Audit Market Database

2024-07-12

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Published date: 12 July 2024

Open opportunity - This means that the contract is currently active, and the buying department is looking for potential suppliers to fulfil the contract.

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Contract summary

Industry

Software package and information systems - 48000000

Location of contract

EC2Y 5AS

Value of contract

£100,000

Procurement reference

FRC2024-086

Published date

12 July 2024

Closing date

26 July 2024

Closing time

12pm

Contract start date

26 August 2024

Contract end date

25 August 2026

Contract type

Service contract

Procedure type

Open procedure (below threshold)

What is an open procedure (below threshold)?

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Description

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.

More information

Attachments: 01 Statement of Requirement_Audit Market database.pdf

Technical specifications; 02 Example Tender Response template.docx

Bidding documents
Additional text: Notes:-

• Download and review the documents;

• Observe the timelines and tender process

• Register your interest in this opportunity by email to procurement@frc.org.uk

• You will need to register your interest in this opportunity to receive the Q&A responses.