Notice Information
Notice Title
Digital Reporting Education & Outreach (DREO) Innovation sprint support.
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 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's Digital Reporting and Taxonomy team set the UK's digital reporting taxonomy. Our taxonomy is used by millions of companies in the UK to file annual report data to regulators and we are keen to ensure that the data is used to its fullest potential. The UK has a focus on economic growth, support for longer-term investment and a drive to maintain and enhance the UK's capital markets. A key enabler for all these goals is a data ecosystem that provides useful insights to the widest audience and at the lowest cost. To achieve this, it is critical to enable access to both the data and the tools to analyse the data. The UK is a world leader in collecting company and organisational data in structured digital form in the iXBRL (Inline eXtensible Business Reporting Language) format. Of the 3.1 million accounts published annually on the Companies House register, 80% are available in iXBRL format. In addition, more than 500 issuers on regulated markets file their annual reports in iXBRL format with the FCA. The FRC seeks a supplier to design and facilitate a Four (4) month innovation sprint, supporting the DREO initiative to: * Identify and engage relevant stakeholder groups from across the corpotate reporting, FinTech, accounting and xbrl ecosystem for the innovation sprints. * Run the innovation sprints to explore key themes and challenges related to the production and use of XBRL data from listed and non-listed company, charaties and other organisations annual accounts. And provide for the facilitation of group discussions or working groups to address, experiment with and consider technical topics and develop practical use cases based upto three regulator led challenges. * Synthesis and Report on the sprints including a final report or roadmap that brings together the insights and outputs from the engagement activities including barriers, gap analysis and use cases. * Provide programme management, stakeholder coordination, and documentation related to the sprints. PLEASE REFER TO THE INVITATION TO TENDER FOR FULL DETAILS. IMPORTANT * Please register your interest by emailing the FRC's procurement team, email procurement@frc.org.uk * The FRC will share all tender queries and answers with those that have registered. * Your tender submission must be submitted within the deadline by email to procurement@frc.org.uk
Lot Information
Lot 1
Options: Additional Services of the same nature.
Renewal: In the event of delay to the project activities and/or the inclusion of additional Services of the same nature.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-05ece5
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/078907-2025
- Current Stage
- Tender
- All Stages
- Tender
Procurement Classification
- Notice Type
- UK4 - Tender Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Open
- Procurement Method Details
- Below threshold - open competition
- Tender Suitability
- SME, VCSE
- Awardee Scale
- Not specified
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
- £35,000 Under £100K
- Lots Value
- £35,000 Under £100K
- Awards Value
- Not specified
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 2 Dec 20252 days ago
- Submission Deadline
- 15 Dec 20252 weeks to go
- Future Notice Date
- Not specified
- Award Date
- Not specified
- Contract Period
- 12 Jan 2026 - 16 Apr 2026 1-6 months
- Recurrence
- Not specified
Notice Status
- Tender Status
- Active
- Lots Status
- Active
- Awards Status
- Not Specified
- Contracts Status
- Not Specified
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- THE FINANCIAL REPORTING COUNCIL LIMITED
- Contact Name
- Not specified
- Contact Email
- procurement@frc.org.uk
- Contact Phone
- Not specified
Buyer Location
- Locality
- LONDON
- Postcode
- E14 9GE
- Post Town
- 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
Further Information
Notice Documents
-
https://www.find-tender.service.gov.uk/Notice/078907-2025
2nd December 2025 - Tender notice on Find a Tender
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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.
{
"tag": [
"compiled"
],
"id": "ocds-h6vhtk-05ece5-2025-12-02T12:58:43Z",
"date": "2025-12-02T12:58:43Z",
"ocid": "ocds-h6vhtk-05ece5",
"initiationType": "tender",
"parties": [
{
"id": "GB-COH-02486368",
"name": "THE FINANCIAL REPORTING COUNCIL LIMITED",
"identifier": {
"scheme": "GB-COH",
"id": "02486368"
},
"additionalIdentifiers": [
{
"scheme": "GB-PPON",
"id": "PLRG-2717-VPBY"
}
],
"address": {
"streetAddress": "13th Floor, Exchange Tower, 1 Harbour Exchange Square",
"locality": "London",
"postalCode": "E14 9GE",
"country": "GB",
"countryName": "United Kingdom",
"region": "UKI42"
},
"contactPoint": {
"email": "Procurement@frc.org.uk"
},
"roles": [
"buyer"
],
"details": {
"url": "https://www.frc.org.uk/",
"classifications": [
{
"id": "publicAuthorityCentralGovernment",
"scheme": "UK_CA_TYPE",
"description": "Public authority - central government"
}
]
}
}
],
"buyer": {
"id": "GB-COH-02486368",
"name": "THE FINANCIAL REPORTING COUNCIL LIMITED"
},
"tender": {
"id": "FRC2025-155",
"legalBasis": {
"id": "2023/54",
"scheme": "UKPGA",
"uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
},
"title": "Digital Reporting Education & Outreach (DREO) Innovation sprint support.",
"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 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's Digital Reporting and Taxonomy team set the UK's digital reporting taxonomy. Our taxonomy is used by millions of companies in the UK to file annual report data to regulators and we are keen to ensure that the data is used to its fullest potential. The UK has a focus on economic growth, support for longer-term investment and a drive to maintain and enhance the UK's capital markets. A key enabler for all these goals is a data ecosystem that provides useful insights to the widest audience and at the lowest cost. To achieve this, it is critical to enable access to both the data and the tools to analyse the data. The UK is a world leader in collecting company and organisational data in structured digital form in the iXBRL (Inline eXtensible Business Reporting Language) format. Of the 3.1 million accounts published annually on the Companies House register, 80% are available in iXBRL format. In addition, more than 500 issuers on regulated markets file their annual reports in iXBRL format with the FCA. The FRC seeks a supplier to design and facilitate a Four (4) month innovation sprint, supporting the DREO initiative to: * Identify and engage relevant stakeholder groups from across the corpotate reporting, FinTech, accounting and xbrl ecosystem for the innovation sprints. * Run the innovation sprints to explore key themes and challenges related to the production and use of XBRL data from listed and non-listed company, charaties and other organisations annual accounts. And provide for the facilitation of group discussions or working groups to address, experiment with and consider technical topics and develop practical use cases based upto three regulator led challenges. * Synthesis and Report on the sprints including a final report or roadmap that brings together the insights and outputs from the engagement activities including barriers, gap analysis and use cases. * Provide programme management, stakeholder coordination, and documentation related to the sprints. PLEASE REFER TO THE INVITATION TO TENDER FOR FULL DETAILS. IMPORTANT * Please register your interest by emailing the FRC's procurement team, email procurement@frc.org.uk * The FRC will share all tender queries and answers with those that have registered. * Your tender submission must be submitted within the deadline by email to procurement@frc.org.uk",
"status": "active",
"items": [
{
"id": "1",
"additionalClassifications": [
{
"scheme": "CPV",
"id": "72000000",
"description": "IT services: consulting, software development, Internet and support"
}
],
"deliveryAddresses": [
{
"region": "UKC",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKD",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKE",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKF",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKG",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKH",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKI",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKJ",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKK",
"country": "GB",
"countryName": "United Kingdom"
}
],
"relatedLot": "1"
}
],
"value": {
"amountGross": 42000,
"amount": 35000,
"currency": "GBP"
},
"procurementMethod": "open",
"procurementMethodDetails": "Below threshold - open competition",
"mainProcurementCategory": "services",
"aboveThreshold": false,
"submissionMethodDetails": "Via email to procurement@frc.org.uk",
"submissionTerms": {
"electronicSubmissionPolicy": "notAllowed"
},
"tenderPeriod": {
"endDate": "2025-12-15T12:00:00Z"
},
"enquiryPeriod": {
"endDate": "2025-12-08T12:00:00Z"
},
"lots": [
{
"id": "1",
"status": "active",
"value": {
"amountGross": 42000,
"amount": 35000,
"currency": "GBP"
},
"suitability": {
"sme": true,
"vcse": true
},
"contractPeriod": {
"startDate": "2026-01-12T00:00:00Z",
"endDate": "2026-04-16T23:59:59+01:00",
"maxExtentDate": "2027-03-31T23:59:59+01:00"
},
"hasRenewal": true,
"renewal": {
"description": "In the event of delay to the project activities and/or the inclusion of additional Services of the same nature."
},
"hasOptions": true,
"options": {
"description": "Additional Services of the same nature."
},
"awardCriteria": {
"description": "Quality and Price (See Invitation to Tender - ITT)"
}
}
],
"documents": [
{
"id": "A-8638",
"documentType": "biddingDocuments",
"url": "https://www.find-tender.service.gov.uk/Notice/Attachment/A-8638",
"format": "application/pdf"
},
{
"id": "A-8639",
"documentType": "biddingDocuments",
"url": "https://www.find-tender.service.gov.uk/Notice/Attachment/A-8639",
"format": "application/vnd.openxmlformats-officedocument.wordprocessingml.document"
},
{
"id": "078907-2025",
"documentType": "tenderNotice",
"noticeType": "UK4",
"description": "Tender notice on Find a Tender",
"url": "https://www.find-tender.service.gov.uk/Notice/078907-2025",
"datePublished": "2025-12-02T12:58:43Z",
"format": "text/html"
}
]
},
"language": "en"
}