Section one: Contracting authority
one.1) Name and addresses
THE FINANCIAL REPORTING COUNCIL LIMITED
13th Floor, Exchange Tower, 1 Harbour Exchange Square
London
E14 9GE
Contact
Head of Procurement
Telephone
+44 2074922300
Country
United Kingdom
Region code
UKI4 - Inner London – East
Companies House
02486368
Internet address(es)
Main address
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Other activity
Accountancy
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Provision of Transcription Services
Reference number
FRC2025-004
two.1.2) Main CPV code
- 79131000 - Documentation services
two.1.3) Type of contract
Services
two.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.
two.1.6) Information about lots
This contract is divided into lots: No
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £252,000
two.2) Description
two.2.2) Additional CPV code(s)
- 79130000 - Legal documentation and certification services
two.2.3) Place of performance
NUTS codes
- UKI - London
two.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).
two.2.5) Award criteria
Quality criterion - Name: Quality / Weighting: 70%
Cost criterion - Name: Cost / Weighting: 30%
two.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.
two.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 four. Procedure
four.1) Description
four.1.1) Type of procedure
Award of a contract without prior publication of a call for competition in the cases listed below
- The procurement falls outside the scope of application of the regulations
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
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
23 May 2025
five.2.2) Information about tenders
Number of tenders received: 2
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Epiq Europe Ltd
London
Country
United Kingdom
NUTS code
- UKI - London
Companies House
02656370
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £252,000
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
Head of Procurement
London
Country
United Kingdom