United Kingdom3 days leftOpen

Insolvency Practitioner (IP) Panel

Tender Overview

LOCATION

United Kingdom, United Kingdom

VALUE

Not disclosed

DEADLINE

February 05, 2026 at 12:00

CATEGORY

Other

CPV CODE

66171000

REFERENCE

001477-2026

Project Timeline

Contact Information

View Original

Original Tender Description

In certain situations, the FCA may seek to exercise its powers to apply to the court to appoint an insolvency practitioner (IP) over an authorised firm, or to replace an incumbent IP with a new IP. We are seeking to establish a Panel of consulting and restructuring firms which can provide IPs to take on such appointments. The Panel will exist for a term of four years. Please note this is not a procurement to which the Procurement Act 2023 applies. The purpose of this exercise is to establish a panel of Insolvency Practitioner Firms which provide practitioners with the requisite skills and experience to be appointed in the event of the insolvency of an authorised firm. There will be no contracts between the FCA and panel firms, nor will firms receive any payments from FCA funds. Bidders will need to register on the FCA's eProcurement system (Atamis) to respond to the RFP (https://atamis-fca.my.site.com/s/Welcome). Bidders should refer to the Atamis Supplier User Guide (https://services.atamis.co.uk/docs/Supplier_User_Guide.pdf) for further information. If issues are experienced in accessing Atamis or any documents within Atamis you should contract their dedicated helpdesk on 029 2279 0052 or email at support@atamis.co.uk.
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MANDATORY EXCLUSION GROUNDS

  • No explicit mandatory exclusion grounds are provided in the given tender information.

ELIGIBILITY REQUIREMENTS

  • Bidders must be a consulting and restructuring firm.
  • Bidders must be capable of providing Insolvency Practitioners (IPs).
🔧

TECHNICAL CAPABILITY REQUIREMENTS

  • Bidders must provide practitioners with the requisite skills and experience to be appointed in the event of the insolvency of an authorised firm.
💰

FINANCIAL REQUIREMENTS

  • Bidders must acknowledge that no contracts will be established between the FCA and panel firms.
  • Bidders must acknowledge that firms will not receive any payments from FCA funds.
📋

SUBMISSION REQUIREMENTS

  • Bidders must register on the FCA's eProcurement system (Atamis) at https://atamis-fca.my.site.com/s/Welcome.
  • Bidders must refer to the Atamis Supplier User Guide (https://services.atamis.co.uk/docs/Supplier_User_Guide.pdf) for further information and guidance.
  • Bids must be submitted via the Atamis eProcurement system.
  • Bids must be submitted by the deadline of 2026-02-05 12:00:00.
  • Bidders must respond to the Request for Proposal (RFP).

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PDF
Official PDF Version
PDF001477-2026_official.pdf
Summary:
The Financial Conduct Authority (FCA) is seeking to establish a four-year panel of consulting and restructuring firms to provide experienced Insolvency Practitioners for court appointments over authorised firms in insolvency, with no direct contracts or payments from the FCA.

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63
Good

Tender Quality Score

This tender aims to establish a panel of insolvency practitioner firms, but its documentation is critically incomplete, lacking essential details for a fair and transparent procurement process.

Score Breakdown

Legal Compliance100/100

The tender explicitly states it is not subject to the Procurement Act 2023, which is plausible given that no contracts or payments will be made by the FCA to panel firms. However, the absence of explicit mandatory exclusion grounds in the provided information is a significant omission, even for a below-threshold or non-regulated process, as it undermines transparency and good governance principles.

No explicit mandatory exclusion grounds provided.
Clarity40/100

The overall objective of establishing an IP panel is clear. However, the specific requirements for 'requisite skills and experience' are vague, and the operational mechanism for how IPs will be appointed from the panel is not detailed, leading to ambiguity for potential bidders.

Vague technical capability requirements ('requisite skills and experience').
Lack of detail on the panel's operational mechanism and IP appointment process.
Completeness75/100

The tender is severely incomplete. The complete absence of any tender documents (e.g., Request for Proposal, terms of reference, detailed scope) is a critical flaw. Furthermore, there are no evaluation criteria specified, making it impossible for bidders to understand how their submissions will be assessed.

No tender documents (RFP, terms of reference, etc.) provided.
Missing detailed evaluation criteria.
Fairness40/100

While an 'open competition' is stated, the lack of detailed requirements, evaluation criteria, and supporting documents creates a significant risk of an unfair process. Bidders cannot adequately prepare competitive responses or understand the basis of selection, potentially leading to subjective assessments.

Lack of detailed evaluation criteria leading to potential for subjective assessment.
Vague requirements hinder fair competition.
Practicality40/100

The use of an eProcurement system (Atamis) for submission is practical. However, the complete absence of any substantive tender documents makes it highly impractical for bidders to formulate a meaningful and compliant response, effectively placing an undue burden on them to guess the full requirements.

Bidders cannot adequately prepare a comprehensive response without detailed tender documents.
Data Consistency100/100

The provided information is internally consistent. The automated check's 'No e-submission' flag appears to be an error, as the tender explicitly states submission via the Atamis eProcurement system.

Sustainability0/100

There is no mention of any environmental, social, or governance (ESG) criteria or considerations within the tender information.

No sustainability criteria or considerations mentioned.

Strengths

Clear overall purpose and objective of establishing an IP panel.
Utilizes a dedicated eProcurement system (Atamis) for submissions.
Procedure is an open competition, promoting broad participation.
Explicitly states no payments from FCA funds, managing financial expectations.

Concerns

Critical absence of any tender documents (e.g., RFP, terms of reference).
Missing explicit mandatory exclusion grounds.
Lack of detailed evaluation criteria for bidder selection.
Vague and insufficient technical capability requirements.
No information on the process for selecting IPs from the panel for specific appointments.

Recommendations

1. Immediately publish comprehensive tender documents, including a detailed Request for Proposal (RFP), terms of reference, and specific requirements.
2. Clearly define and publish all mandatory exclusion grounds and detailed evaluation criteria.
3. Provide explicit guidance on the operational mechanism of the panel and the process for IP appointments.

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B
Tender Quality Score
63/ 100 · Good

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