---
title: "Audit Market Database"
ocid: "ocds-b5fd17-c7c545f3-9eb4-4ded-83dc-e02f178b01cd"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-c7c545f3-9eb4-4ded-83dc-e02f178b01cd"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-c7c545f3-9eb4-4ded-83dc-e02f178b01cd.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-c7c545f3-9eb4-4ded-83dc-e02f178b01cd.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE FINANCIAL REPORTING COUNCIL LIMITED"
published: "2024-08-20"
---

# Audit Market Database

Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-c7c545f3-9eb4-4ded-83dc-e02f178b01cd

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-c7c545f3-9eb4-4ded-83dc-e02f178b01cd.json)

## Summary

The Financial Reporting Council (FRC) has awarded a contract for an audit market database under the tender ID FRC2024-086. This procurement process, classified under the industry category of "Software package and information systems," involves the supply of a subscription-based audit market database. The contract, valued at £128,500, was awarded to Ideagen Audit Analytics and will run from 1 September 2024 to 31 August 2026. The FRC, located at 8th Floor, 125 London Wall, London, EC2Y 5AS, required this database to support its Market Intelligence and Insights team by providing detailed, accessible, and evidence-based insights into the audit and regulatory markets it oversees. The open procedure procurement method used was below the financial threshold for more complex processes.

This contract presents significant business growth opportunities, particularly for firms specialising in data management, software development, and information systems within the audit and corporate governance sectors. Suppliers that can offer advanced database solutions, historical and current audit data, and robust web and data feed access will find this tender particularly lucrative. Small and medium enterprises (SMEs) are noted as suitable participants, highlighting the potential for smaller tech firms to secure contracts with a high-profile regulatory authority like the FRC. This opportunity not only provides financial benefits but also positions successful bidders as key players in the field of financial regulatory technology and corporate governance.

## Notice

THIS IS A CONTRACT AWARD NOTICE The Financial Reporting Council (FRC) * 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. Further information https://www.frc.org.uk/ * The Government plans to establish the Audit, Reporting and Governance Authority (ARGA) as the successor to the Financial Reporting Council (FRC). ARGA's role will be to protect and promote the interests of investors, other users of corporate reporting and the wider public interest. Background * The FRC's Market Intelligence and Insights (MII) team provides the FRC with understanding of the markets it oversees, the impact of its policies, horizon scanning and evidence-based insight to support and drive policy development. * To fulfil these activities the MII team requires, on an ongoing basis, access to a reliable audit market database that provides details on audit, regulatory and disclosure information both current and historically. Our requirement is therefore an subscription with a database provider (with the breadth and depth of the data we require). * This data must be accessible via web and data feeds. * The FRC will require licences for 12 named users * The FRC will require the rights to publish or reproduce small extracts from, or summaries of, the financial market data and will attribute the database supplier as the source of the information. PLEASE SEE THE STATEMENT OF REQUIREMENTS FOR FULL DETAILS. Additional information: THIS IS A CONTRACT AWARD NOTICE

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/d7b66723-35e4-4575-a7fc-afed7ecb72bc |
| 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 |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 20 Aug 2024 |
| Submission deadline | 26 Jul 2024 |
| Future notice date | Not specified |
| Award date | 19 Aug 2024 |
| Contract period | 31 Aug 2024 - 31 Aug 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £130,000 |
| Lots value | Not specified |
| Awards value | £128,500 |
| 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 | IDEAGEN AUDIT ANALYTICS |

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48000000 - Software package and information systems

## Release History

- 20 Aug 2024 at 12:04 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/d7b66723-35e4-4575-a7fc-afed7ecb72bc
- 12 Jul 2024 at 08:41 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/9f8bd847-b8c0-4a61-8ada-6feac59eca2c

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/d7b66723-35e4-4575-a7fc-afed7ecb72bc
  20th August 2024 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/9f8bd847-b8c0-4a61-8ada-6feac59eca2c
  12th July 2024 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/c0378f10-5dd0-4b55-8a06-b3a928a72846
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/8810fe6e-5a8e-4f25-983a-e59a019012a3

## Notice URLs

- https://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-c7c545f3-9eb4-4ded-83dc-e02f178b01cd. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-c7c545f3-9eb4-4ded-83dc-e02f178b01cd.json.