---
title: "Culture in companies Research Project"
ocid: "ocds-b5fd17-acf984d4-d3d6-4fc8-8fab-14b5e3a1fa5f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-acf984d4-d3d6-4fc8-8fab-14b5e3a1fa5f"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-acf984d4-d3d6-4fc8-8fab-14b5e3a1fa5f.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-acf984d4-d3d6-4fc8-8fab-14b5e3a1fa5f.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE FINANCIAL REPORTING COUNCIL LIMITED"
published: "2021-05-28"
---

# Culture in companies Research Project

Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-acf984d4-d3d6-4fc8-8fab-14b5e3a1fa5f

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## Summary

The Financial Reporting Council Limited issued a contract award notice for the "Culture in Companies Research Project," which falls under the research and development services and related consultancy services category. This procurement process, which utilised an open procedure (below threshold), concluded with the award made on 19th May 2021. The contract is set to commence on 21st May 2021 and will run until 30th September 2021. The procurement process was conducted in London, with a total contract value of £35,000, whilst the tender period for submissions ended on 4th May 2021.

This project presents a significant opportunity for small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) to engage in groundbreaking research that influences corporate governance and culture. Businesses with expertise in corporate culture assessment, organisational consultancy, and stakeholder engagement would be particularly well-placed to compete. The insights from this project could not only enhance their service offerings but also position them as thought leaders in a critical area for modern business success.

## Notice

**THIS IS A CONTRACT AWARD NOTICE - THIS TENDER IS CLOSED** The Financial Reporting Council sets the UK Corporate Governance and UK Stewardship Codes; sets UK standards for accounting and actuarial work; monitors and takes action to promote the quality of corporate reporting; and operates independent enforcement arrangements for accountants and actuaries. As the competent authority for audit in the UK the FRC sets auditing and ethical standards and monitors and enforces audit quality. The FRC works in the public interest. Our work is aimed at investors and others who rely on company reports, audit and high-quality risk management. The Background of this Project: In 2016 the FRC published a report titled Corporate Culture and the Role of Boards (hereafter the '2016 Report') which sought to address how boards can influence and shape their company's culture, build trust with various stakeholders and deliver sustainable success through culture assessment, measuring and monitoring. In 2018 the FRC published the new UK Corporate Governance Code which places a greater emphasis on culture, encouraging companies to develop cultures that promote integrity and openness, that value diversity and are responsive to the views of stakeholders. The Purpose and Scope of this Project was: Research conducted by the FRC for its 2020 Annual Review of Corporate Governance indicated that only about a half of companies provided meaningful commentary on their culture in their most recent annual reports, while many companies made no mention at all of monitoring or assessing their culture. In light of these findings, the purpose of this research project was to answer three questions: 1. What externally sourced information, guidance and tools/concepts are boards using to frame and support their companies' internal discussions on culture? 2. How have companies' internal practical approaches to measuring corporate culture, embedding (implementing) culture change, and reviewing the impact of that change evolved in the five years since the FRC's 2016 report? 3. What obstacles do companies encounter in promoting the desired corporate culture and how have they been (or how can they be) addressed? ** This is a contract award notice ** Additional information: ** THIS OPPORTUNITY IS CLOSED. THIS IS A CONTRACT AWARD NOTICE**

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/1fd220cf-83bb-4791-893f-34c806a0a526 |
| 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 | 28 May 2021 |
| Submission deadline | 4 May 2021 |
| Future notice date | Not specified |
| Award date | 18 May 2021 |
| Contract period | 20 May 2021 - 30 Sep 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £35,000 |
| Lots value | Not specified |
| Awards value | £35,000 |
| 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 | DRAGONFISH CONSULTING |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73000000 - Research and development services and related consultancy services

## Release History

- 28 May 2021 at 12:20 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/1fd220cf-83bb-4791-893f-34c806a0a526
- 12 Apr 2021 at 13:42 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/097bbc89-4f19-47e1-84f0-b410b9330b1d

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/1fd220cf-83bb-4791-893f-34c806a0a526
  28th May 2021 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/097bbc89-4f19-47e1-84f0-b410b9330b1d
  12th April 2021 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/4e07dfd6-79f2-4058-a429-9b9d3a6a1544
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/1afe8f96-e701-49a3-9a00-10a0c737138c

## 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-acf984d4-d3d6-4fc8-8fab-14b5e3a1fa5f. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-acf984d4-d3d6-4fc8-8fab-14b5e3a1fa5f.json.