Award

Research project: Competition and market conditions in the UK market for statutory audit of Public Interest Entities (PIEs)

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 2 releases in its history.

Award

06 May 2020 at 15:09

Award Notice
Tender

16 Dec 2019 at 13:21

Tender Notice
Summary of the contracting process

The Financial Reporting Council Limited has completed a procurement process for the research project titled "Competition and Market Conditions in the UK Market for Statutory Audit of Public Interest Entities (PIEs)." The industry category for this project falls under research and development services and related consultancy services, with a contract value of £110,000. The procurement method used was an open procedure, and the tender period concluded on 13 January 2020, with the project expected to be carried out from 20 January 2020 to 29 May 2020. This project focused on assessing competition within the UK market for statutory audits.

This procurement opportunity can foster business growth for companies specialising in market research, data analysis, and consultancy services, particularly those adept at handling both qualitative and quantitative research methods. Small and Medium Enterprises (SMEs) and Voluntary, Community and Social Enterprises (VCSEs) are particularly encouraged to participate, as the procurement process is designed to be inclusive for these business types, allowing them to demonstrate their capabilities in performing research aligned with the Financial Reporting Council's objectives.

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Notice Information

Notice Title

Research project: Competition and market conditions in the UK market for statutory audit of Public Interest Entities (PIEs)

Notice Description

The Financial Reporting Council (FRC) welcomes proposals for a research project supporting its monitoring of developments in the UK market for Public Interest Entity (PIE) audits. The requirements of this project are set out further below. In summary there are two main parts: A Indicators and methodology. (i) Identify and develop a suitable set of indicators for the routine assessment of the state of competition in the UK market for statutory audit of PIEs. (ii) Identify and develop a reliable set of methods for collecting and processing the data (both quantitative and qualitative) needed to populate these indicators. B Use the indicators and methods in part A to conduct a review and produce a Baseline Report on the current conditions in respect of competition in the UK market for statutory audits. The project is expected to take place between January 2020 and May 2020. +++ This is only a summary. Please refer to the PDF attachment for the full Invitation to Tender and instructions on how to submit a bid +++ Additional information: CONTRACT AWARD NOTICE *** OPPORTUNITY CLOSED.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f6107a81-b7b5-4737-86f2-d340a1b356dc
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ab9e552d-cb3f-4c23-909f-6e0e7b1f7655
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Not specified
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
£110,000 £100K-£500K
Lots Value
Not specified
Awards Value
£110,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
6 May 20205 years ago
Submission Deadline
13 Jan 2020Expired
Future Notice Date
Not specified
Award Date
24 Jan 20206 years ago
Contract Period
24 Jan 2020 - 31 May 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
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

FTI CONSULTING

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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