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CODEx XBRL Parser Service

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 2 releases in its history.

Award

02 Jul 2025 at 15:21

UK6 - Contract Award Notice
Tender

07 May 2025 at 16:43

UK4 - Tender Notice
Summary of the contracting process

The procurement process for the "CODEx XBRL Parser Service" was conducted by The Financial Reporting Council Limited (FRC), a public authority in the central government sector, located in London, United Kingdom. The process aimed to support the FRC's innovative project for XBRL data integration into policy analysis. This contract, bearing the identification "FRC2025-054", was awarded to Reportix GmbH on 2nd July 2025 and involves the provision of services related to information technology. The procurement was carried out using an open, below-threshold competition method. The contract period is set from 4th July 2025 to 3rd July 2026, with the possibility of renewal for a further five months. The award stage followed an active tender stage, with nine bids received, of which five were from small and medium-sized enterprises (SMEs).

This contract represents a valuable opportunity for IT service providers, particularly those specialising in data processing and software development. Businesses with expertise in handling complex data structures, particularly XBRL, and strong capabilities in database management within cloud environments such as Azure are well-positioned to benefit from this contract. SMEs in the information technology sector can find favourable competition conditions, as the procurement process explicitly encouraged SME participation. This project not only reinforces the technical capabilities of its participants but also contributes to advancing the use of structured data in regulatory practices, presenting continuous opportunities for firms that can innovate and add value in this sphere.

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Notice Information

Notice Title

CODEx XBRL Parser Service

Notice Description

The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. As the Competent Authority for audit in the UK, we set auditing and ethical standards and monitor and enforce audit quality. The FRC undertook an experimental project to accelerate the use of XBRL structured data within a regulatory context. This project was called CODEx. The project delivered a powerful platform to use XBRL data, we have now taken that platform from its sandbox environment and embedded it within the FRC. The FRC has built an SQL database within an AZURE environment, that contains certain data that has been processed from the XBRL accounts submitted to the FCA and Companies House. This data is combined with additional data from other public sources to create a powerful platform for policy analysis. This database is currently in operation. In order for the XBRL data to be useable for our purposes it must (on a quarterly basis) be: (a)Identified and collected, (b) Processed from XBRL into appropriate data format and (c) Combined with additional data from a number of data sources. To support the project we have tendered for a vendor to support the data collection and processing with key deliverables (over a period of 12 months). This is therefore a contract Award Notice.

Lot Information

Lot 1

Options: Reserves the right to extend / add relates Services.

Renewal: Reserves the right to extend for 12 months.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-050e35
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/036871-2025
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Below threshold - open competition
Tender Suitability
SME
Awardee Scale
SME

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

72222300 - Information technology services

Notice Value(s)

Tender Value
£28,000 Under £100K
Lots Value
£28,000 Under £100K
Awards Value
£28,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Jul 20251 years ago
Submission Deadline
21 May 2025Expired
Future Notice Date
Not specified
Award Date
17 Jun 20251 years ago
Contract Period
4 Jul 2025 - 3 Jul 2026 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
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
E14 9GE
Postcode Area
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLI London, TLJ South East (England), TLK South West (England)
Local Authority
Tower Hamlets
Electoral Ward
Blackwall & Cubitt Town
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

Reportix Gmbh

Further Information

Open Contracting Data Standard (OCDS)

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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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