Published date: 20 March 2023

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


Closing: 8 March 2023, 5pm

Contract summary

Industry

  • Research and development services and related consultancy services - 73000000

Location of contract

EC2Y 5AS

Value of contract

£32,000 to £49,999

Procurement reference

FRC2023-010

Published date

20 March 2023

Closing date

8 March 2023

Closing time

5pm

Contract start date

20 March 2023

Contract end date

20 July 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 UK Financial Reporting Council (FRC) are undertaking this procurement on behalf of the UK Endorsement Board (UKEB).

The UKEB influences, endorses and adopts new or amended international accounting standards issued by the International Accounting Standards Board (IASB) for use by UK companies. The UKEB consults publicly with stakeholders that have an interest in financial reporting in the UK so that it can develop and represent evidence-based UK views with the aim of acting as the UK voice on IFRS financial reporting.

The UKEB are conducting this Research Project: ex-ante economic impact assessment of IASB Exposure Draft 2021/1 Regulatory Assets and Regulatory Liabilities.
The objective of the (proposed) contract is to assist the staff of the UK Endorsement Board in its ex-ante impact analysis of IASB Exposure Draft (ED) 2021/1 Regulatory Assets and Regulatory Liabilities (as subsequently amended and updated through ongoing IASB board deliberations up to the start date of the study) by supporting the UKEB Secretariat with economic expertise in specified areas. This will serve as an input to the assessment of whether the use of this ED is likely to have an adverse impact on the economy of the UK, including on economic growth.

More information

Previous notice about this procurement

Research Project: ex-ante economic impact assessment of IASB Exposure Draft 2021/1 Regulatory Assets and Regulatory Liabilities

  • Opportunity
  • Published 13 February 2023, last edited 1 March 2023

Attachments

Additional text

Notes:-

***THIS IS A CONTRACT AWARD NOTICE***

Award information

Awarded date

13 March 2023

Contract start date

20 March 2023

Contract end date

21 July 2023

Total value of contract

£50,000

This contract was awarded to 1 supplier.

First Economics Ltd

Address

London

Reference

Companies House number: 05075274

Value of contract

£50,000

Supplier is SME?

Yes

Supplier is VCSE?

No

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