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Contract Timeline
- Publication Date
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7th May 2025 15:43:11 PM
- Tender Deadline
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21st May 2025 11:00:00 AM 6 days remaining
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Contract Summary
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 purpose of the FRC is to serve the public interest and support UK economic growth by upholding high standards of corporate governance, corporate reporting, audit and actuarial work. 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 other organisations. 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: 1. Identified and collected 2. Processed from XBRL into appropriate data format 3. Combined with additional data from a number of data sources To support the project we are tendering for a vendor to support (for a 12 month period) the data collection and processing. Key deliverables include but are not limited to: I. On a roughly quarterly basis (May/Aug/Jan/March) the collection of relevent XBRL accounts across our target population (Accounts of large and medium, listed and PLCs, totalling around 25k accounts from a total population of approx 1m per quarter). II. Extraction of XBRL data from said accounts (Around 2.5m data points) III. Appending of certain public data to the data points The vendor must use an XBRL certified parser (certified by XBRL International) to process the data but is free to devise their own way of achieving the objectives. Our expectation is that all deliverables can be achieved within the cost range of £25,000 to £35,000. The FRC does not anticipate bids over £35,000 incl VAT. PLEASE SEE OUR ITT FOR FULL DETAILS.
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Contract Details
- Open Contracting ID
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ocds-h6vhtk-050e35
- Publication Source
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Find a Tender Service
- Procurement Stage
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Tender
- Procurement Method
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Open
- Procurement Method Details
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Below Threshold - Open Competition
- Procurement Category
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Services
- Tender Suitability
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- Framework / DPS
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Contract Classification
- CPV Code(s)
- CPV Division(s)
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Awarding Authority
THE FINANCIAL REPORTING COUNCIL
- Buyer Name
- Buyer Email
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Procurement@frc.org.uk
- Buyer Phone
- Buyer Address
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13th Floor, Exchange Tower, 1 Harbour Exchange Square
London
E14 9GE
United Kingdom