Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
THE FINANCIAL REPORTING COUNCIL LIMITED
02486368
13th Floor, Exchange Tower, 1 Harbour Exchange Square
London
E14 9GE
UK
Contact person: Head of Procurement
E-mail: procurement@frc.org.uk
NUTS: UKI
Internet address(es)
Main address: https://www.frc.org.uk/
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
Enterprise Resource Planning (ERP) System & Services
Reference number: FRC2026-001
II.1.2) Main CPV code
72000000
II.1.3) Type of contract
Services
II.1.4) Short description
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), GCloud 14 framework agreement (RM1557.14).
II.1.6) Information about lots
This contract is divided into lots:
Yes
II.1.7) Total value of the procurement
Value excluding VAT:
2 244 888.00
GBP
II.2) Description
Lot No: 1
II.2.1) Title
System
II.2.2) Additional CPV code(s)
72000000
II.2.3) Place of performance
NUTS code:
UKC
UKD
UKE
UKF
UKG
UKH
UKI
UKJ
UKK
II.2.4) Description of the procurement
ERP System (contract 31/01/2026 for three years with the option to extend by a further 12 months).
II.2.5) Award criteria
Price
II.2.11) Information about options
Options:
Yes
Description of options:
FRC reserves the right to further extend by 12 months.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Lot No: 2
II.2.1) Title
Services
II.2.2) Additional CPV code(s)
72000000
II.2.3) Place of performance
NUTS code:
UKC
UKD
UKE
UKF
UKG
UKH
UKI
UKJ
UKK
II.2.4) Description of the procurement
ERP Services
II.2.5) Award criteria
Price
II.2.11) Information about options
Options:
Yes
Description of options:
FRC reserves the right to further extend by 12 months.
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 IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Award of a contract without prior publication of a call for competition
Justification for selected award procedure:
The procurement falls outside the scope of application of the Directive
Explanation
CONTRACT AWARD NOTICE
The FRC has undertaken a Call Off under the CCS GCloud 14 Framework Agreement, therefore the procurement is compliant with PCR15.
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
Section V: Award of contract
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
30/01/2026
V.2.2) Information about tenders
Number of tenders received: 1
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Workday Limited
521013
The Kings Building, 152-155 Church Street, Dublin 7, D07 AOTN, Ireland
Ireland
IE
NUTS: IE
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
Total value of the contract/lot:
Lowest offer:
2 244 800.00
GBP
/ Highest offer:
2 244 888.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
THIS IS A CONTRACT AWARD NOTICE.
This is a contract award under the Crown Commercial Services G-Cloud 14 (RM1557.14) Framework Agreement.
VI.4) Procedures for review
VI.4.1) Review body
The Financial Reporting Council
London
UK
VI.5) Date of dispatch of this notice
02/02/2026