---
title: "Scenarios Analysis research project"
ocid: "ocds-b5fd17-bb6909fd-e6f2-4a38-86f4-99231676604d"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-bb6909fd-e6f2-4a38-86f4-99231676604d"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-bb6909fd-e6f2-4a38-86f4-99231676604d.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-bb6909fd-e6f2-4a38-86f4-99231676604d.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE FINANCIAL REPORTING COUNCIL LIMITED"
published: "2021-04-12"
---

# Scenarios Analysis research project

Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-bb6909fd-e6f2-4a38-86f4-99231676604d

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## Summary

The Financial Reporting Council (FRC) has awarded a contract for the research project titled "Scenarios Analysis research project," which falls under the category of research and development services. The procurement process utilised an open procedure and was completed on 12th April 2021, following a tender period that ended on 17th February 2021. The total contract value is £175,000, and the project will focus on scenario analysis related to climate reporting over a contract period from 19th March 2021 to 13th August 2021. The delivery will take place at the FRC’s address in London, EC2Y 5AS.

This opportunity presents significant potential for businesses in the consultancy and research sectors, particularly those specialising in climate-related reporting and analytics. Firms experienced in scenario analysis or those with expertise in corporate governance reporting will be well-suited to compete for future tenders from the FRC, especially if they can demonstrate a capacity for thorough qualitative and quantitative analysis. Additionally, voluntary community sector enterprises (VCSEs) may find opportunities through collaborative efforts in these projects.

## 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. This was a Research Project on Scenario Analysis. Scenario analysis is an important part of climate-related reporting, with the Taskforce on Climate-related Financial Disclosures (TCFD) having given it a core role in their 2017 Recommendations. In June 2020 the Climate Financial Risk Forum published a scenario analysis guide for the financial sector and, most recently, in December 2020, the TCFD published extensive scenario analysis guidance for non-financial companies. The objective the research is to learn more about the processes through which companies are producing their scenario analyses, and how these processes are linked to the outcomes. In doing this, the research will address the following four areas of enquiry: 1. Process: Which teams, departments and functions are involved in conducting the scenario analysis? How, and at which stage(s)? 2. Approach: What assumptions, models, approach(es) are used? 3. Governance: Which internal governance committees are involved in overseeing the process and approving the output? 4. Outcomes: How do the process, approach and governance of scenario analysis impact on (a) the way its findings are used internally by a company, and (b) the extent, and quality, of reporting of findings to external stakeholders? Where possible the enquiry should focus on the use of scenario analysis in companies' climate-related reporting. However, given its relatively early stage of development in climate-related reporting, and the more established application of scenario analysis in other elements of strategic/directors' reports, the project will also use the latter as source material. This will enable the research to achieve a sufficiently broad sample of companies from which robust and relevant findings can be drawn. Note: * The FRC may in future decide to repeat this research in order to provide an over-time comparison. If the FRC takes up this option, it will use the same research contractor and will do so before the end of 2025 (and the total expenditure will be capped at no more than PS175,000). ** This is a summary only** 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/ec534400-cde4-4cf1-b917-8f1906fe0f0d |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (below threshold) |
| Tender suitability | VCSE |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 12 Apr 2021 |
| Submission deadline | 17 Feb 2021 |
| Future notice date | Not specified |
| Award date | 16 Mar 2021 |
| Contract period | 19 Mar 2021 - 13 Aug 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £50,000 |
| Lots value | Not specified |
| Awards value | £175,000 |
| 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 | THE UNIVERSITY OF MANCHESTER |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73000000 - Research and development services and related consultancy services

## Release History

- 12 Apr 2021 at 13:43 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/ec534400-cde4-4cf1-b917-8f1906fe0f0d
- 26 Jan 2021 at 10:28 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/7d0c2660-0043-45aa-8034-ec94090783cd

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/ec534400-cde4-4cf1-b917-8f1906fe0f0d
  12th April 2021 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/7d0c2660-0043-45aa-8034-ec94090783cd
  26th January 2021 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/0dfdd25c-206b-4bc1-8cbd-f198114e8c10
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/b67c1917-9bf6-4054-9d32-c0482f991a07

## 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-bb6909fd-e6f2-4a38-86f4-99231676604d. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-bb6909fd-e6f2-4a38-86f4-99231676604d.json.