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
Telephone: +44 2074922300
E-mail: procurement@frc.org.uk
NUTS: UKI4
Internet address(es)
Main address: www.frc.org.uk
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Other: Accountancy
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Provision of Transcription Services
Reference number: FRC2025-004
II.1.2) Main CPV code
79131000
II.1.3) Type of contract
Services
II.1.4) Short description
The Financial Reporting Council 's Enforcement Division and Legal Services Team (LST) have a requirement for Transcription Services for the provision of:
•Transcription services for interviews and presentations carried out during an investigation.
•Tribunal Hearings Real-Time Transcription services and Evidence Presentation services (where a hearing takes place virtually).
The contract will run for a duration of 36 months with an optional 12-month extension period (option to further extend) which is aligned with the provisions of the G-Cloud 14 RM1557.14 Lot 2 Framework Agreement Terms.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
252 000.00
GBP
II.2) Description
II.2.2) Additional CPV code(s)
79130000
II.2.3) Place of performance
NUTS code:
UKI
II.2.4) Description of the procurement
Call Off Contract award under Crown Commercial Services G-Cloud 14 Framework Agreement RM1557-14 following long and shortlisted search and RFT for the following requirement:
The Financial Reporting Council 's Enforcement Division and Legal Services Team (LST) have a requirement for Transcription Services for the provision of:
•Transcription services for interviews and presentations carried out during an investigation.
•Tribunal Hearings Real-Time Transcription services and Evidence Presentation services (where a hearing takes place virtually).
II.2.5) Award criteria
Quality criterion: Quality
/ Weighting: 70%
Cost criterion: Cost
/ Weighting: 30%
II.2.11) Information about options
Options:
Yes
Description of options:
Optional 12-month extension period (option to further extend) which is aligned with the provisions of the G-Cloud 14 RM1557.14 Framework Agreement Terms.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
II.2.14) Additional information
Contract Value- The figure indicated in Section II.1.7. Total value of the procurement (excluding VAT) represents an estimated contract value. The total cost of the services is variable and contingent upon the quantity of transcriptions requested and the number of cases and tribunal hearings during the period of the contract.
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 procurement falls outside the scope of the regulations:
Call Off Contract award under Crown Commercial Services G-Cloud 14 Framework Agreement RM1557.14
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
23/05/2025
V.2.2) Information about tenders
Number of tenders received: 2
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Epiq Europe Ltd
02656370
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:
: 252 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
Head of Procurement
London
UK
VI.5) Date of dispatch of this notice
02/06/2025