Award

Convener & Tribunal Secretary of the FRC Tribunal and Appeal Panel

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 2 releases in its history.

Award

08 Mar 2024 at 17:53

Award Notice
Tender

19 Jan 2024 at 10:48

Tender Notice
Summary of the contracting process

The Financial Reporting Council Limited has issued a tender for the role of Convener & Tribunal Secretary of the FRC Tribunal and Appeal Panel in London, United Kingdom. The procurement stage is an open procedure (below threshold) with a tender period ending on 14th February 2024. The contract period is from 2nd September 2024 to 1st September 2027. The industry category is business services, specifically in law, marketing, consulting, recruitment, printing, and security. The minimum contract value is £60,000, with a total contract value of £168,000.

This tender opportunity by The Financial Reporting Council Limited for Convener & Tribunal Secretary of the FRC Tribunal and Appeal Panel is suitable for small and medium-sized enterprises (SMEs) in the services sector. Businesses offering legal, marketing, consulting, recruitment, printing, or security services would be well-suited to compete. Interested parties should register their interest by contacting Procurement@frc.org.uk and adhere to the submission deadlines outlined in the tender documents to potentially grow their business through this contract opportunity.

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Notice Information

Notice Title

Convener & Tribunal Secretary of the FRC Tribunal and Appeal Panel

Notice Description

THIS CONTRACT WAS NOT AWARDED. The purpose of the Financial Reporting Council (FRC) is to serve the public interest by setting high standards in corporate governance and stewardship, corporate reporting, auditing and actuarial work, assessing the effectiveness of the application of those standards and enforcing those standards proportionately where it is in the public interest. Our Enforcement Division, led by our Executive Counsel, is responsible for conducting investigations under our main enforcement procedures. Decisions to open investigations and to refer them to the Enforcement Division, are made by the FRC's Conduct Committee where it considers there may have been misconduct or a breach of the relevant professional standards. As the UK's competent authority for statutory audit and the independent disciplinary body for accountants and actuaries in public interest cases, the FRC is committed to delivering robust, fair and transparent regulatory outcomes on a timely basis. In the financial year ending 31 March 2023, the FRC's Enforcement Division resolved 19 cases and imposed financial sanctions of PS40.5m, including a sanction of PS20m. Many investigations are concluded through settlement. In such cases, a member of the Tribunal Panel will be appointed to consider and approve the settlement agreement. However, a small number of cases will be referred on to the Tribunal stage, where an independent public Tribunal is convened to consider the matters brought to it. Tribunals will be convened from three or five members of the Tribunal Panel and will include at least a legal chair, a member of the relevant profession and a lay member. The FRC wishes to appoint a new Convener & Tribunal Secretary of the Tribunal Panel, a role formally provided for under the FRC's enforcement procedures. The role of the Convener & Tribunal Secretary includes (however is not limited to): * Appointing the Chair of the Tribunal from the Panel and, with the support of the Chair, appointing a Tribunal or Appeal Tribunal from members of the Tribunal Panel, with due regard for availability, experience, expertise and potential conflicts of interest of the Tribunal Panel members. * Appointing replacement members to an ongoing Tribunal, Joint Tribunal or Appeal Tribunal, should this be required. * Appointing legal chair members of the Tribunal Panel to consider Proposed Settlement Agreements under the Schemes and Proposed Decision Notices or Proposed Settlement Decision Notices under the AEP. * Appointing legal chair members to consider applications for the interim orders or leave to appeal. * Appointing an Independent Sanctions Tribunal from members of the Tribunal Panel. * Managing hearings by acting as the Tribunal Clerk/Administrative Officer. PLEASE SEE THE INVITATION TO TENDER (ITT) FOR FULL DETAILS. Additional information: THIS CONTRACT WAS NOT AWARDED DUE TO INSUFFICIENT TENDER SUBMISSIONS **** Notes:- * Download and review the documents; * Observe the timelines and tender process * Register your interest in this opportunity by email to Procurement@frc.org.uk * You will need to register your interest in this opportunity to receive the Q&A responses. * Note : The initial term of appointment will be for three (3) years, with the option to extend for a further three-years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b80e0bfc-a218-493c-9070-45a5ec31a1f9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/853fa487-2c49-4331-a6ee-49634e5e003f
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
£168,000 £100K-£500K
Lots Value
Not specified
Awards Value
£1
Contracts Value
Not specified

Notice Dates

Publication Date
8 Mar 20241 years ago
Submission Deadline
14 Feb 2024Expired
Future Notice Date
Not specified
Award Date
1 Mar 20241 years ago
Contract Period
1 Sep 2024 - 1 Sep 2027 2-3 years
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
TLI London
Local Authority
City of London
Electoral Ward
Bassishaw
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

THE FINANCIAL REPORTING COUNCIL

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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