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Levy Collection Services

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 2 releases in its history.

Award

24 Apr 2024 at 16:25

Award Notice
Tender

01 Feb 2024 at 15:29

Tender Notice
Summary of the contracting process

The Financial Reporting Council Limited has recently awarded a contract for Levy Collection Services. The procurement stage is complete, with a contract duration of three years and an option to extend by a further 12 months. The award was made to Adetiq Limited, a supplier based in the United Kingdom. The buying organisation's address is located at 8th Floor, 125 London Wall, London, EC2Y5AS, United Kingdom. The procurement falls under the main procurement category of services in the financial and insurance services industry. The contract value amounts to £406,479.48, signed on 4th April 2024.

This contract award for Levy Collection Services provides opportunities for businesses, especially those in the financial and insurance services sector. Companies interested in providing services such as issuing and sending invoices, managing refunds, and account management would be well-suited to compete for this tender. The procurement method used was an open procedure, offering fair competition among potential service providers. The tender originally opened on 1st February 2024, and the award was finalised on 24th April 2024. Businesses aiming to grow through public procurement can find detailed information on this opportunity on the Financial Reporting Council's website.

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Notice Information

Notice Title

Levy Collection Services

Notice Description

This is a Contract Award Notice for Levy Collection Services.

Lot Information

Lot 1

The FRC is awarding a Contract to a Service Provider for the Levy Administration Collection Services including but not limited to * Issuing and sending all invoices to all Levy Payers * Reminders and Chasers * Payment request enquiries * Reconciliation of Levies received * Managing Refunds * Operation and Customer Service * Account Management * Reporting and MI.

Options: 12 Month Extension permitted

Renewal: 3 years initial term to the option to extend for a further 12 months.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-043675
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/013351-2024
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£400,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£406,479 £100K-£500K

Notice Dates

Publication Date
24 Apr 20242 years ago
Submission Deadline
4 Mar 2024Expired
Future Notice Date
Not specified
Award Date
4 Apr 20242 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

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
Postcode Area
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
TLI31 Camden and City of London
Local Authority
City of London
Electoral Ward
Bassishaw
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

Adetiq Limited

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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