This paper performs a critical examination of the Ofsted Education Inspection Framework (EIF), which was accompanied by an Inspection Handbook for Further Education and Skills, and argues that this policy document reinforces the neoliberal project in education. Drawing on concepts from Michel Foucault's analysis of the nature and effects of marketisation and surveillance in education, this analysis reveals how these mechanics influence the ultimate meaning of teaching and learning in Further Education (FE). I use Foucault's analytical tools, archaeology and genealogy to critique the Framework as a neoliberal form of disciplinary power, particularly the methods used to scrutinise pedagogical operations in FE colleges, and the particular types of knowledge considered beneficial vis-à-vis meeting the regulatory demands of the agency, as well as providing a means for understanding the discourses of standardisation and accountability. The Ofsted inspection paradigm, I argue, could be viewed as a specific technology of power pertaining to an economic rationality that seeks disciplined institutions that produce disciplined and responsible consumers for a cost-transaction society. My thesis is that the new EIF intensifies the significance of business-like standardisation that fails to adopt a relational perspective in terms of valuing education for the sake of cultivating intellectual participation.