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Official procurement procedure

Insurance Brokerage and related Services

Insurance brokerage and agency services
Insurance brokerage services
West Midlands (UKG31)
London (UKI)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: THE FINANCIAL REPORTING COUNCIL LIMITED: "Insurance Brokerage and related Services". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityTHE FINANCIAL REPORTING COUNCIL LIMITEDScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: THE FINANCIAL REPORTING COUNCIL LIMITED
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for THE FINANCIAL REPORTING COUNCIL LIMITED. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Average Price Reduction
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
27.3Bids / Report
18.2% of reports have one bid
Supplier ConcentrationHigh Concentration
Reportix GmbhTop vendor: 100% of attributable value
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 35 active published awards; 22 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Price reduction compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Historical Awarded Suppliers With This Authority:
Supplier NameHistoric AwardsAttributable GBP Value
Reportix Gmbh1 win£28,000
Procedure terms
Contracting AuthorityTHE FINANCIAL REPORTING COUNCIL LIMITED
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published6 Jul 2026, 14:21 BST
Last source update6 Jul 2026, 14:21 BST
Recurring procurementNot published
ClassificationInsurance brokerage and agency services, Insurance brokerage services
Delivery area
West Midlands (UKG31)
London (UKI)
OCIDocds-h6vhtk-06c468
What is being bought
THIS IS A CONTRACT AWARD NOTICE The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. As the Competent Authority for audit in the UK, we set auditing and ethical standards and monitor and enforce audit quality. FRC has awarded a contract under the Crown Commercial Services (CCS), Insurance & Related Services 4 framework agreement (RM6323).
What changed
From the official release history
  1. Status changed to complete
    6 Jul 2026, 14:21 BST
  2. Official notice release published
    6 Jul 2026, 14:21 BST
  3. Buyer information updated
    6 Jul 2026, 14:21 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    Insurance Brokerage and related Services (contract 22/06/2026 for four years ).
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    6 Jul 2026, 14:21 BST
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 22 Jun 2026, 00:00 BST · £55,560
Commercial outcome and competition
Awards
WILLIS LIMITED
Not published · Not published · active
Contracts
Contract
£55,560 · signed 22 Jun 2026, 00:00 BST · active
Bid statistics
bids: 1 (lot 1)
Buyer and organisations in this procedure

THE FINANCIAL REPORTING COUNCIL LIMITED

Contracting authority GB-COH-02486368
View buyer profile

  • THE FINANCIAL REPORTING COUNCIL LIMITED
    buyer

    GB-COH: 02486368
    13th Floor, 1 Harbour Exchange Square, London, UKI4, E14 9GE
    procurement@frc.org.uk

  • The Financial Reporting Council
    reviewBody

    London

  • Willis Limited
    supplier

    GB-COH: 00181116
    London, UKI
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published
Planning and rationale
Planning budgetNot published
No-engagement rationaleNot published
Procedure rationaleThe contract was awarded under Crown Commercial Service (CCS) Framework RM6323 - Insurance and Related Services 4, which was established following a competitive procurement process in accordance with the Public Contracts Regulations 2015. The Financial Reporting Council awarded the contract in accordance with the framework agreement and its direct award provisions. As the contract was awarded under an existing framework agreement, no separate call for competition was required.