Award

Understanding citizens' views on the work of the Financial Reporting Council

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 2 releases in its history.

Award

11 Apr 2019 at 11:38

Award Notice
Tender

11 Dec 2018 at 13:10

Tender Notice
Summary of the contracting process

The Financial Reporting Council Limited is seeking proposals for a research project titled "Understanding citizens' views on the work of the Financial Reporting Council". This procurement process falls under the industry category of market and economic research, and it is currently in the award stage. The tender submission deadline was set for 10 January 2019, with the project expected to commence as soon as possible thereafter, from 20 January to 31 July 2019. The total budget for this initiative is up to £90,000, excluding VAT, and the procurement method employed is an open procedure.

This tender presents an excellent opportunity for businesses specialising in market research, including small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs). Companies experienced in qualitative research methodologies, such as focus groups and surveys, will find this project particularly suited to their capabilities. Engaging with a wider public to gather insights on corporate governance and transparency could significantly enhance the winner's portfolio and expertise in public engagement and stakeholder consultation.

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Notice Information

Notice Title

Understanding citizens' views on the work of the Financial Reporting Council

Notice Description

Financial Reporting Council (FRC) Research Project: Understanding citizens' views on the work of the Financial Reporting Council: including audit, corporate governance and reporting Summary The FRC has a good and continuously developing record of engaging stakeholders through, for example, round table discussions and consulting widely on changes in regulations and guidance. The stakeholders who engage with the FRC tend to be from the professions the FRC regulates - audit, accountancy and actuarial work - plus their representative bodies, and those who rely on the information they produce - investors, pension fund trustees, company directors etc. The FRC would like to better understand what is most important to a wider public in the conduct of its mission to promote transparency and integrity in business (for further detail visit the FRC website), and therefore for the development of its strategy. This research involves direct engagement with members of the public who, as investors in shares, on their own account or in ISAs or pensions, or as customers or employees of businesses, do not tend to engage with the necessarily technical consultations on proposed and actual changes to regulations and guidance. The customer for the work is the FRC. The FRC expects that research methods such as a citizens' jury, citizens' assembly, focus groups or surveys would be used, singly or in combination and to allow for: * the provision of information as a pre-cursor to successful discussions and outputs, to engage the general public as opposed to expert practitioners, * the exploration of any tensions arising between their views in different stakeholder roles - for example as investors, savers, consumers and employees - and with businesses and wider society * the relative importance of elements of the FRC's work and views on how it achieves its mission. The FRC would welcome proposals with recommended options and/or alternative approaches as options, with associated benefits and costs. Depending on the approach recommended, the project is expected to take place over a period of months, starting as soon as possible in 2019. Budget The budget for this project, including expenses and any respondent incentives, is up to PS90,000 excluding VAT. A detailed breakdown of costs is required. Evaluation criteria The project proposal will be evaluated against the following criteria: 1. Evidence of understanding the brief 2. Suitability of proposed methodology 3. Experience undertaking similar projects 4. Cost Closing date for tenders 5pm, 10 January 2019. Please submit to h.grimshaw@frc.org.uk

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4c2fb557-6db6-4248-8089-a6b2fcb9ad28
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/94f9e538-649c-4f2c-82cd-6d3c3a581cec
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79300000 - Market and economic research; polling and statistics

Notice Value(s)

Tender Value
£90,000 Under £100K
Lots Value
Not specified
Awards Value
£89,600 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Apr 20196 years ago
Submission Deadline
10 Jan 2019Expired
Future Notice Date
Not specified
Award Date
18 Jan 20197 years ago
Contract Period
20 Jan 2019 - 31 May 2019 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
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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

C M MONITOR (BRITAIN THINKS

Further Information

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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