AWARD OUTCOME
What happened
The Financial Reporting Council Limited awarded a strategic stakeholder engagement support and services contract to NEPEAN COMMUNICATIONS LIMITED. The contract was signed on 9 October 2026 and runs from 9 October 2026 to 8 October 2029, with a stated 12-month renewal and options for further similar services.
Published outcomeOne active award for lot 1 was made to NEPEAN COMMUNICATIONS LIMITED under a competitive flexible procedure.
Market significanceThe published contract value is £460,800 excluding VAT (£552,960 including VAT) for specialist stakeholder representation, management consultancy and related business services.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
NEPEAN COMMUNICATIONS LIMITED
99% confidenceAward 1 · Lots 1 · 460800 GBP · Active
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Verified legal name and company number 11735345 are supplied. Award 1 identifies the supplier and relates to lot 1. The £460,800 value is published at contract level for this single-supplier award.
LIFECYCLE
Award or contract stage
Procurement status
99% confidenceComplete
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Tender status is recorded as "complete".
Award status
99% confidenceActive
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Award 1 is recorded with status "active".
Contract status
99% confidenceActive
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Contract 1 is recorded with status "active".
Contract signature
99% confidenceSigned 9 October 2026
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Contract 1 records dateSigned as 2026-10-09.
Contract start
99% confidence9 October 2026
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Contract period startDate is 2026-10-09.
VALUES
Published values explained
Contract value excluding VAT
99% confidence£460,800
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Contract 1 value.amount is 460800 GBP.
Contract value including VAT
99% confidence£552,960
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Contract 1 value.amountGross is 552960 GBP.
Value basis
96% confidenceContract-level value for the single-supplier award
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The published contract value is associated with contract 1, which links to award 1 and its sole supplier.
TIMELINE
Procurement timeline
Tender notice published
99% confidence2 July 2026
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Release history records tender notice 062495-2026 dated 2026-07-02.
Award date
99% confidence18 September 2026
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Award record 1 gives award_date as 2026-09-18.
Contract award notice published
99% confidence25 September 2026
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Release history records contract award notice 091130-2026 dated 2026-09-25.
Contract signed
99% confidence9 October 2026
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Contract 1 records dateSigned as 2026-10-09.
Contract details notice published
99% confidence9 October 2026
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Contract document 095540-2026 records datePublished as 2026-10-09.
Initial contract end
99% confidence8 October 2029
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Contract period endDate is 2029-10-08.
Maximum stated end date
99% confidence8 October 2030
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Contract period maxExtentDate is 2030-10-08.
SCOPE
What was awarded
Requirement
99% confidenceStrategic stakeholder engagement support and services
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The procurement title and description state this requirement.
Lot structure
99% confidenceOne lot (lot 1)
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Tender data lists lot 1; award 1 and contract 1 relate to that lot.
Service classifications
99% confidenceStakeholders representation services; business and management consultancy services; miscellaneous business and business-related services
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Award item classifications list CPV 79112100, 79410000 and 79900000.
Delivery regions
99% confidenceWest Midlands (UKG31) and London (UKI)
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Award item delivery addresses specify UKG31 and UKI.
PROCEDURE
Procedure and competition
Procurement method
99% confidenceOpen
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Tender data records procurementMethod as "open".
Procedure detail
99% confidenceCompetitive flexible procedure
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Tender data records procurementMethodDetails as "Competitive flexible procedure".
Above-threshold status
99% confidenceAbove threshold
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Contract 1 records aboveThreshold as true.
Competition data
99% confidenceNot published
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No bid or participant counts, evaluation scores, or ranking information are supplied.
CONTRACT TERMS
Published contract terms
Initial term
99% confidence9 October 2026 to 8 October 2029
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Contract period startDate and endDate are 2026-10-09 and 2029-10-08 respectively.
Renewal provision
99% confidence12 months
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Contract records hasRenewal as true and renewal description as "12 months".
Maximum term
99% confidenceUp to 8 October 2030
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Contract maxExtentDate is 2030-10-08.
Options
99% confidenceFurther services of the same or similar nature
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Contract records hasOptions as true with this options description.
Performance metrics
99% confidenceNo agreed metrics rationale: N/A
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Contract field noAgreedMetricsRationale is recorded as "N/A".
COMMERCIAL VIEW
Commercial observations
Commercial structure
99% confidenceSingle-supplier, single-lot services contract
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One award, one supplier, and one related lot are published.
Addressable service area
99% confidenceStakeholder representation and business or management consultancy-related support
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Published CPV classifications identify these service areas.
Future work mechanism
99% confidenceThe contract includes a renewal provision and options for further same or similar services.
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Published renewal and options fields state these mechanisms.
DATA QUALITY
Gaps and source limitations
Published pricing detail
99% confidenceOnly contract-level gross and net values are published.
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Contract 1 provides aggregate amount and amountGross; no rate card, pricing breakdown, or lot-level pricing is supplied.
Lot detail
99% confidenceLot 1 has no published title, description, or standalone value.
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Lot record 1 contains no title, description, or value amount.
Evaluation transparency
99% confidenceInformation not supplied in the published notice.
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No tenderer count, bid prices, evaluation criteria, scores, or award rationale are supplied.
Conflict-of-interest document
99% confidenceNot published
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The tender documents list the conflict-of-interest document with description "Not published".
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- Information not supplied in the published notice: bid counts, bidder identities, evaluation methodology, scores, award rationale, and pricing breakdowns.
- Lot 1 has no published title, description, or individual value.
- The published notice does not specify the operational detail or volume of stakeholder engagement services.
- The conflict-of-interest document is marked as not published.
MARKET THEMES
Relevant award themes
Financial Reporting CouncilNEPEAN COMMUNICATIONS LIMITEDstrategic stakeholder engagementstakeholder representation servicesbusiness consultancypublic procurement contract
COMMON QUESTIONS
About this award
Who won the FRC strategic stakeholder engagement contract?
NEPEAN COMMUNICATIONS LIMITED, company number 11735345, is the verified supplier for award 1.
What is the value of the contract?
The published contract value is £460,800 excluding VAT and £552,960 including VAT.
When does the contract run?
The initial period is 9 October 2026 to 8 October 2029. A 12-month renewal is stated, with a maximum published end date of 8 October 2030.
Was the contract signed?
Yes. The contract data explicitly records a signature date of 9 October 2026.
ProcuraAxis award analysis supplements, but does not replace, the official award notice, contract data or procurement documents. “Awarded” does not by itself prove that a contract has been signed.