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, 1 Harbour Exchange Square
London
E14 9GE
UK
Contact person: Head of Procurement
E-mail: procurement@frc.org.uk
NUTS: UKI4
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
Insurance Brokerage and related Services
Reference number: FRC2026-050
II.1.2) Main CPV code
66518000
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), Insurance & Related Services 4 framework agreement (RM6323).
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
55 560.00
GBP
II.2) Description
II.2.2) Additional CPV code(s)
66518100
II.2.3) Place of performance
NUTS code:
UKG31
UKI
II.2.4) Description of the procurement
Insurance Brokerage and related Services (contract 22/06/2026 for four years ).
II.2.5) Award criteria
Price
II.2.11) Information about options
Options:
No
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
The 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.
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
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
22/06/2026
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
Willis Limited
00181116
London
UK
NUTS: UKI
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 55 560.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
The Financial Reporting Council
London
UK
VI.5) Date of dispatch of this notice
06/07/2026