Award

FRC 2021-22 AQR Review Cycle and Additional 20-21 Costs

NATIONAL AUDIT OFFICE

This public procurement record has 1 release in its history.

Award

06 Oct 2022 at 11:11

Summary of the contracting process

The National Audit Office awarded a contract for the FRC 2021-22 AQR Review Cycle and Additional 20-21 Costs to THE FINANCIAL REPORTING COUNCIL LIMITED. The procurement process was under the classification of Financial auditing services, with a contract value of £500,000. The tender, conducted through the procurement method 'Other - Sole Source Supplier', had a tender period ending on 15th August 2022 and a contract period from 15th September 2022 to 14th September 2023. The location of the procurement is London (SW1W 9SP).

This contract presents business growth opportunities for companies in the financial auditing services sector. Small and medium-sized enterprises (SMEs) particularly stand to benefit, given the suitability aspect highlighted for SMEs. THE FINANCIAL REPORTING COUNCIL LIMITED, as the awarded supplier, can leverage this contract to expand its operations and reputation within the industry. Businesses with expertise in financial audit and firmwide procedures are well-positioned to compete and potentially secure future contracts in a similar domain.

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Notice Title

FRC 2021-22 AQR Review Cycle and Additional 20-21 Costs

Notice Description

FRCs AQR review of Financial Audit and Firmwide Procedures

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-425dcd05-e1d8-4ce1-97e7-0f3408ad85a1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ff6b3755-e2f7-45c8-87e4-5877dd2ee275
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Sole Source Supplier
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79212100 - Financial auditing services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
£500,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
6 Oct 20223 years ago
Submission Deadline
15 Aug 2022Expired
Future Notice Date
Not specified
Award Date
31 Aug 20223 years ago
Contract Period
14 Sep 2022 - 14 Sep 2023 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
NATIONAL AUDIT OFFICE
Contact Name
Tania Khan
Contact Email
nao.procurement@nao.org.uk
Contact Phone
02077987000

Buyer Location

Locality
LONDON
Postcode
SW1W 9SP
Post Town
South West 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
Westminster
Electoral Ward
Pimlico North
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

THE FINANCIAL REPORTING COUNCIL

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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.

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