---
title: "Culture survey project"
ocid: "ocds-b5fd17-0c48beb1-2cfe-4ac1-bc14-4d5a0f9cd41c"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-0c48beb1-2cfe-4ac1-bc14-4d5a0f9cd41c"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-0c48beb1-2cfe-4ac1-bc14-4d5a0f9cd41c.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-0c48beb1-2cfe-4ac1-bc14-4d5a0f9cd41c.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE FINANCIAL REPORTING COUNCIL LIMITED"
published: "2023-06-08"
---

# Culture survey project

Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-0c48beb1-2cfe-4ac1-bc14-4d5a0f9cd41c

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## Summary

The Financial Reporting Council Limited has awarded a contract for a culture survey project. The survey is part of an ongoing assessment of audit firms' cultures to manage the risk of inconsistent audit quality. The survey aims to assess elements promoting high-quality audit practices within audit firms. The contract has an estimated value of £60,000 GBP and will involve research and design conducted by the FRC. The survey will be administered by a capable supplier, with a tender period ending on 22nd May 2023 and a contract period starting from 5th June 2023 to 30th October 2023 in London under the main procurement category of services.

This culture survey project by the Financial Reporting Council Limited presents an opportunity for businesses in the research and survey services sector. Small and medium-sized enterprises (SMEs) and voluntary, community and social enterprise (VCSE) organisations are well-suited to compete for this tender. By registering interest, businesses can access the tender documents and timelines. The contract has a potential extension after the initial term, capped at £170,000 GBP (plus VAT). This opportunity could lead to recurring business as the survey is planned to occur every one or two years, potentially expanding to other audit firms in the future.

## Notice

THIS IS A CONTRACT AWARD NOTICE The purpose of the Financial Reporting Council (FRC) is to serve the public interest by setting high standards of corporate governance, reporting and audit and by holding to account those responsible for delivering them. The FRC is developing a culture survey for audit firms as part of the ongoing assessment of audit firms' cultures and managing the risk that audit quality remains inconsistent. A healthy culture within the audit firm is vital to achieving consistent audit quality. As part of the ongoing supervision of audit firm culture, the FRC is undertaking this survey to assess elements of audit firm culture that promote high quality audit. The culture survey will provide the FRC with a comparable dataset and sufficient information to perform cross-firm benchmarking accurately and consistently. The research and design of the survey will be conducted by the FRC. This tender seeks a experienced / capable supplier to administer and manage the survey process and analyse the results. The FRC intends for the survey to occur every one or two years, with potential expansion to other audit firms, subject to the successful and positive outcome of the first-year pilot. Additional information: THIS IS A CONTRACT AWARD NOTICE. * The estimated value in this notice reflects an annual value (exc VAT). The FRC reserves the right to further extend after the Initial Term (capped at a total of no more than PS170,000 (plus VAT)).

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/60c45b3a-c407-4553-af14-1179adf5b18d |
| 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 | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 8 Jun 2023 |
| Submission deadline | 22 May 2023 |
| Future notice date | Not specified |
| Award date | 4 May 2023 |
| Contract period | 4 Jun 2023 - 31 Oct 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £60,000 |
| Lots value | Not specified |
| Awards value | £53,151 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | THE FINANCIAL REPORTING COUNCIL LIMITED |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2Y 5AS |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Bassishaw |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | IFF RESEARCH |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services
- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 73110000 - Research services
- 79311000 - Survey services

## Release History

- 8 Jun 2023 at 12:11 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/60c45b3a-c407-4553-af14-1179adf5b18d
- 21 Apr 2023 at 12:55 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/8f121c3c-c4a4-426c-9e10-053824e9b00b

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/60c45b3a-c407-4553-af14-1179adf5b18d
  8th June 2023 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/8f121c3c-c4a4-426c-9e10-053824e9b00b
  21st April 2023 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/28cdc7a3-20fa-4cda-962d-78d3f36a5aab
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/7ef1108e-d01d-425a-ad6a-db0ae24b4c2b

## Notice URLs

- https://www.frc.org.uk

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-0c48beb1-2cfe-4ac1-bc14-4d5a0f9cd41c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-0c48beb1-2cfe-4ac1-bc14-4d5a0f9cd41c.json.