Award

Remuneration Research Project

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 2 releases in its history.

Award

10 Jul 2020 at 15:47

Award Notice
Tender

07 May 2020 at 17:00

Tender Notice
Summary of the contracting process

The Financial Reporting Council (FRC) has completed the procurement process for the "Remuneration Research Project," which falls within the research and development services category. This project, located in London, aimed to analyse remuneration policies of FTSE 350 companies, with an award value of £41,000. The tender was published on 7th May 2020, and the submission period closed on 1st June 2020. The FRC employed an open procedure for this tender, contracting with a single supplier.

This procurement presents significant opportunities for businesses involved in research and consultancy services, particularly those specializing in corporate governance and remuneration analysis. Small and medium-sized enterprises (SMEs) and voluntary community and social enterprises (VCSEs) are encouraged to engage in similar future tenders, given the FRC's commitment to promoting transparency and integrity in business practices. The analysis of shareholder voting and policy examination could yield insights beneficial for consultancy firms with experience in corporate accountability.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Remuneration 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 Remuneration Research Project. The project will have two parts,- Part A will use content analysis to examine remuneration policies detailed in company annual reports covering the periods both before and after the Code's introduction. Part B will analyse shareholder voting on companies' revised remuneration policies at their 2020 annual general meetings (AGMs). The project scope for both parts is FTSE 350 companies. FRC will seek to contract with one supplier only. Full details are available in the Invitation to Tender (ITT) document. Additional information: THIS TENDER IS CLOSED. THIS IS THE AWARD NOTICE.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ed8ef938-4930-4cc7-b0a5-fb19f657389c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/defb44f9-903c-4de0-b97d-f6e67c30bbd0
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
Large

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
£45,000 Under £100K
Lots Value
Not specified
Awards Value
£41,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
10 Jul 20205 years ago
Submission Deadline
1 Jun 2020Expired
Future Notice Date
Not specified
Award Date
11 Jun 20205 years ago
Contract Period
14 Jun 2020 - 18 Sep 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

UNIVERSITY OF PORTSMOUTH ENTERPRISE

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-ed8ef938-4930-4cc7-b0a5-fb19f657389c-2020-07-10T16:47:07+01:00",
    "date": "2020-07-10T16:47:07+01:00",
    "ocid": "ocds-b5fd17-ed8ef938-4930-4cc7-b0a5-fb19f657389c",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "FRC2020 -024 revised (Award Notice)",
        "title": "Remuneration Research Project",
        "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 Remuneration Research Project. The project will have two parts,- Part A will use content analysis to examine remuneration policies detailed in company annual reports covering the periods both before and after the Code's introduction. Part B will analyse shareholder voting on companies' revised remuneration policies at their 2020 annual general meetings (AGMs). The project scope for both parts is FTSE 350 companies. FRC will seek to contract with one supplier only. Full details are available in the Invitation to Tender (ITT) document. Additional information: THIS TENDER IS CLOSED. THIS IS THE AWARD NOTICE.",
        "datePublished": "2020-05-07T18:00:23+01:00",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "73000000",
            "description": "Research and development services and related consultancy services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "minValue": {
            "amount": 5000,
            "currency": "GBP"
        },
        "value": {
            "amount": 45000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure (below threshold)",
        "tenderPeriod": {
            "endDate": "2020-06-01T23:59:59+01:00"
        },
        "contractPeriod": {
            "startDate": "2020-06-15T00:00:00+01:00",
            "endDate": "2020-09-18T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": true
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/14b81f70-2d0c-4f9e-b369-15714d46211c",
                "datePublished": "2020-05-07T18:00:23+01:00",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "2",
                "documentType": "biddingDocuments",
                "description": "Tender Response Document (with Terms)",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/b3509d3c-7707-46e3-9fcc-665686a1ab90",
                "format": "application/vnd.openxmlformats-officedocument.wordprocessingml.document"
            },
            {
                "id": "3",
                "documentType": "technicalSpecifications",
                "description": "Invitation to Tender (ITT): Remuneration Research Project",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/d6e6dbc6-7ff9-4c3e-975b-37d94ecf4845",
                "format": "application/pdf"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/Z4T88dvU",
            "name": "THE FINANCIAL REPORTING COUNCIL LIMITED",
            "identifier": {
                "legalName": "THE FINANCIAL REPORTING COUNCIL LIMITED",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/Z4T88dvU"
            },
            "address": {
                "streetAddress": "8th Floor 125 London Wall",
                "locality": "LONDON",
                "postalCode": "EC2Y 5AS",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Head of Procurement",
                "email": "procurement@frc.org.uk",
                "telephone": "020 7492 2300"
            },
            "details": {
                "url": "https://www.frc.org.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-2353125",
            "name": "University of Portsmouth Enterprise Limited",
            "identifier": {
                "legalName": "University of Portsmouth Enterprise Limited",
                "scheme": "GB-COH",
                "id": "2353125"
            },
            "address": {
                "streetAddress": "University House Winston Churchill Avenue Portsmouth Hampshire PO1 2UP"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/Z4T88dvU",
        "name": "THE FINANCIAL REPORTING COUNCIL LIMITED"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-ed8ef938-4930-4cc7-b0a5-fb19f657389c-1",
            "status": "active",
            "date": "2020-06-12T00:00:00+01:00",
            "datePublished": "2020-07-10T16:47:07+01:00",
            "value": {
                "amount": 41000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-2353125",
                    "name": "University of Portsmouth Enterprise Limited"
                }
            ],
            "contractPeriod": {
                "startDate": "2020-06-15T00:00:00+01:00",
                "endDate": "2020-09-18T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/defb44f9-903c-4de0-b97d-f6e67c30bbd0",
                    "datePublished": "2020-07-10T16:47:07+01:00",
                    "format": "text/html",
                    "language": "en"
                },
                {
                    "id": "2",
                    "documentType": "biddingDocuments",
                    "description": "Tender Response Document (with Terms)",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/b3509d3c-7707-46e3-9fcc-665686a1ab90",
                    "format": "application/vnd.openxmlformats-officedocument.wordprocessingml.document"
                },
                {
                    "id": "3",
                    "documentType": "technicalSpecifications",
                    "description": "Invitation to Tender (ITT): Remuneration Research Project",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/d6e6dbc6-7ff9-4c3e-975b-37d94ecf4845",
                    "format": "application/pdf"
                }
            ]
        }
    ]
}