Insolvency Practitioner (IP) Panel​

This tender aims to establish an Insolvency Practitioner panel, notable for not being subject to the Procurement Act 2023 and involving no direct payments from the FCA. While clear in its purpose and utilizing e-procurement, it suffers from a critical lack of disclosed evaluation criteria and classified financial value, significantly impacting transparency and fairness.

The tender explicitly states it is not subject to the Procurement Act 2023, which, if legally sound for this type of panel establishment without direct contracts, impacts the compliance framework. CPV codes are appropriate, and there are no disputes. However, the missing reveal date and classified estimated value are transparency concerns.

The description of the panel's purpose and the nature of the engagement (no direct FCA payments) is clear. AI-extracted requirements are well-articulated. However, the complete absence of specified evaluation criteria for panel selection is a significant deficiency, making it unclear how bidders will be assessed.

Basic information, deadlines, duration, and document access are provided. Requirements for eligibility and technical capability are outlined. Nevertheless, the tender is incomplete due to the undisclosed estimated value and, critically, the absence of any defined evaluation criteria for selecting panel members.

The tender supports e-procurement and provides access to documents, and requirements appear generic, not tailored. However, the classified value and the complete lack of transparent evaluation criteria severely undermine fairness, as bidders cannot understand the basis for selection or the potential commercial opportunity.

Electronic submission is supported via a dedicated platform (Atamis) with clear instructions and support. Contract start date and duration are specified. While no direct payments are made by the FCA, the classified nature of the value of being on the panel makes it challenging for potential bidders to practically assess the commercial viability and effort required.

Key dates are logical and consistent, and there are no reported disputes or suspensions. Most essential fields are populated, though minor details like 'Liable Person' and specific procedure codes are marked as N/A or missing.

The tender does not include any explicit references to green procurement, social aspects, or innovation focus. This indicates a lack of integration of sustainability considerations into the procurement process.