Contract award · 2 Apr 2026

SREP (Supervisory Review and Evaluation Process) AI POC

FCA awarded “SREP (Supervisory Review and Evaluation Process) AI POC” to Capitol AI, INC for £36,000 on 2 Apr 2026. Awarded without open competition.

No competitionIT servicesLondon

BuyerFCA
Value £36,000
WinnerCapitol AI, INC

Awarded without open competition

Awarded without open competition. The buyer went directly to one or a few suppliers instead of advertising the contract. Procurement rules allow this only in specific cases, such as extreme urgency, when only one supplier can do the work, or for call-offs from an existing framework.

What “without competition” means

Key facts

Buyer
FCA · Body governed by public law
Value
£36,000
Procedure
Single tender action (below threshold)
Sector
IT services · IT services: consulting, software development, Internet and support (CPV 72000000)
Region
London
Timeline
  1. Contract date2 Apr 2026
  2. Published28 May 2026Published 56 days after the contract date

Description

Services to run a proof of concept for integrating Generative AI into the SREP process.

About the supplier

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