---
title: "Research Project: ex-ante economic impact assessment of IASB Exposure Draft 2021/1 Regulatory Assets and Regulatory Liabilities"
ocid: "ocds-b5fd17-567dc6f2-a119-4c9e-a31e-5285dfd61a45"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-567dc6f2-a119-4c9e-a31e-5285dfd61a45"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-567dc6f2-a119-4c9e-a31e-5285dfd61a45.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-567dc6f2-a119-4c9e-a31e-5285dfd61a45.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE FINANCIAL REPORTING COUNCIL LIMITED"
published: "2023-03-20"
---

# Research Project: ex-ante economic impact assessment of IASB Exposure Draft 2021/1 Regulatory Assets and Regulatory Liabilities

Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-567dc6f2-a119-4c9e-a31e-5285dfd61a45

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## Summary

The UK Financial Reporting Council (FRC) has awarded a contract for a Research Project titled "Ex-ante economic impact assessment of IASB Exposure Draft 2021/1 Regulatory Assets and Regulatory Liabilities" on behalf of the UK Endorsement Board (UKEB). The project aims to analyze the potential economic impact of the Exposure Draft on the UK economy. The contract, valued at £50,000, was awarded to First Economics Ltd. The procurement method was an open procedure, and the contract period is from 20th March 2023 to 21st July 2023.

This tender provides business growth opportunities for companies with expertise in research and development services and related consultancy services. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are suitable for participating in this tender. Businesses interested in providing economic expertise to support the UK Endorsement Board's analysis should consider registering their interest to receive further details and potentially compete for the opportunity.

## Notice

***THIS IS A CONTRACT AWARD NOTICE*** The UK Financial Reporting Council (FRC) are undertaking this procurement on behalf of the UK Endorsement Board (UKEB). The UKEB influences, endorses and adopts new or amended international accounting standards issued by the International Accounting Standards Board (IASB) for use by UK companies. The UKEB consults publicly with stakeholders that have an interest in financial reporting in the UK so that it can develop and represent evidence-based UK views with the aim of acting as the UK voice on IFRS financial reporting. The UKEB are conducting this Research Project: ex-ante economic impact assessment of IASB Exposure Draft 2021/1 Regulatory Assets and Regulatory Liabilities. The objective of the (proposed) contract is to assist the staff of the UK Endorsement Board in its ex-ante impact analysis of IASB Exposure Draft (ED) 2021/1 Regulatory Assets and Regulatory Liabilities (as subsequently amended and updated through ongoing IASB board deliberations up to the start date of the study) by supporting the UKEB Secretariat with economic expertise in specified areas. This will serve as an input to the assessment of whether the use of this ED is likely to have an adverse impact on the economy of the UK, including on economic growth. Additional information: Notes:- ***THIS IS A CONTRACT AWARD NOTICE***

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/e9a05fb0-8034-403c-a513-c7276525bddc |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (below threshold) |
| Tender suitability | SME, VCSE |
| Awardee scale | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 20 Mar 2023 |
| Submission deadline | 8 Mar 2023 |
| Future notice date | Not specified |
| Award date | 13 Mar 2023 |
| Contract period | 20 Mar 2023 - 21 Jul 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £49,999 |
| Lots value | Not specified |
| Awards value | £50,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | THE FINANCIAL REPORTING COUNCIL LIMITED |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2Y 5AS |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Bassishaw |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | FIRST ECONOMICS |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73000000 - Research and development services and related consultancy services

## Release History

- 20 Mar 2023 at 11:19 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/e9a05fb0-8034-403c-a513-c7276525bddc
- 1 Mar 2023 at 15:39 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/f9fa5dc3-9dba-46c6-8f0a-b8b8c433b846
- 14 Feb 2023 at 15:13 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/f9fa5dc3-9dba-46c6-8f0a-b8b8c433b846
- 13 Feb 2023 at 10:48 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/f9fa5dc3-9dba-46c6-8f0a-b8b8c433b846

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/e9a05fb0-8034-403c-a513-c7276525bddc
  20th March 2023 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/f9fa5dc3-9dba-46c6-8f0a-b8b8c433b846
  1st March 2023 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/32edd9f2-61a0-4ad0-aceb-1bd211c7c0f3
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/98095a61-6dac-441b-b6cc-ddcdb104336a
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/586e79ec-297b-4c28-b754-4c512514e1f7

## Notice URLs

- http://www.frc.org.uk

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-567dc6f2-a119-4c9e-a31e-5285dfd61a45. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-567dc6f2-a119-4c9e-a31e-5285dfd61a45.json.