Award

Development of CODEx Inline XBRL Viewer ( Beta and Live Phases)

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 3 releases in its history.

Award

29 Aug 2024 at 15:30

Award Notice
TenderAmendment

16 Jul 2024 at 16:02

Tender Notice
Tender

05 Jul 2024 at 08:38

Tender Notice
Summary of the contracting process

The Financial Reporting Council (FRC) has awarded a contract for the development of the CODEx Inline XBRL Viewer (Beta and Live Phases) to Workiva Inc. This award notice follows an open procedure. The project falls under the industry category of IT services: consulting, software development, Internet, and support, with a total contract value of £120,000. The project is funded by the Department for Science, Innovation and Technology through the Regulators' Pioneer Fund and began in September 2023, running until the end of February 2025. Key dates include the contract start on 12th August 2024 and completion on 28th February 2025, with delivery targeted to the London locality (postal code EC2Y 5AS).

This tender provides significant opportunities for businesses specialising in IT services, specifically in consulting and software development. SMEs may find this project particularly attractive, given its focus on advancing the use of structured company and organisational data within the regulatory community. Businesses adept in corporate governance, audit, and risk management solutions are well-suited to compete in similar future contracts. Successful participation can enhance organisational portfolios, foster partnership opportunities with regulatory bodies, and contribute to the broader objective of promoting transparency and integrity in business practices.

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Notice Information

Notice Title

Development of CODEx Inline XBRL Viewer ( Beta and Live Phases)

Notice Description

THIS IS A CONTRACT AWARD NOTICE 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. The FRC regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. The FRC seeks to promote transparency and integrity in business; our work is aimed at investors and others who rely on company accounts, audit, and high-quality risk management. The FRC is leading the CODEx project with the view to accelerating and supporting the use of structured company and organisational data for the public and within the regulatory community. The project is supported by funding from DSIT (Department for Science, Innovation and Technology) through the Regulators' Pioneer Fund and is being delivered by FRC colleagues with support from partner regulators (HMRC, Companies House, the Charity Commission and the FCA). The funded element of the project started in September 2023 and will run until the end of February 2025. We are seeking to engage a supplier for the Development of CODEx Inline XBRL Viewer (Beta and Live Phases). Additional information: THIS IS A CONTRACT AWARD NOTICE

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3606d639-3687-4cad-9fc0-883235aa0dd3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/68754983-847f-4152-bc2a-a9764259c126
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£120,000 £100K-£500K
Lots Value
Not specified
Awards Value
£120,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
29 Aug 20241 years ago
Submission Deadline
23 Jul 2024Expired
Future Notice Date
Not specified
Award Date
25 Aug 20241 years ago
Contract Period
1 Sep 2024 - 28 Feb 2025 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
THE FINANCIAL REPORTING COUNCIL LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC2Y 5AS
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
City of London
Electoral Ward
Bassishaw
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

WORKIVA

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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