Contract notice
Section I: Contracting
authority
I.1) Name and addresses
THE FINANCIAL REPORTING COUNCIL LIMITED
2486368
8th Floor,125 London Wall
LONDON
EC2Y5AS
UK
Contact person: Head of Procurement
Telephone: +44 2074922300
E-mail: Procurement@frc.org.uk
NUTS: UKI
Internet address(es)
Main address: https://www.frc.org.uk/
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
https://www.contractsfinder.service.gov.uk/Notice/038474a7-d56e-4d99-9d35-fa0ae26eb982
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent to the abovementioned address
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Economic and financial affairs
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Levy Collection Services
Reference number: FRC2023-034
II.1.2) Main CPV code
66000000
II.1.3) Type of contract
Services
II.1.4) Short description
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.
Our direct stakeholders include companies, institutional investors, auditors, actuaries, accountants and their respective professional bodies. Our indirect stakeholders include retail shareholders, suppliers, employees, customers, communities, pensioners and savers, and financial institutions, all of whom have an interest in the health of companies and other organisations within our existing and future regulatory scope and in the success of the UK corporate sector as a whole.
By agreement with DBT and HM Treasury, the FRC is funded partly through a levy on the following organisations that are subject to, or have regard to, FRC regulatory requirements in preparing their accounts:
• Companies listed on the London Stock Exchange, and UK AIM and AQUIS Market group companies with an equity share listing.
• Large private entities with a turnover of £500m or more. Subsidiaries of UK listed companies with a turnover of £500m or more are invoiced on the same invoice as their parent company.
• Standard Global Depository Receipt companies ('GDRs'). • Government Departments and other public sector organisations that publish accounts.
Further information on the FRC's funding can be found: -
https://www.frc.org.uk/about-the-frc/funding
This procurement activity seeks to engage an organisation to collect levy fees on the FRC's behalf.
Please refer to https://www.contractsfinder.service.gov.uk/Notice/038474a7-d56e-4d99-9d35-fa0ae26eb982 for further information.
II.1.5) Estimated total value
Value excluding VAT:
400 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.2) Additional CPV code(s)
66000000
II.2.3) Place of performance
NUTS code:
UKI
II.2.4) Description of the procurement
Levy Administration Collection Services including but not limited to
• Issuing and sending all invoices to all Levy Payers
• Reminders and Chasers
• Payment request enquiries
• Reconciliation of Levies received
• Managing Refunds
• Operation and Customer Service
• Account Management
• Reporting and MI
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 48
This contract is subject to renewal: Yes
Description of renewals:
3 years initial term to the option to extend for a further 12 months.
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
No
II.2.11) Information about options
Options:
Yes
Description of options:
12 Month Extension permitted
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section III: Legal, economic, financial and technical information
III.1) Conditions for participation
III.1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
List and brief description of conditions:
Please refer to the ITT
which can be located via https://www.contractsfinder.service.gov.uk/Notice/038474a7-d56e-4d99-9d35-fa0ae26eb982
III.2) Conditions related to the contract
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
IV.2) Administrative information
IV.2.2) Time limit for receipt of tenders or requests to participate
Date:
04/03/2024
Local time: 12:00
IV.2.4) Languages in which tenders or requests to participate may be submitted
EN
IV.2.7) Conditions for opening of tenders
Date:
04/03/2024
Local time: 12:05
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
No
VI.4) Procedures for review
VI.4.1) Review body
Head of Procurement
London
UK
E-mail: Procurement@frc.org.uk
VI.5) Date of dispatch of this notice
01/02/2024