--- title: "Levy Collection Services" ocid: "ocds-b5fd17-8a9f4f74-2bb4-4539-947a-f7028fb8601d" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-8a9f4f74-2bb4-4539-947a-f7028fb8601d" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-8a9f4f74-2bb4-4539-947a-f7028fb8601d.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-8a9f4f74-2bb4-4539-947a-f7028fb8601d.json" source: "Contracts Finder" current_stage: "Award" buyer: "THE FINANCIAL REPORTING COUNCIL LIMITED" published: "2024-04-24" --- # Levy Collection Services Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED Current stage: Award OCID: ocds-b5fd17-8a9f4f74-2bb4-4539-947a-f7028fb8601d [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-8a9f4f74-2bb4-4539-947a-f7028fb8601d) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-8a9f4f74-2bb4-4539-947a-f7028fb8601d.json) ## Summary The Financial Reporting Council (FRC) has awarded a contract for Levy Collection Services. The FRC aims to uphold high standards of corporate governance, reporting, and audit, funded in part through a levy on listed companies, large private entities, and public sector organisations. The contract involves services like invoice issuance, payment requests, and customer service. The contract has a value of £406,479.48 GBP and has been completed with a contract period starting from June 1, 2024, to May 31, 2027. This tender opportunity created by the FRC presents a chance for businesses to provide Levy Collection Services tailored to the financial and insurance services industry. SMEs with expertise in invoice management, reconciliation, and customer service are well-suited to compete. The tender, conducted through an open procedure, offers a contract worth £200,000 GBP with a 36-month duration and an option to extend for an additional 12 months, starting from June 1, 2024, to May 31, 2028. ## 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. Our direct stakeholders include companies, institutional investors, auditors, actuaries, accountants and their respective professional bodies. Our indirect stakeholders include retail shareholders, suppliers, employees, customers, communities, pensioners and savers, and financial institutions, all of whom have an interest in the health of companies and other organisations within our existing and future regulatory scope and in the success of the UK corporate sector as a whole. By agreement with DBT and HM Treasury, the FRC is funded partly through a levy on the following organisations that are subject to, or have regard to, FRC regulatory requirements in preparing their accounts: * Companies listed on the London Stock Exchange, and UK AIM and AQUIS Market group companies with an equity share listing. * Large private entities with a turnover of PS500m or more. Subsidiaries of UK listed companies with a turnover of PS500m or more are invoiced on the same invoice as their parent company. * Standard Global Depository Receipt companies ('GDRs'). * Government Departments and other public sector organisations that publish accounts. Further information on the FRC's funding can be found: - https://www.frc.org.uk/about-the-frc/funding This procurement activity sought to engage an organisation to undertake 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 PLEASE NOTE THIS OPPORTUNITY WAS ALSO PUBLISHED ON FIND A TENDER ***AWARD NOTICE*** Additional information: THIS IS A CONTRACT AWARD NOTICE. THIS TENDER HAS BEEN COMPLETED. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/5403a4cf-de6d-4298-96b6-fb156546ff52 | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (above threshold) | | Tender suitability | SME | | Awardee scale | SME | | All stages | Award | ## Dates | Field | Value | | --- | --- | | Publication date | 24 Apr 2024 | | Submission deadline | 4 Mar 2024 | | Future notice date | Not specified | | Award date | 3 Apr 2024 | | Contract period | 31 May 2024 - 31 May 2027 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £406,479 | | Lots value | Not specified | | Awards value | £406,479 | | 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 | ADETIQ | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 24 Apr 2024 at 15:43 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/5403a4cf-de6d-4298-96b6-fb156546ff52 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/5403a4cf-de6d-4298-96b6-fb156546ff52 24th April 2024 - Awarded contract notice on Contracts Finder ## Notice URLs - https://www.frc.org.uk/ - https://www.frc.org.uk/about-the-frc/funding ## 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-b5fd17-8a9f4f74-2bb4-4539-947a-f7028fb8601d. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-8a9f4f74-2bb4-4539-947a-f7028fb8601d.json.