The FCA and PSR are required to be economic and effective in using their resources and have a professional purchasing team in the procurement department which ensures that value for money is obtained for all expenditure.
We use the FCA’s procurement department for our purchasing processes.
Public Procurement Regulations
The FCA is a contracting authority under the Public Procurement Regulations 2006. Accordingly, all contracts for relevant services in excess of the values below are subject to the EU Procurement Directives:
- From 1 January 2015: £164,176 (for supplies and services) and £4,104,394 (for works)
Where required by the above directives, upcoming FCA contracts are advertised in the Tenders Electronic Daily (TED), which is a supplement to the Official Journal of the European Union. In some cases the FCA also issues prior information notices (PINs), which describe contracts that will be formally advertised in the near future.
In addition to the various procurement procedures under the EU Directives, the FCA may also use alternative routes to market, including framework agreements (both pan-government and FCA-tendered agreements).
FCA tenders that fall outside of the EU Procurement Directives are usually advertised within Government Opportunities (magazine) and Contrax weekly (online version of Government Opportunities), in addition to the FCA’s own eTendering portal.
All tendering is carried out via the FCA eTendering portal hosted by Bravo Solutions.
Buying goods responsibly
It is important that our suppliers understand and align with the behaviours and standards expected from anyone working in, or with the FCA, as set out in our Supplier Code of Conduct.
We also have a commitment to Ethical Procurement.
In the absence of any other agreed terms and conditions our General Terms and Conditions shall apply.
Terms and conditions
In the absence of any other agreed terms and conditions FCA general terms and conditions shall apply.
Contact the procurement department
Procurement helpline: 020 7066 5566