Published date: 28 September 2020

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


Closing: 7 August 2020, 5pm

Contract summary

Industry

  • Research and development services and related consultancy services - 73000000

Location of contract

London

Value of contract

£40,000 to £55,000

Procurement reference

FRC2020 -051

Published date

28 September 2020

Closing date

7 August 2020

Closing time

5pm

Contract start date

17 August 2020

Contract end date

29 January 2021

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

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 **

More information

Previous notice about this procurement

Workforce engagement research project

  • Opportunity
  • Published 15 July 2020

Attachments

Additional text

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.

Award information

Awarded date

14 August 2020

Contract start date

17 August 2020

Contract end date

29 December 2020

Total value of contract

£53,000

This contract was awarded to 1 supplier.

Involvement & Participation Association

Address

2nd Floor West Wing,
Somerset House
Strand,
London WC2R 1LA

Reference

Companies House number: 00648436

Value of contract

£53,000

Supplier is SME?

Yes

Supplier is VCSE?

Yes

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

www.frc.org.uk