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Published 22 Jul 2026, 11:26 BST

Official UK procurement notice

Audit Qualification 2030: Structured interviews with non-PIE Audit firms

Official notice

Authority: THE FINANCIAL REPORTING COUNCIL LIMITED (Central government)

ServicesBelow threshold - open competitionBelow threshold
Sectors: Research & Development (R&D) (73) Delivery: West Midlands (UKG31)London (UKI)
Published estimate£50,000£60,000 inc. VAT0.1% below published estimate
Submissions closed 19 Aug 2026awarded 4 Sept 2026
Awarded to IFF Research Ltd
Contract term 3 moends 7 Dec 2026 · up to 31 Mar 2027 with extensions · starts 7 Sept 2026

What is being bought

Published requirement description

THIS IS A CONTRACT AWARD NOTICE

The Financial Reporting Council (FRC) commissioned research services for Audit Qualification 2030: Structured Interviews with Non-PIE Audit Firms, to conduct interviews with UK non-PIE audit firms on the pre-qualification education, training and assessment of statutory auditors, including identifying current practices and barriers to effective training.

CPV: Research and development services and related consultancy services

The lotProcurement structure

single lot · value published
Lot #1AwardedRenewal 3 moPublished value£50,000
Contract period: 7 Sept 2026 – 7 Dec 2026 (3 mo) · up to 31 Mar 2027 with extensionsValue: £50,000 exc. VAT · £60,000 inc. VAT
Extensions: The right to additional purchases while the contract is valid. The FRC reserves the right to procure further Services of the same / related nature. · The supplier should deliver the Services (as per the Invitation to Tender (ITT) by the 7th December 2026). Should the FRC amend/alter the requirement the timeline may change.
73000000 Research and development services and related consultancy services

What it takes to win
i

How this buyer will score bids.

The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).

Evaluation split and conditions of participation as published; the tender pack may add more
How bids were scored

Lot awarding rule: Quality and Price (please see ITT).

Procedure terms & legal framework

From the official record
Procedure method
Below threshold - open competition
Legal basis
UKPGA · 2023/54 Procurement Act 2023
Procurement category
Services
Notice status
Awarded
Procurement threshold
Below threshold
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Unspecified in notice
Recurring procurement
Unspecified in notice
First published
22 Jul 2026, 11:26 BST
Last source update
2 Oct 2026, 14:19 BST
Authority reference
FRC2026-072
FTS notice number
2026/S 000-069069
Latest notice
Contract details notice (UK7)
Classification (CPV)
Research and development services and related consultancy services
Delivery area
West Midlands (UKG31)London (UKI)
Official registry OCID
ocds-h6vhtk-06d0a4 Find a Tender

How it was run

Official notice
Run through: portal not identified
Electronic submission allowed
Submission deadline
19 Aug 2026, 12:00 BST
Clarification deadline
3 Aug 2026, 12:00 BST
Submission channel
Official e-sourcing portal
Electronic submission
Allowed
Detailed submission instructions & authority contactsFrom official release

Further information on FRC can be found www.frc.org.uk ↗

PLEASE REFER TO THE INVITATION TO TENDER (ITT) FOR FULL DETAILS INCLUDING HOW TO SUBMIT YOUR TENDER

IMPORTANT:

  • Please register your interest (and raise any tender queries) by emailing the FRC's procurement team - [email protected]
  • The FRC will share all tender queries and answers with those that have registered.
  • Your tender submission must be submitted within the deadline by email to [email protected]

Timeline

22 Jul 2026 → 2 Oct 2026 · 5 dates
  1. Tender notice published92 days ago
    22 Jul 2026, 11:26 BST
  2. Clarification questions by80 days ago
    3 Aug 2026, 12:00 BST
  3. Submission deadline64 days ago
    19 Aug 2026, 12:00 BST
  4. Contract starts45 days ago
    7 Sept 2026, 00:00 BST
  5. Latest notice published20 days ago
    2 Oct 2026, 14:19 BST

Notice history

3 events · 2 releases on Find a Tender · since 22 Jul 2026
  1. Tender notice published
    22 Jul 2026, 11:26 BST
    UK4
  2. Contract details notice published
    2 Oct 2026, 14:19 BST
    UK7
  3. Status changed to complete
    2 Oct 2026, 14:19 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £49,9661 contract exc. VAT
Contracts signed 1latest 4 Sept 2026
Awarded toValueDateStatus
IFF Research Ltd£49,966 †—Awarded

Contracts

  • Contract 1 · IFF Research Ltd

    Signed
    4 Sept 2026
    Value
    £49,966
    Period
    7 Sept 2026 – 31 Dec 2026 · up to 30 Jun 2027 with extensions
    Status
    active
    Extensions
    up to 6 (Six) months extension possible.
    Options
    The right to additional purchases while the contract is valid. Additional research services of the same nature.

Contracting authority & participating public bodies

THE FINANCIAL REPORTING COUNCIL LIMITED

Contracting authorityPublic authority - central government GB-COH: 02486368 · GB-PPON: PLRG-2717-VPBY 13th Floor, Exchange Tower, 1 Harbour Exchange Square, London, London, E14 9GEContact name, email, phone

Bidders & participating suppliers

1 commercial party on the notice
  • I.F.F RESEARCH LIMITEDAwarded supplierGB-COH: 00849983GB-PPON: PWNZ-2722-MDLG 5th Floor The Harlequin Building, London, London, SE1 0HRContact email

Official documents & specifications (4)

Official links; attachments are not copied

Tender pack and attachments

Notices published for this procedure

  • Contract details notice contractContract details noticeUK7Contract details notice on Find a Tender
  • Tender notice tenderTender noticeUK4Tender notice on Find a Tender