Published date: 8 June 2023

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 22 May 2023, 12pm

Contract summary

Industry

  • Research services - 73110000

  • Survey services - 79311000

Location of contract

EC2Y 5AS

Value of contract

£48,000 to £60,000

Procurement reference

FRC2023-067

Published date

8 June 2023

Closing date

22 May 2023

Closing time

12pm

Contract start date

5 June 2023

Contract end date

30 October 2023

Contract type

Service contract

Procedure type

Open procedure (below threshold)

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

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

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

THIS IS A CONTRACT AWARD NOTICE


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.

The FRC is developing a culture survey for audit firms as part of the ongoing assessment of audit firms' cultures and managing the risk that audit quality remains inconsistent. A healthy culture within the audit firm is vital to achieving consistent audit quality.

As part of the ongoing supervision of audit firm culture, the FRC is undertaking this survey to assess elements of audit firm culture that promote high quality audit. The culture survey will provide the FRC with a comparable dataset and sufficient information to perform cross-firm benchmarking accurately and consistently.

The research and design of the survey will be conducted by the FRC. This tender seeks a experienced / capable supplier to administer and manage the survey process and analyse the results.

The FRC intends for the survey to occur every one or two years, with potential expansion to other audit firms, subject to the successful and positive outcome of the first-year pilot.

More information

Previous notice about this procurement

Culture survey project

  • Opportunity
  • Published 21 April 2023

Attachments

Additional text

THIS IS A CONTRACT AWARD NOTICE.


• The estimated value in this notice reflects an annual value (exc VAT). The FRC reserves the right to further extend after the Initial Term (capped at a total of no more than £170,000 (plus VAT)).

Award information

Awarded date

5 May 2023

Contract start date

5 June 2023

Contract end date

31 October 2023

Total value of contract

£53,151

This contract was awarded to 1 supplier.

IFF Research Limited

Address

5th Floor
St. Magnus House
3 Lower Thames St
London
EC3R 6HD

Reference

Companies House number: 00849983

Value of contract

£53,151

Supplier is SME?

Yes

Supplier is VCSE?

No

About the buyer

Contact name

Head of Procurement

Address

8Th Floor,125 London Wall
LONDON
EC2Y 5AS
England

Telephone

020 7492 2300

Email

procurement@frc.org.uk

Website

https://www.frc.org.uk