Signal · Supply Chain & Logistics

Contract award: Financial Ombudsman Service - Co-Sourcing Internal Audit Partner - Award Notice (GBP 2,500,000)

UK Contracts Finder OCDS Search Authoritative source Published 20th October 2026 United Kingdom

Open original report contractsfinder.service.gov.uk

What the source reported

Source-reported

Contract award notice published on UK Contracts Finder by Financial Ombudsman Service. Procurement: Co-Sourcing Internal Audit Partner - Award Notice. Description: The Financial Ombudsman Service has awarded a demand-led call-off contract under the CCS Framework RM6310, Audit and Assurance Services Two, Lot 1, for the provision of internal audit co-sourcing services. The contract is for an initial term of 3 years, with the option to extend by up to two further periods of 1 year each (total 5 years aggregate). The contract will support delivery of the interna Category: services. Value: GBP 2,500,000 (stated award/contract value). Supplier(s): KPMG LLP.

Publication: UK Contracts Finder OCDS Search · Government/Regulator
Published: 20th October 2026
Original report: contractsfinder.service.gov.uk

ProcIntel stores what the source published in its feed — a headline, a summary and a link. It does not store or reproduce the full article.

What ProcIntel recorded

ProcIntel-derived

Category: Supply Chain & Logistics
Geography: United Kingdom
Organisations: None identified
Collected: 20th October 2026 · 08:50

Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.

A provisional, automatically computed reading of this individual Signal, before Event extraction or human review. Not a final rating.

Significance 2 · Moderate

Confidence 2 · Low

Initial Significance Moderate (21.0/100). Strongest contributor: Procurement Impact (12.0/30 points). Limiting factor: Impact-Scale Specificity (0.0/10 points). Initial Confidence Low (39/100, data sufficiency: Insufficient). Strongest contributor: Source Authority (40.0/40 points). Limiting factor: Specificity (0.0/20 points). Capped at 39 (Low) -- insufficient structured evidence to support a higher Confidence reading, regardless of source authority.

Strongest contributor: Procurement Impact
Limiting factor: Impact-Scale Specificity

Possibly the same underlying story as Contract award: Cambridgeshire & Peterborough Foundation Trust - Internal Mail & Courier Service (GBP 13,000,000) — flagged automatically, never merged automatically.

What the source reported

What ProcIntel recorded

Initial assessment ⓘMore about Initial Signal AssessmentProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.

Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.