756.40 gross; award ID 1 lists £107,162.

ANALYSIS QUALITY

93%overall confidence

Confidence reflects the completeness and consistency of the published award data.

Reference: ocds-h6vhtk-077950
Analysed: 12 Oct 2026

APPROVED AWARD ANALYSIS

BUYER CONTEXT

Buyer context

Buyer

99% confidence

Financial Conduct Authority

View supporting evidence

The buyer party is named Financial Conduct Authority.

Buyer type

99% confidence

Public authority — sub-central government

View supporting evidence

Buyer classification is publicAuthoritySubCentralGovernment.

Buyer location

99% confidence

London, United Kingdom

View supporting evidence

Buyer address is 12 Endeavour Square, London, E20 1JN.

SUPPLIER CONTEXT

Supplier context

Legal supplier identity

99% confidence

ERNST & YOUNG LLP (Companies House number OC300001)

View supporting evidence

Supplier verification identifies verified company name ERNST & YOUNG LLP and verified company number OC300001 via company-number matching.

Supplier scale

98% confidence

Large; not VCSE

View supporting evidence

Supplier party details state scale "large" and vcse false.

Source trading/display name

99% confidence

Ernst & Young LLP

View supporting evidence

The source party and supplier records use "Ernst & Young LLP"; the verified legal name is capitalised as ERNST & YOUNG LLP.

RENEWAL OUTLOOK

Renewal outlook

Estimated re-procurement timing

72% confidence

Around October 2027, if the stated end date is not changed or extended

View supporting evidence

This is an estimate calculated from the explicit contract end date of 5 October 2027; no renewal or extension provision is published.

DATA QUALITY

Gaps and source limitations

Conflicting award/value records

99% confidence

Two active award records exist for lot 1. Award ID 1 is dated 18 September 2026 and valued at £107,162, whereas award ID 2 is linked to the signed contract with net value £107,122.

View supporting evidence

Supplied awards data and contract ID 2 contain these differing IDs, dates and values.

Supplier identity quality

99% confidence

Verified

View supporting evidence

Supplier identity was matched by Companies House number OC300001, with verified company name ERNST & YOUNG LLP.

Unpublished procurement detail

99% confidence

Information not supplied in the published notice: bidder count, evaluation scores, award rationale, lot title, detailed pricing, and extension terms.

View supporting evidence

No such fields or documents are included in the supplied record.

SOURCE DATA LIMITATIONS

Information not supplied in the published notice

The supplied data contains two active award records for the same lot with different award IDs and conflicting values (£107,162 and £107,122 net); the analysis does not select an unsupported reconciled figure.
The relationship between award ID 1 and contract-linked award ID 2 is not explained in the published data.
Information not supplied in the published notice includes bid count, evaluation method or scores, reasons for selection, detailed pricing, lot title, and extension or renewal terms.

MARKET THEMES

Relevant award themes

COMMON QUESTIONS

About this award

Who won the FCA Regulatory Experience validation contract?

The published award and contract records name ERNST & YOUNG LLP as supplier for lot 1.

What is the contract value?

The contract record states £107,122 net and £125,756.40 gross. A separate earlier award record shows £107,162, so the figures are not fully reconciled in the published data.

When does the contract run?

The published contract period is 12 October 2026 to 5 October 2027.

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.

Regulatory Experience: Validation of Dimensions and Scorecard

Opportunity overview

Awarded to

Ernst & Young LLP

Ernst & Young LLP

Classification

Lots

Documents and notices

Published notice details

Scope, procedure and submissions

Legal basis

Lots and requirements

Buyer, suppliers and contacts

Identifier

Address

Contact

Roles

Details

Classifications

Identifier

Address

Contact

Roles

Details

Award information

Items

Additional Classifications

Suppliers

Related lots

Contracts and changes

Period

Value

Documents

Related procurements

Relationship

Related lots

Recorded locations

Notice and amendment history

Award intelligence at a glance

Published outcome signals

Traceable procurement data

Approved, evidence-bound analysis

Continue your research