Published date: 1 February 2024

This notice was replaced on 24 April 2024

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 24 April 2024)

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Contract summary

Industry

  • Financial and insurance services - 66000000

Location of contract

EC2Y 5AS

Value of contract

£200,000

Procurement reference

FRC2023-034

Published date

1 February 2024

Closing date

4 March 2024

Closing time

12pm

Contract start date

1 June 2024

Contract end date

31 May 2028

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

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 £500m or more. Subsidiaries of UK listed companies with a turnover of £500m 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 seeks to engage an organisation 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 REFER TO THE TENDER PACK FOR FURTHER INFORMATION.

PLEASE NOTE THIS OPPORTUNITY HAS ALSO BEEN PUBLISHED ON FIND A TENDER

More information

Attachments

Additional text

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.

• The (proposed) contract is 36 months with an option to extend for a further 12 months.

About the buyer

Contact name

Head of Procurement

Address

8th Floor,125 London Wall
LONDON
EC2Y5AS
England

Telephone

020 7492 2300

Email

procurement@frc.org.uk

Website

https://www.frc.org.uk