Just Two Firms Tendered for this £40 Million IT Contract Opportunity

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The UK’s financial services compensation watchdog has awarded a £40 million contract to overhaul its IT infrastructure to CapGemini.

The contract was first advertised in July 2019, as reported by Computer Business Review. It attracted just two tenders.

The consultancy will be in charge of a five-year project to modernise the FSCS, including helping it “evolve the skills and capabilities of the CIO Function”, reduce total cost of ownership, and shift services to the cloud.

As a contract award notice published on an EU tenders page today reveals that the contract is split into three areas.

These include

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