Award

Media Monitoring Services & Media Distribution / Journalist Platform

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 2 releases in its history.

Award

19 Nov 2024 at 12:22

Tender

07 Oct 2024 at 15:37

Summary of the contracting process

The Financial Reporting Council (FRC), an independent regulator based in London, has completed a procurement process to acquire Media Monitoring Services and a Media Distribution/Journalist Platform. This contract falls under the services industry category of newspapers, journals, periodicals and magazines, with additional classifications in data-processing and database services, as well as news-agency services. The tender process, which was conducted using an open procedure below the threshold, culminated in a contract award notice dated 19th November 2024. The contracts, valued at £45,600 and £16,896, respectively, will span a three-year period from 25th November 2024 to 24th November 2027. The project targets stakeholder engagement and corporate affairs for the FRC, with key delivery addresses located in EC2Y 7AS, London.

This tender presents substantial opportunities for businesses involved in media monitoring, press distribution, and related services, particularly those within the SME sector. By providing daily relevant news links, summaries, press notices and an up-to-date distribution list of journalists, it offers a platform for businesses to showcase their expertise in data management and media distribution. Companies like Early Morning Media Limited and Roxhill Media Limited, which have successfully secured these contracts, are well-suited to benefit from the regulatory and corporate communication needs of the FRC, thereby enhancing their market presence and stimulating business growth. The FRC’s commitment to maintaining high corporate governance standards ensures ongoing demand for these specialised services.

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Notice Title

Media Monitoring Services & Media Distribution / Journalist Platform

Notice Description

THIS IS A CONTRACT AWARD NOTICE The Financial Reporting Council (FRC) is an independent regulator which serves the public interest by setting high standards of corporate governance, corporate reporting and audit and by holding to account those responsible for delivering them. The FRC also monitors and takes enforcement action where things go wrong to ensure the proper operation of the market and confidence in the UK economy and the UK's international reputation as an attractive place to do business. For further details about the FRC, please see our website www.frc.org.uk. The FRC is looking to procure the following two requirements for its Stakeholder Engagement and Corporate Affairs (SECA) team. Firstly, a daily Media Monitoring service, which will provide daily relevant news links and summaries to the FRC, and secondly, a Media Distribution/Journalist Platform to issue press notices and maintain an up-to-date distribution list of journalists. ***AWARD NOTICE*** Additional information: THIS IS A CONTRACT AWARD NOTICE. THIS TENDER HAS BEEN COMPLETED. The FRC reserves the right to extend the contract term. The aggregated contract value will be capped at no greater than PS175k.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-dda7e26a-102c-434c-af02-bb57e2d2d2b7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a419577e-1194-457e-b6a0-aa8d920721dd
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

22 - Printed matter and related products

72 - IT services: consulting, software development, Internet and support

92 - Recreational, cultural and sporting services


CPV Codes

22200000 - Newspapers, journals, periodicals and magazines

72310000 - Data-processing services

72320000 - Database services

92400000 - News-agency services

Notice Value(s)

Tender Value
£20,000 Under £100K
Lots Value
Not specified
Awards Value
£62,496 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Nov 20241 years ago
Submission Deadline
25 Oct 2024Expired
Future Notice Date
Not specified
Award Date
12 Nov 20241 years ago
Contract Period
25 Nov 2024 - 24 Nov 2027 2-3 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
THE FINANCIAL REPORTING COUNCIL LIMITED
Contact Name
Head of Procurement
Contact Email
procurement@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
2
Supplier Names

EARLY MORNING MEDIA

ROXHILL MEDIA

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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