Section one: Contracting authority
one.1) Name and addresses
THE FINANCIAL REPORTING COUNCIL LIMITED
8Th Floor,125 London Wall
LONDON
EC2Y5AS
Contact
Head of Procurement
Telephone
+44 2074922300
Country
United Kingdom
Region code
UKI - London
Internet address(es)
Main address
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
https://www.gov.uk/contracts-finder
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted electronically via
https://www.frc.org.uk/about-the-frc/procedures-and-policies/procurement
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Economic and financial affairs
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Recruitment Services Framework 2022
Reference number
FRC2022-066
two.1.2) Main CPV code
- 79600000 - Recruitment services
two.1.3) Type of contract
Services
two.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.
Delivering on our purpose will bring a variety of benefits. Improved outcomes, created by each of our regulatory activities are shown in the circle; each of which can positively reinforce others in the circle and contribute to overall benefits for a wide range of stakeholders such as greater transparency, increased trust in UK markets and a lower cost of capital for companies. 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.
In 2020 the FRC set up it's first ever Framework Agreement for the provision of Agency Recruitment Services. We are now seeking to refresh our recruitment services framework agreement.
We are seeking to appoint and work with Recruitment Agencies for our permanent and fixed terms recruitment (and occasional interim requirements).
Those Agencies must understand our branding and values and be committed to drive high standards with our resourcing alongside being committed to diversity and inclusion
Agency should understand that FRC operates in the public sector and is committed to the attainment of value for money (and minimizing risk). Our supply partners should understand and share that commitment.
FRC operates skills-based job family. These job families are:
• Actuarial
• Audit & Accountancy
• Legal
• Forensic Accountants
• "All Jobs" (roles that fall outside the scope of the above, for example Human Resources, Information Technology and Governance).
two.1.5) Estimated total value
Value excluding VAT: £2,000,000
two.1.6) Information about lots
This contract is divided into lots: Yes
Tenders may be submitted for all lots
Maximum number of lots that may be awarded to one tenderer: 5
The contracting authority reserves the right to award contracts combining the following lots or groups of lots:
Lots in this instance refers to our Job Families :-
• Actuarial
• Audit & Accountancy
• Legal
• Forensic Accountants
• "All Jobs" (roles that fall outside the scope of the above, for example Human Resources, Information Technology and Governance).
two.2) Description
two.2.1) Title
Actuarial Job Family
Lot No
1
two.2.2) Additional CPV code(s)
- 79600000 - Recruitment services
two.2.3) Place of performance
NUTS codes
- UKI - London
two.2.4) Description of the procurement
FRC operates skills-based job family. This Lot covers the Actuarial Job Family
two.2.5) Award criteria
Quality criterion - Name: Quality / Weighting: 70
Price - Weighting: 30
two.2.6) Estimated value
Value excluding VAT: £400,000
two.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
The Framework Agreement will run for an initial period of two years with a further (potential) extension period of a further 24 months.
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: Yes
Description of options
The FRC reserves the right to make changes to the proposed Terms and Conditions where necessary.
two.2) Description
two.2.1) Title
Audit & Accountancy Job Family
Lot No
2
two.2.2) Additional CPV code(s)
- 79600000 - Recruitment services
two.2.3) Place of performance
NUTS codes
- UKI - London
two.2.4) Description of the procurement
FRC operates skills-based job family. This Lot covers the Audit & Accountancy Job Family.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.6) Estimated value
Value excluding VAT: £400,000
two.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
The Framework Agreement will run for an initial period of two years with a further (potential) extension period of a further 24 months.
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: Yes
Description of options
The FRC reserves the right to make changes to the proposed Terms and Conditions where necessary.
two.2) Description
two.2.1) Title
Legal Job Family
Lot No
3
two.2.2) Additional CPV code(s)
- 79600000 - Recruitment services
two.2.3) Place of performance
NUTS codes
- UKI - London
two.2.4) Description of the procurement
FRC operates skills-based job family. This Lot covers the Legal Job Family.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.6) Estimated value
Value excluding VAT: £400,000
two.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
The Framework Agreement will run for an initial period of two years with a further (potential) extension period of a further 24 months.
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: Yes
Description of options
The FRC reserves the right to make changes to the proposed Terms and Conditions where necessary.
two.2) Description
two.2.1) Title
Forensic Accountants Job Family
Lot No
4
two.2.2) Additional CPV code(s)
- 79600000 - Recruitment services
two.2.3) Place of performance
NUTS codes
- UKI - London
two.2.4) Description of the procurement
FRC operates skills-based job family. This Lot covers the Forensic Accountants Job Family.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.6) Estimated value
Value excluding VAT: £400,000
two.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
The Framework Agreement will run for an initial period of two years with a further (potential) extension period of a further 24 months.
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: Yes
Description of options
The FRC reserves the right to make changes to the proposed Terms and Conditions where necessary.
two.2) Description
two.2.1) Title
"All Jobs"
Lot No
5
two.2.2) Additional CPV code(s)
- 79600000 - Recruitment services
two.2.3) Place of performance
NUTS codes
- UKI - London
two.2.4) Description of the procurement
FRC operates skills-based job family. This Lot covers the "All Jobs" (roles that fall outside the scope of the above, for example Human Resources, Information Technology and Governance).
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.6) Estimated value
Value excluding VAT: £400,000
two.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
The Framework Agreement will run for an initial period of two years with a further (potential) extension period of a further 24 months
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: Yes
Description of options
The FRC reserves the right to make changes to the proposed Terms and Conditions where necessary.
Section three. Legal, economic, financial and technical information
three.1) Conditions for participation
three.1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
List and brief description of conditions
Refer to Tender Pack
three.1.2) Economic and financial standing
List and brief description of selection criteria
Refer to Tender Pack
three.1.3) Technical and professional ability
List and brief description of selection criteria
Refer to Tender Pack
three.2) Conditions related to the contract
three.2.2) Contract performance conditions
Refer to Tender Pack
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
four.1.3) Information about a framework agreement or a dynamic purchasing system
The procurement involves the establishment of a framework agreement
Framework agreement with several operators
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: No
four.2) Administrative information
four.2.2) Time limit for receipt of tenders or requests to participate
Date
30 May 2022
four.2.4) Languages in which tenders or requests to participate may be submitted
English
four.2.6) Minimum time frame during which the tenderer must maintain the tender
Tender must be valid until: 30 September 2022
four.2.7) Conditions for opening of tenders
Date
31 May 2022
Local time
12:05pm
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: No
six.3) Additional information
All Tender documents will be available to download via contracts finder (searching reference FRC2022-066 Recruitment Services Framework Agreement ) or upon request to Procurement@frc.org.uk
six.4) Procedures for review
six.4.1) Review body
The Financial Reporting Council
London
Country
United Kingdom