Software requirement for XBRL and other interactive data review, reporting and analysis

The Securities and Exchange Commission plans to issue a Request for Proposals to obtain software solutions that enable Commission staff to efficiently use XBRL and other interactive data for their regulatory review, reporting, and analysis functions. The software must be capable of processing and storing interactive data in a format accessible to end-user applications and provide tools to facilitate regulatory activities. The Commission may award multiple contracts and encourages contractors to bid on all or parts of the proposal, including joint efforts. Products proposed must be ready for prompt implementation following contract award. The solicitation, identified as 63000-10-XBRL, falls under NAICS code 519190 and will be managed by the Office of the Securities and Exchange Commission in Washington, DC. The formal RFP and accompanying Statement of Work detailing software requirements and implementation services are expected to be released around December 18, 2009. Interested parties can contact the Contracting Officer, Linda L Baier, to obtain further information or clarification. The initiative highlights the Commission's focus on advancing regulatory technology capabilities to better manage and analyze interactive financial data submissions.