--- title: "Workforce engagement research project" ocid: "ocds-b5fd17-d57567b7-119c-4a33-b64a-61eafdf36ee8" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-d57567b7-119c-4a33-b64a-61eafdf36ee8" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-d57567b7-119c-4a33-b64a-61eafdf36ee8.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-d57567b7-119c-4a33-b64a-61eafdf36ee8.json" source: "Contracts Finder" current_stage: "Award" buyer: "THE FINANCIAL REPORTING COUNCIL LIMITED" published: "2020-09-28" --- # Workforce engagement research project Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED Current stage: Award OCID: ocds-b5fd17-d57567b7-119c-4a33-b64a-61eafdf36ee8 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-d57567b7-119c-4a33-b64a-61eafdf36ee8) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-d57567b7-119c-4a33-b64a-61eafdf36ee8.json) ## Summary The Financial Reporting Council (FRC) has completed a tender process for a project titled "Workforce engagement research project", focusing on research and development services within the consulting industry. Based in London, this initiative aimed to enhance boardroom engagement concerning workforce issues, with a contract value of £53,000 awarded to the Involvement & Participation Association. The procurement process followed an open procedure, and the tender period concluded on 7 August 2020, with the contract commencing on 17 August 2020 and running until 29 January 2021. This research project presents significant growth opportunities for businesses involved in consultancy and research services, particularly those with expertise in corporate governance, stakeholder engagement, and employee relations. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are particularly well-positioned to compete for similar future contracts, leveraging their agile organisational structures and innovative methodologies to contribute effectively to enhanced workforce engagement strategies within larger companies. ## Notice The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. We seek to promote transparency and integrity in business; our work is aimed at investors and others who rely on company accounts, audit and high-quality risk management. This Notice relates to our Workforce engagement research project. The FRC 2018 UK Corporate Governance Code (hereafter the "Code") includes measures to enhance the voice of the workforce in the boardroom. The objective is to ensure that board members are exposed to concerns, issues and ideas of the workforce and thus consider these matters as they relate to company culture and strategy. Information gleaned from the workforce is also relevant to the business plan, and boards should use the information to inform their decision making. The Code suggests a range of different approaches to facilitate workforce engagement (Provision 5) which companies may choose from, or combine. A company may also use an alternative approach of its own if it is able to articulate the reason for doing so and explain how this alternative is effective for the particular circumstances. The objective of this research project is to answer the following research questions with respect to FTSE 350 companies: 1. Why did companies choose their particular approach(es), and what did they base this choice on? 2. How have the chosen approach(es) been operationalised by different (types of) companies? 3. To what extent, after one year of employing the approach(es), have effective outcomes been achieved both for the company and its employees? ** This is a summary only, please see the PDF download below for full details ** Additional information: THIS IS THE AWARD NOTICE - THIS ACTIVITY IS COMPLETED. Notes:- * Download and review the documents; * Observe the timelines and tender process * Register your interest in this opportunity by email to procurement@frc.org.uk * You will need to register your interest in this opportunity to receive the Q&A responses. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/83090862-ccb9-4405-81f6-37e2c1daa253 | | 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 Sep 2020 | | Submission deadline | 7 Aug 2020 | | Future notice date | Not specified | | Award date | 13 Aug 2020 | | Contract period | 16 Aug 2020 - 29 Dec 2020 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £55,000 | | Lots value | Not specified | | Awards value | £53,000 | | 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 | TLI London | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | INVOLVEMENT & PARTICIPATION ASSOCIATION | ## 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 Sep 2020 at 08:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/83090862-ccb9-4405-81f6-37e2c1daa253 - 15 Jul 2020 at 16:04 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/8869eb05-b25d-43e0-8d81-52d22a741d7d ## Documents - https://www.contractsfinder.service.gov.uk/Notice/83090862-ccb9-4405-81f6-37e2c1daa253 28th September 2020 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/8869eb05-b25d-43e0-8d81-52d22a741d7d 15th July 2020 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/af9f887f-8151-4159-ac24-c99d5f81f6f6 01 Workforce engagement Research Project Invitation to Tender - https://www.contractsfinder.service.gov.uk/Notice/Attachment/ea0c83eb-6ae9-4215-afcb-8ce6f62bb5ca 02 Workforce engagement Research Project - Tender Response Document ## Notice URLs - http://www.frc.org.uk ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. 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