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Published 7 Jul 2026, 11:47 BST

Official UK procurement notice

Research Services (Benchmarking the Value of XBRL and structured data in an AI-Driven Reporting Environment)

Official notice

Authority: THE FINANCIAL REPORTING COUNCIL LIMITED (Central government)

ServicesBelow threshold - open competitionBelow thresholdSME suitable
Sectors: Research & Development (R&D) (73) Delivery: North East (UKC)North West (UKD)Yorkshire & Humber (UKE)
+6 moreEast Midlands (UKF)West Midlands (UKG)East of England (UKH)London (UKI)South East (UKJ)South West (UKK)
Published estimate£70,000£84,000 inc. VAT3.6% below published estimate
Submissions closed 31 Jul 2026awarded 17 Sept 2026
Awarded to Lancaster University
Contract term 3 moends 30 Nov 2026 · up to 31 Mar 2027 with extensions · starts 17 Aug 2026

What is being bought

Published requirement description

THIS IS A CONTRACT AWARD NOTICE

An award of a contract for research services to benchmark the value of XBRL in an AI-driven reporting environment. The study will assess how structured data, including XBRL, performs in comparison with equivalent disclosures presented in PDF and HTML formats.

CPV: Research and development services and related consultancy services

The lotProcurement structure

single lot · value published
Lot #1AwardedRenewal 3 moSMEPublished value£70,000
Contract period: 17 Aug 2026 – 30 Nov 2026 (3 mo) · up to 31 Mar 2027 with extensionsValue: £70,000 exc. VAT · £84,000 inc. VAT
Delivery: North East, North West, Yorkshire & Humber, East Midlands, West Midlands, East of England, London, South East, South WestEligibility: SME eligible
Extensions: The FRC reserves the right to procure further Services of the same / related nature. · The supplier should deliver the Services (as per the Invitation to Tender (ITT) by the end of November 2026). Should the FRC amend/alter the requirement the timeline may change.
73000000 Research and development services and related consultancy services

What it takes to win
i

How this buyer will score bids.

The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).

Evaluation split and conditions of participation as published; the tender pack may add more
How bids were scored

Lot awarding rule: Quality and Price (as per the ITT).

Procedure terms & legal framework

From the official record
Procedure method
Below threshold - open competition
Legal basis
UKPGA · 2023/54 Procurement Act 2023
Procurement category
Services
Notice status
Awarded
Procurement threshold
Below threshold
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Unspecified in notice
Recurring procurement
Unspecified in notice
First published
7 Jul 2026, 11:47 BST
Last source update
21 Sept 2026, 10:17 BST
Authority reference
FRC2026-063
FTS notice number
2026/S 000-063574
Latest notice
Contract details notice (UK7)
Classification (CPV)
Research and development services and related consultancy services
Delivery area
North East (UKC)North West (UKD)Yorkshire & Humber (UKE)East Midlands (UKF)West Midlands (UKG)East of England (UKH)London (UKI)South East (UKJ)
+1 moreSouth West (UKK)
Official registry OCID
ocds-h6vhtk-06c503 Find a Tender

How it was run

Official notice
Run through: portal not identified
Electronic submission allowed
Submission deadline
31 Jul 2026, 12:00 BST
Clarification deadline
21 Jul 2026, 12:00 BST
Submission channel
Official e-sourcing portal
Electronic submission
Allowed
Detailed submission instructions & authority contactsFrom official release

Full information on FRC can be found here

www.frc.org.uk ↗

PLEASE REFER TO THE INVITATION TO TENDER (ITT) FOR FULL DETAILS INCLUDING HOW TO SUBMIT YOUR TENDER

IMPORTANT:

  • Please register your interest (and raise any tender queries) by emailing the FRC's procurement team - [email protected]
  • 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 [email protected]

Timeline

7 Jul 2026 → 21 Sept 2026 · 5 dates
  1. Tender notice published105 days ago
    7 Jul 2026, 11:47 BST
  2. Clarification questions by91 days ago
    21 Jul 2026, 12:00 BST
  3. Submission deadline81 days ago
    31 Jul 2026, 12:00 BST
  4. Contract starts65 days ago
    17 Aug 2026, 00:00 BST
  5. Latest notice published29 days ago
    21 Sept 2026, 10:17 BST

Notice history

3 events · 2 releases on Find a Tender · since 7 Jul 2026
  1. Tender notice published
    7 Jul 2026, 11:47 BST
    UK4
  2. Contract details notice published
    21 Sept 2026, 10:17 BST
    UK7
  3. Status changed to complete
    21 Sept 2026, 10:17 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £67,5001 contract exc. VAT
Contracts signed 1latest 17 Sept 2026
Awarded toValueDateStatus
Lancaster University£67,500 †—Awarded

Contracts

  • Contract 1 · Lancaster University

    Signed
    17 Sept 2026
    Value
    £67,500
    Period
    18 Sept 2026 – 27 Jan 2027
    Status
    active

Contracting authority & participating public bodies

THE FINANCIAL REPORTING COUNCIL LIMITED

Contracting authorityPublic authority - central government GB-COH: 02486368 · GB-PPON: PLRG-2717-VPBY 13th Floor, Exchange Tower, 1 Harbour Exchange Square, London, London, E14 9GEContact email

Bidders & participating suppliers

1 commercial party on the notice
  • Lancaster UniversityAwarded supplierGB-COH: RC000657 Bailrigg,, Lancaster, North West, LA1 4YWContact email

Official documents & specifications (4)

Official links; attachments are not copied

Tender pack and attachments

Notices published for this procedure

  • Contract details notice contractContract details noticeUK7Contract details notice on Find a Tender
  • Tender notice tenderTender noticeUK4Tender notice on Find a Tender