---
title: "Understanding citizens' views on the work of the Financial Reporting Council"
ocid: "ocds-b5fd17-4c2fb557-6db6-4248-8089-a6b2fcb9ad28"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-4c2fb557-6db6-4248-8089-a6b2fcb9ad28"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-4c2fb557-6db6-4248-8089-a6b2fcb9ad28.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-4c2fb557-6db6-4248-8089-a6b2fcb9ad28.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE FINANCIAL REPORTING COUNCIL LIMITED"
published: "2019-04-11"
---

# Understanding citizens' views on the work of the Financial Reporting Council

Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-4c2fb557-6db6-4248-8089-a6b2fcb9ad28

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## Summary

The Financial Reporting Council Limited is seeking proposals for a research project titled "Understanding citizens' views on the work of the Financial Reporting Council". This procurement process falls under the industry category of market and economic research, and it is currently in the award stage. The tender submission deadline was set for 10 January 2019, with the project expected to commence as soon as possible thereafter, from 20 January to 31 July 2019. The total budget for this initiative is up to £90,000, excluding VAT, and the procurement method employed is an open procedure.

This tender presents an excellent opportunity for businesses specialising in market research, including small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs). Companies experienced in qualitative research methodologies, such as focus groups and surveys, will find this project particularly suited to their capabilities. Engaging with a wider public to gather insights on corporate governance and transparency could significantly enhance the winner's portfolio and expertise in public engagement and stakeholder consultation.

## Notice

Financial Reporting Council (FRC) Research Project: Understanding citizens' views on the work of the Financial Reporting Council: including audit, corporate governance and reporting Summary The FRC has a good and continuously developing record of engaging stakeholders through, for example, round table discussions and consulting widely on changes in regulations and guidance. The stakeholders who engage with the FRC tend to be from the professions the FRC regulates - audit, accountancy and actuarial work - plus their representative bodies, and those who rely on the information they produce - investors, pension fund trustees, company directors etc. The FRC would like to better understand what is most important to a wider public in the conduct of its mission to promote transparency and integrity in business (for further detail visit the FRC website), and therefore for the development of its strategy. This research involves direct engagement with members of the public who, as investors in shares, on their own account or in ISAs or pensions, or as customers or employees of businesses, do not tend to engage with the necessarily technical consultations on proposed and actual changes to regulations and guidance. The customer for the work is the FRC. The FRC expects that research methods such as a citizens' jury, citizens' assembly, focus groups or surveys would be used, singly or in combination and to allow for: * the provision of information as a pre-cursor to successful discussions and outputs, to engage the general public as opposed to expert practitioners, * the exploration of any tensions arising between their views in different stakeholder roles - for example as investors, savers, consumers and employees - and with businesses and wider society * the relative importance of elements of the FRC's work and views on how it achieves its mission. The FRC would welcome proposals with recommended options and/or alternative approaches as options, with associated benefits and costs. Depending on the approach recommended, the project is expected to take place over a period of months, starting as soon as possible in 2019. Budget The budget for this project, including expenses and any respondent incentives, is up to PS90,000 excluding VAT. A detailed breakdown of costs is required. Evaluation criteria The project proposal will be evaluated against the following criteria: 1. Evidence of understanding the brief 2. Suitability of proposed methodology 3. Experience undertaking similar projects 4. Cost Closing date for tenders 5pm, 10 January 2019. Please submit to h.grimshaw@frc.org.uk

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/94f9e538-649c-4f2c-82cd-6d3c3a581cec |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Goods |
| Procurement method | Open |
| Procurement method details | Open procedure (below threshold) |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 11 Apr 2019 |
| Submission deadline | 10 Jan 2019 |
| Future notice date | Not specified |
| Award date | 18 Jan 2019 |
| Contract period | 20 Jan 2019 - 31 May 2019 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £90,000 |
| Lots value | Not specified |
| Awards value | £89,600 |
| 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 | C M MONITOR (BRITAIN THINKS |

## CPV Codes

### Divisions

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

### Codes

- 79300000 - Market and economic research; polling and statistics

## Release History

- 11 Apr 2019 at 11:38 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/94f9e538-649c-4f2c-82cd-6d3c3a581cec
- 11 Dec 2018 at 13:10 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/058b61d4-a378-4600-8a16-3e6897f356e6

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/94f9e538-649c-4f2c-82cd-6d3c3a581cec
  11th April 2019 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/058b61d4-a378-4600-8a16-3e6897f356e6
  11th December 2018 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/515d90b1-805a-49c9-96b2-59ed39f699b1

## 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-b5fd17-4c2fb557-6db6-4248-8089-a6b2fcb9ad28. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-4c2fb557-6db6-4248-8089-a6b2fcb9ad28.json.