---
title: "Research project: Competition and market conditions in the UK market for statutory audit of Public Interest Entities (PIEs)"
ocid: "ocds-b5fd17-f6107a81-b7b5-4737-86f2-d340a1b356dc"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-f6107a81-b7b5-4737-86f2-d340a1b356dc"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-f6107a81-b7b5-4737-86f2-d340a1b356dc.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-f6107a81-b7b5-4737-86f2-d340a1b356dc.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE FINANCIAL REPORTING COUNCIL LIMITED"
published: "2020-05-06"
---

# Research project: Competition and market conditions in the UK market for statutory audit of Public Interest Entities (PIEs)

Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-f6107a81-b7b5-4737-86f2-d340a1b356dc

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## Summary

The Financial Reporting Council Limited has completed a procurement process for the research project titled "Competition and Market Conditions in the UK Market for Statutory Audit of Public Interest Entities (PIEs)." The industry category for this project falls under research and development services and related consultancy services, with a contract value of £110,000. The procurement method used was an open procedure, and the tender period concluded on 13 January 2020, with the project expected to be carried out from 20 January 2020 to 29 May 2020. This project focused on assessing competition within the UK market for statutory audits.

This procurement opportunity can foster business growth for companies specialising in market research, data analysis, and consultancy services, particularly those adept at handling both qualitative and quantitative research methods. Small and Medium Enterprises (SMEs) and Voluntary, Community and Social Enterprises (VCSEs) are particularly encouraged to participate, as the procurement process is designed to be inclusive for these business types, allowing them to demonstrate their capabilities in performing research aligned with the Financial Reporting Council's objectives.

## Notice

The Financial Reporting Council (FRC) welcomes proposals for a research project supporting its monitoring of developments in the UK market for Public Interest Entity (PIE) audits. The requirements of this project are set out further below. In summary there are two main parts: A Indicators and methodology. (i) Identify and develop a suitable set of indicators for the routine assessment of the state of competition in the UK market for statutory audit of PIEs. (ii) Identify and develop a reliable set of methods for collecting and processing the data (both quantitative and qualitative) needed to populate these indicators. B Use the indicators and methods in part A to conduct a review and produce a Baseline Report on the current conditions in respect of competition in the UK market for statutory audits. The project is expected to take place between January 2020 and May 2020. +++ This is only a summary. Please refer to the PDF attachment for the full Invitation to Tender and instructions on how to submit a bid +++ Additional information: CONTRACT AWARD NOTICE *** OPPORTUNITY CLOSED.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/ab9e552d-cb3f-4c23-909f-6e0e7b1f7655 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Not specified |
| 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 | 6 May 2020 |
| Submission deadline | 13 Jan 2020 |
| Future notice date | Not specified |
| Award date | 24 Jan 2020 |
| Contract period | 24 Jan 2020 - 31 May 2020 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £110,000 |
| Lots value | Not specified |
| Awards value | £110,000 |
| 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 | FTI 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

- 6 May 2020 at 15:09 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/ab9e552d-cb3f-4c23-909f-6e0e7b1f7655
- 16 Dec 2019 at 13:21 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/e5bb26de-0843-44c3-81aa-57e484a3a913

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/ab9e552d-cb3f-4c23-909f-6e0e7b1f7655
  6th May 2020 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/e5bb26de-0843-44c3-81aa-57e484a3a913
  16th December 2019 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/46c8f7d2-78e8-4e34-99f0-5be08a83fb65
  FRC Invitation to Tender 09-19

## Notice URLs

- https://www.frc.org.uk

## Provenance

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