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Provision of Transcription Services

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 1 release in its history.

Award

02 Jun 2025 at 10:07

Summary of the contracting process

The Financial Reporting Council Limited (FRC), based in London, has successfully awarded a contract for the provision of transcription services to Epiq Europe Ltd. This contract falls under the category of documentation services, specifically focusing on services such as transcription for interviews and presentations during investigations and real-time transcription for tribunal hearings. The procurement process, in the 'award' stage as of 2nd June 2025, followed an award procedure without prior publication due to its specific nature under the G-Cloud 14 Framework Agreement. The contract spans a period of three years with an optional 12-month extension, where the procurement method chosen was limited, and the contract value is £252,000 excluding VAT.

This tender offers a substantial opportunity for businesses involved in legal documentation and transcription services, particularly those capable of providing real-time documentation during virtual hearings. The high-quality demand on cost distribution, set at 70% for quality and 30% for cost, presents an opportunity for businesses that can offer premium and reliable services at competitive rates. Companies that are either experienced in handling large-scale documentation services or are looking to expand their portfolio in the legal sector within the UK would find this an ideal fit to leverage their capabilities and explore future collaboration opportunities under public sector frameworks.

How relevant is this notice?

Notice Information

Notice Title

Provision of Transcription Services

Notice Description

The Financial Reporting Council 's Enforcement Division and Legal Services Team (LST) have a requirement for Transcription Services for the provision of: *Transcription services for interviews and presentations carried out during an investigation. *Tribunal Hearings Real-Time Transcription services and Evidence Presentation services (where a hearing takes place virtually). The contract will run for a duration of 36 months with an optional 12-month extension period (option to further extend) which is aligned with the provisions of the G-Cloud 14 RM1557.14 Lot 2 Framework Agreement Terms.

Lot Information

Lot 1

Call Off Contract award under Crown Commercial Services G-Cloud 14 Framework Agreement RM1557-14 following long and shortlisted search and RFT for the following requirement: The Financial Reporting Council 's Enforcement Division and Legal Services Team (LST) have a requirement for Transcription Services for the provision of: *Transcription services for interviews and presentations carried out during an investigation. *Tribunal Hearings Real-Time Transcription services and Evidence Presentation services (where a hearing takes place virtually). Additional information: Contract Value- The figure indicated in Section II.1.7. Total value of the procurement (excluding VAT) represents an estimated contract value. The total cost of the services is variable and contingent upon the quantity of transcriptions requested and the number of cases and tribunal hearings during the period of the contract.

Options: Optional 12-month extension period (option to further extend) which is aligned with the provisions of the G-Cloud 14 RM1557.14 Framework Agreement Terms.

Procurement Information

The procurement falls outside the scope of the regulations: Call Off Contract award under Crown Commercial Services G-Cloud 14 Framework Agreement RM1557.14

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-052a72
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/029067-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79130000 - Legal documentation and certification services

79131000 - Documentation services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£252,000 £100K-£500K

Notice Dates

Publication Date
2 Jun 20255 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
22 May 20256 months 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
Head of Procurement
Contact Email
procurement@frc.org.uk
Contact Phone
+44 2074922300

Buyer Location

Locality
LONDON
Postcode
E14 9GE
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLI London

Local Authority
Tower Hamlets
Electoral Ward
Blackwall & Cubitt Town
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

EPIQ EUROPE

Further Information

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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