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Management Consultancy Service

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 1 release in its history.

Award

21 Aug 2026 at 13:24

Award Notice
Summary of the contracting process

The Financial Reporting Council, the UK regulator for auditors, accountants and actuaries, bought management consultancy services. Its responsibilities include setting the UK’s Corporate Governance and Stewardship Codes, acting as the UK’s competent authority for audit, and setting auditing and ethical standards while monitoring and enforcing audit quality. The requirement was for consultancy services supporting the FRC’s work. Delivery locations are Birmingham and London. The procurement was for services rather than goods or construction, and was classified as business and management consultancy services (CPV 79410000). The arrangement also allowed the buyer to purchase additional services of the same nature. The selected supplier, Ashurst Perkins Coie Risk Advisory LLP, is a large London-based organisation.

This is an awarded procurement. The FRC used a limited procedure without publishing a separate call for competition, making a direct award under the Government Commercial Agency Management Consultancy Framework Four, Lot 1. The framework had already been competitively procured, and the FRC used its direct-award provisions. Ashurst Perkins Coie Risk Advisory LLP was selected, with one bid recorded. The contract value is £125,000. The contract was signed on 31 July 2026 and is active. Evaluation was based on proposal quality, weighted at 70%, and price, weighted at 30%. The single lot is recorded as cancelled, although the associated award and contract are active.

This award shows that the FRC uses an established public-sector management consultancy framework and direct-award route for consultancy requirements. Competitors seeking comparable work would need to be able to access and operate through the relevant framework route, and to present a strong written proposal: quality carried substantially more weight than price. The requirement is relevant to firms with credible business and management consultancy capability for a financial-regulatory client, particularly where work needs to align with audit, accounting, actuarial, governance, stewardship, ethical-standard or audit-quality responsibilities. A large supplier was selected, indicating that bidders should be able to demonstrate sufficient organisational capacity and professional credibility for work supporting a national regulator.

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Notice Information

Notice Title

Management Consultancy Service

Notice Description

THIS IS A CONTRACT AWARD NOTICE The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. As the Competent Authority for audit in the UK, we set auditing and ethical standards and monitor and enforce audit quality. FRC has awarded a contract under the Government Commercial Agency (GCA) Management Consultancy Framework Four (MCF4) framework agreement (Lot 1)

Lot Information

Lot 1

THIS IS A CONTRACT AWARD NOTICE Consultancy Services.

Options: Additional Services of the same nature.

Procurement Information

The contract was awarded under Government Commercial Agency (GCA) Framework RM6309 - Management Consultancy Framework Four (MCF4) , which was established following a competitive procurement process in accordance with the Public Contracts Regulations 2015. The Financial Reporting Council awarded the contract in accordance with the framework agreement and its direct award provisions. As the contract was awarded under an existing framework agreement, no separate call for competition was required.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06e99f
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/079925-2026
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

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£125,000 £100K-£500K

Notice Dates

Publication Date
21 Aug 20265 days ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
31 Jul 20263 weeks 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
E14 9GE
Postcode Area
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
TLG31 Birmingham, TLI London
Local Authority
Tower Hamlets
Electoral Ward
Blackwall & Cubitt Town
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

ASHURST PERKINS COIE RISK ADVISORY LLP

Further Information

Open Contracting Data Standard (OCDS)

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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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