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Contracts Finder (UK Cabinet Office) verified 2 months ago Contract award

Provision of Temporary Workers

Awarded United Kingdom Business services

Buyer Financial Ombudsman Service

€173.5M awarded value · €173,524,359

Key facts

Awarded
decided 468 days after the deadline
Estimated value
€260.3M
€260,286,539 · converted from GBP
Procedure
Restricted procedure Two steps: companies first ask to take part, and only those selected are invited to bid. Full entry
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Awarded to

Reed Talent Solutions

Awarded value
€173,524,359 33% under the estimate of €260,286,539
Record with this buyer
1 first contract from this buyer in the register

Description

The Financial Ombudsman Service has awarded a demand-led call-off contract under the Yorkshire Purchasing Organisation Managing Recruitment and Resourcing Framework 1140, Lot 6 - General, for the provision of temporary workers. The contract is for a duration of four years and will support the sourcing, supply and management of temporary workers as and when required to meet the organisation's changing resourcing needs. Services may include recruitment, placement, management information, compliance and contract management support, with volumes dependent on operational demand. Additional information: Description of the Procurement Core temporary worker services: The awarded contract provides access to a flexible contingent workforce to support the Financial Ombudsman Service's ability to respond to fluctuating case volumes, operational pressures and changing service requirements. The core services cover the provision of temporary workers across investigative, operational and related support functions, with the supplier responsible for delivering an end-to-end managed recruitment service. This includes candidate attraction, assessment, onboarding support, worker management, performance and service reporting, compliance assurance and ongoing supplier relationship management. Optional HR-related services: The contract also allows the Financial Ombudsman Service, at its discretion and subject to agreement, to access optional HR-related services within the scope of the framework and call-off arrangements. These may include assessment centres, applicant tracking or talent pool technology, screening and vetting, payroll management, permanent recruitment, statement of works services, equality, diversity and inclusion analysis, and related resourcing or workforce support services. Usage and contract flexibility: The arrangement is intended to maintain continuity of service, support operational resilience and provide value for money over the contract term. Actual usage, including any optional services, will depend on business need and may vary during the life of the contract.

Timing

  1. Deadline
  2. Awarded decided in 468 days
  3. Published

Official source

Source: Contracts Finder (UK Cabinet Office)

Always verify details on the official notice.

Last verified against Contracts Finder (UK Cabinet Office) 2 months ago

Documents on Contracts Finder (UK Cabinet Office) (English)

Market

Business services in United Kingdom

median award in this market
€58,017
More figures

What this market pays

The buyer has too few awards of its own in this sector, so this is the range of the last 2,000 awards for Business services in United Kingdom.

This award
€173.5M
Estimated value
€260.3M
Median award
€58,017
Middle half of past awards
€8,144 to €180,892

The award is larger than three in four past awards.

Award values as published by the official sources. Use them as a guide, not a rule: scope, lots and duration differ between contracts.

Market context

open now in Business services
4,222
median open notice
€225,000

Who wins in this market

Many suppliers

United Kingdom · Business services

different companies won awards here
978
of the awards went to the three most frequent winners
7%
buyers awarded contracts here
466

Based on 2,293 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners.

The buyer in figures

Financial Ombudsman Service

notices in the register
6
awards
6
awarded in total
€177.1M

Financial Ombudsman Service

United Kingdom

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