Award

Workforce engagement research project

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 2 releases in its history.

Award

28 Sep 2020 at 08:45

Award Notice
Tender

15 Jul 2020 at 16:04

Tender Notice
Summary of the contracting process

The Financial Reporting Council (FRC) has completed a tender process for a project titled "Workforce engagement research project", focusing on research and development services within the consulting industry. Based in London, this initiative aimed to enhance boardroom engagement concerning workforce issues, with a contract value of £53,000 awarded to the Involvement & Participation Association. The procurement process followed an open procedure, and the tender period concluded on 7 August 2020, with the contract commencing on 17 August 2020 and running until 29 January 2021.

This research project presents significant growth opportunities for businesses involved in consultancy and research services, particularly those with expertise in corporate governance, stakeholder engagement, and employee relations. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are particularly well-positioned to compete for similar future contracts, leveraging their agile organisational structures and innovative methodologies to contribute effectively to enhanced workforce engagement strategies within larger companies.

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Notice Information

Notice Title

Workforce engagement research project

Notice Description

The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. We seek to promote transparency and integrity in business; our work is aimed at investors and others who rely on company accounts, audit and high-quality risk management. This Notice relates to our Workforce engagement research project. The FRC 2018 UK Corporate Governance Code (hereafter the "Code") includes measures to enhance the voice of the workforce in the boardroom. The objective is to ensure that board members are exposed to concerns, issues and ideas of the workforce and thus consider these matters as they relate to company culture and strategy. Information gleaned from the workforce is also relevant to the business plan, and boards should use the information to inform their decision making. The Code suggests a range of different approaches to facilitate workforce engagement (Provision 5) which companies may choose from, or combine. A company may also use an alternative approach of its own if it is able to articulate the reason for doing so and explain how this alternative is effective for the particular circumstances. The objective of this research project is to answer the following research questions with respect to FTSE 350 companies: 1. Why did companies choose their particular approach(es), and what did they base this choice on? 2. How have the chosen approach(es) been operationalised by different (types of) companies? 3. To what extent, after one year of employing the approach(es), have effective outcomes been achieved both for the company and its employees? ** This is a summary only, please see the PDF download below for full details ** Additional information: THIS IS THE AWARD NOTICE - THIS ACTIVITY IS COMPLETED. 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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d57567b7-119c-4a33-b64a-61eafdf36ee8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/83090862-ccb9-4405-81f6-37e2c1daa253
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, VCSE
Awardee Scale
SME

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
£55,000 Under £100K
Lots Value
Not specified
Awards Value
£53,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
28 Sep 20205 years ago
Submission Deadline
7 Aug 2020Expired
Future Notice Date
Not specified
Award Date
13 Aug 20205 years ago
Contract Period
16 Aug 2020 - 29 Dec 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
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

INVOLVEMENT & PARTICIPATION ASSOCIATION

Further Information

Notice Documents

Notice URLs

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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