Award

Assessment services

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 1 release in its history.

Award

14 Oct 2022 at 10:04

Award Notice
Summary of the contracting process

The Financial Reporting Council Limited has awarded a contract for assessment services through a selective procurement method. The contract, titled "Assessment services," falls under the IT services industry category. The value of the contract is £52,000, with a minimum value of £45,000. The tender period ended on 7th September 2022, while the contract period spans from 10th October 2022 to 9th October 2023. The buyer organisation, The Financial Reporting Council Limited, is located in London with a postal code of EC2Y 5AS.

This tender for assessment services by The Financial Reporting Council Limited presents opportunities for Small and Medium Enterprises (SMEs) and Voluntary, Community, and Social Enterprises (VCSEs) to engage. Businesses providing IT services such as consulting, software development, and Internet support would be well-suited to compete. The award was granted to Pen Test Partners LLP, with a contract value of £45,000. Further information about the contract award can be found at Contracts Finder.

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Notice Information

Notice Title

Assessment services

Notice Description

THIS IS A CONTRACT AWARD NOTICE FOR ASSESSMENT (IT) SERVICES The purpose of the Financial Reporting Council (FRC) is to serve the public interest by setting high standards of corporate governance, reporting and audit and by holding to account those responsible for delivering them. Delivering on our purpose will bring a variety of benefits. Improved outcomes, created by each of our regulatory activities are shown in the circle; each of which can positively reinforce others in the circle and contribute to overall benefits for a wide range of stakeholders such as greater transparency, increased trust in UK markets and a lower cost of capital for companies. Our direct stakeholders include companies, institutional investors, auditors, actuaries, accountants and their respective professional bodies. Our indirect stakeholders include retail shareholders, suppliers, employees, customers, communities, pensioners and savers, and financial institutions, all of whom have an interest in the health of companies and other organisations within our existing and future regulatory scope and in the success of the UK corporate sector as a whole. Additional information: THIS IS A CONTRACT AWARD NOTICE Note The value reflects a 12 month duration. The FRC reserves the right to extend for 1 + 1 years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e54803b2-d32f-4bad-8e19-5f85332f1d23
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/757bf443-7d62-48ef-867f-32db3c451eb6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£52,000 Under £100K
Lots Value
Not specified
Awards Value
£45,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Oct 20223 years ago
Submission Deadline
7 Sep 2022Expired
Future Notice Date
Not specified
Award Date
27 Sep 20223 years ago
Contract Period
9 Oct 2022 - 9 Oct 2023 6-12 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
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
1
Supplier Name

PEN TEST PARTNERS

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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