Cultural Development Initiative Contract Modification, £280,858
Summary
The Financial Services Compensation Scheme Limited (FSCS) issued a contract change notice for the Cultural Development Initiative under the Procurement Act 2023. The contract with Coode Associates Ltd increased from £187,400 to £280,858, representing a 49.87% increase. The modification was justified under unforeseeable circumstances and additional goods, services or works, as a new workstream aligned with FSCS's 5-year strategy was identified following completion of the initial programme with the Executive Team.
What changed
The contract modification increases the value of the Cultural Development Initiative by £93,458 (49.87%) to £280,858. The increase is justified by unforeseeable circumstances as a new workstream with the Senior Leadership Community was identified after the initial Executive Team programme concluded. FSCS retained the supplier to maintain consistency and a joined-up approach, as changing suppliers would incur additional costs.
Suppliers and contracting authorities should note this as a standard procurement modification under the Procurement Act 2023. The standstill period runs until 27 April 2026, with the modification effective 28 April 2026. Public sector bodies undertaking similar cultural or organisational development programmes should ensure appropriate contract modification procedures are followed when requirements evolve during delivery.
Archived snapshot
Apr 16, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Contract
Cultural Development Initiative
- FINANCIAL SERVICES COMPENSATION SCHEME LIMITED UK10: Contract change notice - Procurement Act 2023 - view information about notice types
Notice identifier: 2026/S 000-034900
Procurement identifier (OCID): ocds-h6vhtk-068344 (view related notices)
Published 16 April 2026, 5:02pm
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Contents
Contract 1. Cultural Development Initiative Other information Supplier Contracting authority
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Contract 1. Cultural Development Initiative
Supplier
Contract value
Before modification:
£187,400 including VAT
After modification:£280,858 including VAT
49.87% increase
Above the relevant threshold
Standstill period
- End: 27 April 2026
- 8 working days
Contract modification date (estimated)
28 April 2026
Effective date of the modification
28 April 2026
Justifications for contract modification
- Unforeseeable circumstances
- Additional goods, services or works
Reason that these justifications apply
The supplier were initially engaged to deliver a piece of work on the development of the FSCS Culture with the Exec Team. Following completion of the initial programme with Exec, a new workstream was identified which is necessary and in line with the new FSCS 5-year strategy.
In order to maintain consistency and a joined-up approach, FSCS have decided to retain the Supplier to work with its Senior Leadership Community on the new workstream. This was not foreseen at the outset and it does not change the overall nature of the contract. There would be additional costs if FSCS decide to change supplier for the additional work.
Other information
Conflicts assessment prepared/revised
Yes
Supplier
COODE ASSOCIATES LTD
- Companies House: 07050625
- Public Procurement Organisation Number: PWJG-6227-MCLR 12-13 King Street
Richmond
TW9 1ND
United Kingdom
Email: dan.strode@coodeassociates.com
Website: http://www.coode.com
Region: UKI75 - Hounslow and Richmond upon Thames
Small or medium-sized enterprise (SME): Yes
Voluntary, community or social enterprise (VCSE): No
Contract 1. Cultural Development Initiative
Contracting authority
FINANCIAL SERVICES COMPENSATION SCHEME LIMITED
- Companies House: 03943048
- Public Procurement Organisation Number: PNMP-1789-RLBG 5th Floor, The St Botolph Building, 138-139 Houndsditch
London
EC3A 7AW
United Kingdom
Email: Procurement@fscs.org.uk
Region: UKI31 - Camden and City of London
Organisation type: Public authority - sub-central government
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