Scope
Description
The FCA intends to award a contract to a single supplier for the provision of support to a new service within its AI Labs called the AI Live Testing service. The contract will be for the provision of expert advice and support throughout this service, where the supplier will support the FCA's engagement with firms to identify key AI system risks and explore potential use-case specific evaluation techniques as well as contribute to publications on AI live testing and broader external engagement and research, with the aim to progress the debate on AI system validation in UK financial markets. The FCA requires all bids for this requirement to be submitted via it's E-sourcing system, Atamis ( https://atamis-fca.my.site.com/s/Welcome ).
Total value (estimated)
- £375,000 excluding VAT
- £450,000 including VAT
Above the relevant threshold
Contract dates (estimated)
- 15 September 2025 to 12 June 2026
- Possible extension to 11 September 2026
- 11 months, 27 days
Description of possible extension:
There is a single extension option included in this tender of an additional 3 month term.
Main procurement category
Services
CPV classifications
- 48812000 - Financial information systems
- 66152000 - Financial market regulatory services
Contract locations
- UKI - London
- UKI41 - Hackney and Newham
Submission
Enquiry deadline
24 July 2025, 12:00pm
Tender submission deadline
4 August 2025, 12:00pm
Submission address and any special instructions
Tenders may be submitted electronically
Yes
Languages that may be used for submission
English
Award decision date (estimated)
15 September 2025
Award criteria
| Name | Description | Type | Weighting |
|---|---|---|---|
| Technical | Technical evaluation of the supplier's proposal. |
Quality | 70.00% |
| Commercial | Commercial proposal |
Cost | 30.00% |
Other information
Payment terms
The FCA's payment terms for this contract are monthly, in arrears.
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Open procedure
Justification for not publishing a preliminary market engagement notice
In order to meet organisational timeline requirements we have not carried out prior market engagement and will be carrying this procurement out under standard timelines for an open procedure.
Contracting authority
Financial Conduct Authority
- Public Procurement Organisation Number: PTYH-4442-XPRH
12 Endeavour Square
London
E20 1JN
United Kingdom
Email: fcaprocurement@fca.org.uk
Website: http://www.fca.org.uk
Region: UKI41 - Hackney and Newham
Organisation type: Public authority - central government