Award

Research Project: Qualitative research with audit committee chairs on audit quality

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 2 releases in its history.

Award

06 May 2020 at 15:13

Award Notice
Tender

16 Dec 2019 at 13:46

Tender Notice
Summary of the contracting process

The Financial Reporting Council Limited is conducting a procurement process titled "Research Project: Qualitative research with audit committee chairs on audit quality". This project falls under the research and development services category, with a value of £50,000. The procurement method is an open procedure, classified as below threshold. The tender was published on 16 December 2019, with a tender period that closed on 13 January 2020. The contract is scheduled to commence on 20 January 2020 and will run until 29 May 2020, covering services to be provided across the United Kingdom and other regions.

This tender presents a valuable opportunity for businesses involved in research and consultancy, especially those specialising in qualitative research methodologies and audit-related consulting. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are particularly encouraged to participate, as their insights could significantly contribute to understanding audit quality from the perspective of audit committee chairs. Companies with expertise in conducting in-depth interviews and data analysis would find this project well-suited to their capabilities.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Research Project: Qualitative research with audit committee chairs on audit quality

Notice Description

The Financial Reporting Council (FRC) wants to commission qualitative research with Audit Committee Chairs (ACCs) of Public Interest Entities (PIEs) to obtain a rich, in-depth understanding of ACCs' views on audit quality. Since 2014, the FRC has conducted relatively large-scale annual surveys of ACCs of large companies on audit quality, often using written questionnaires. For 2020 the FRC wants to commission a set of in-depth, semi-structured interviews with a smaller, but representative, sample of ACCs, to generate more detailed insights into ACCs' views on audit quality. This includes insights into how audit committees break down the components of quality of service and quality of audit when choosing an auditor and evaluating the quality of the audit received. The project is expected to take place between January 2020 and May 2020. +++ This is only a summary. Please refer to the PDF attachment for the full Invitation to Tender and instructions on how to submit a bid +++ Additional information: CONTRACT AWARD NOTICE *** OPPORTUNITY CLOSED.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-14dade34-2482-41bf-926b-eaaa91531268
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/96569de8-bf69-4360-bc2f-1225d055dfec
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73000000 - Research and development services and related consultancy services

Notice Value(s)

Tender Value
£50,000 Under £100K
Lots Value
Not specified
Awards Value
£49,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
6 May 20205 years ago
Submission Deadline
13 Jan 2020Expired
Future Notice Date
Not specified
Award Date
24 Jan 20206 years ago
Contract Period
24 Jan 2020 - 31 May 2020 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
THE FINANCIAL REPORTING COUNCIL LIMITED
Contact Name
Head of Procurement
Contact Email
contractsfinder@frc.org.uk
Contact Phone
020 7492 2300

Buyer Location

Locality
LONDON
Postcode
EC2Y 5AS
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
City of London
Electoral Ward
Bassishaw
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

YOUGOV

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-14dade34-2482-41bf-926b-eaaa91531268-2020-05-06T16:13:06+01:00",
    "date": "2020-05-06T16:13:06+01:00",
    "ocid": "ocds-b5fd17-14dade34-2482-41bf-926b-eaaa91531268",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "10-19",
        "title": "Research Project: Qualitative research with audit committee chairs on audit quality",
        "description": "The Financial Reporting Council (FRC) wants to commission qualitative research with Audit Committee Chairs (ACCs) of Public Interest Entities (PIEs) to obtain a rich, in-depth understanding of ACCs' views on audit quality. Since 2014, the FRC has conducted relatively large-scale annual surveys of ACCs of large companies on audit quality, often using written questionnaires. For 2020 the FRC wants to commission a set of in-depth, semi-structured interviews with a smaller, but representative, sample of ACCs, to generate more detailed insights into ACCs' views on audit quality. This includes insights into how audit committees break down the components of quality of service and quality of audit when choosing an auditor and evaluating the quality of the audit received. The project is expected to take place between January 2020 and May 2020. +++ This is only a summary. Please refer to the PDF attachment for the full Invitation to Tender and instructions on how to submit a bid +++ Additional information: CONTRACT AWARD NOTICE *** OPPORTUNITY CLOSED.",
        "datePublished": "2019-12-16T13:46:01Z",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "73000000",
            "description": "Research and development services and related consultancy services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    },
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 50000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure (below threshold)",
        "tenderPeriod": {
            "endDate": "2020-01-13T23:59:59Z"
        },
        "contractPeriod": {
            "startDate": "2020-01-20T00:00:00Z",
            "endDate": "2020-05-29T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": true
        },
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/360a43cf-eb15-4947-bbd4-e49f20331bec",
                "datePublished": "2019-12-16T13:46:01Z",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "2",
                "documentType": "tenderNotice",
                "description": "FRC Invitation to Tender 10-19",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/bb358ab0-676c-4138-aaaa-8660bce223e3",
                "format": "application/pdf"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/Z4T88dvU",
            "name": "THE FINANCIAL REPORTING COUNCIL LIMITED",
            "identifier": {
                "legalName": "THE FINANCIAL REPORTING COUNCIL LIMITED",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/Z4T88dvU"
            },
            "address": {
                "streetAddress": "8th Floor 125 London Wall",
                "locality": "LONDON",
                "postalCode": "EC2Y5AS",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "contractsfinder@frc.org.uk",
                "telephone": "020 7492 2300",
                "name": "Head of Procurement"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "url": "https://www.frc.org.uk"
            }
        },
        {
            "id": "GB-COH-03607311",
            "name": "YOUGOV PLC",
            "identifier": {
                "legalName": "YOUGOV PLC",
                "scheme": "GB-COH",
                "id": "03607311"
            },
            "address": {
                "streetAddress": "50 Featherstone Street LONDON EC1Y 8RT GB"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/Z4T88dvU",
        "name": "THE FINANCIAL REPORTING COUNCIL LIMITED"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-14dade34-2482-41bf-926b-eaaa91531268-1",
            "status": "active",
            "date": "2020-01-24T00:00:00Z",
            "datePublished": "2020-05-06T16:13:06+01:00",
            "value": {
                "amount": 49000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-03607311",
                    "name": "YOUGOV PLC"
                }
            ],
            "contractPeriod": {
                "startDate": "2020-01-24T00:00:00Z",
                "endDate": "2020-05-31T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/96569de8-bf69-4360-bc2f-1225d055dfec",
                    "datePublished": "2020-05-06T16:13:06+01:00",
                    "format": "text/html",
                    "language": "en"
                },
                {
                    "id": "2",
                    "documentType": "tenderNotice",
                    "description": "FRC Invitation to Tender 10-19",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/bb358ab0-676c-4138-aaaa-8660bce223e3",
                    "format": "application/pdf"
                }
            ]
        }
    ]
}