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Master Vendor Recruitment (Contingent Workers)

Financial Services Compensation Scheme Limited

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Confirmed tender
services
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Key details

Contracting authority
Financial Services Compensation Scheme Limited
Public authority - sub-central government
Region
London
Delivery: United Kingdom, United Kingdom
Contract value
£25,100,000ex VAT
£25,100,000 inc VAT
Deadline
2 March 2026
Enquiry deadline
18 February 2026(questions / clarifications)
Award decision
8 September 2026(estimated)
Published
4 February 2026

Procurement

Contract period
30 October 2026 - 29 October 2028
2 years
Possible extension to 30 October 2030 · 4 years in total
Procedure type
Competitive flexible procedure
CPV classifications
  • 79600000 Recruitment services

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What happened

The contract runs until 29 Oct 2028.

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.

Contact

Address
5th Floor, The St Botolph Building, 138-139 Houndsditch, London, EC3A 7AW

Identifiers

Buyer reference
FSCS569
Notice ID
009780-2026
OCID
ocds-h6vhtk-064670
Companies House
PPON
PNMP-1789-RLBG

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External ID: fts-ocds-h6vhtk-064670 • Added 6 August 2026