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Published 11 Jul 2025, 14:38 BST

Official UK procurement notice

Armed Forces Covenant Fund Trust Financial Audit

Official notice

Authority: ARMED FORCES COVENANT FUND TRUSTEE LIMITED (Central government)

ServicesOpen procedureAbove threshold
Sectors: Business Services & Consultancy (79) Delivery: UK
Published estimate£75,000≈ £25k / year · £86,250 inc. VAT
Submissions closed 29 Aug 2025
Contract term 3 yrsends 31 Mar 2029 · up to 31 Mar 2031 with extensions · starts 1 Apr 2026

What is being bought

Published requirement description

This ITT is for a three year contract to provide the annual financial audit services for Armed Forces Covenant Fund Trust, a charity and government Arms' Length Body.

CPV: Auditing services

The lotProcurement structure

single lot · value published
Lot #1Renewal 3 yrsPublished value£75,000
Contract period: 1 Apr 2026 – 31 Mar 2029 (3 yrs) · up to 31 Mar 2031 with extensionsValue: £75,000 exc. VAT · £86,250 inc. VAT
Delivery: UK
Extensions: Contract will include an option to extend for a further two years subject to audit committee approval.
79212000 Auditing services

What it takes to win
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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
Quality: 55%Price: 35%Environmental: 10%
Published sub-criteria (7)
  • Financial Audit of Charity Sector: 20%
  • Experience of Financial audit of public sector bodies: 15%
  • Ability to provide technical advice and support: 10%
  • Quality and continuity of staff allocated to the audit: 10%
  • Audit approach: 10%
  • Price: 25%
  • Experience of auditing in a fully remote environment: 10%
Published award criteria (7)
  • Financial Audit of Charity Sector: Proven track record as financial auditors in the charity sector, and understanding of the business and its environment
  • Experience of Financial audit of public sector bodies
  • Experience of auditing in a fully remote environment
  • Ability to provide technical advice and support: Including charity SORP updates and accounts templates as necessary
  • Quality and continuity of staff allocated to the audit
  • Audit approach: Ability to demonstrate that the audit approach is in acordance with published auditing standards, and evidence of quality assurance
  • Price
What this means for your bid
  • Price carries 35 of 100 points: a 10% discount moves about 3.5 points. The method statement decides this lot, not the discount.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

Procedure terms & legal framework

From the official record
Procedure method
Open procedure
Legal basis
UKPGA · 2023/54 Procurement Act 2023
Procurement category
Services
Notice status
Closed
Procurement threshold
Above threshold (FTS publication)
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
11 Jul 2025, 14:38 BST
Last source update
11 Jul 2025, 14:38 BST
Award evaluation window
Submission end – 27 Oct 2025
FTS notice number
2025/S 000-039332
Latest notice
Tender notice (UK4)
Classification (CPV)
Auditing services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-055dc5 Find a Tender

How it was run

Official notice
Run through: portal not identified
Electronic submission not allowedLanguage: EN
Submission deadline
29 Aug 2025, 23:59 BST
Clarification deadline
15 Aug 2025, 23:59 BST
Submission channel
Official e-sourcing portal
Electronic submission
Not allowed
Accepted languages
en
Detailed submission instructions & authority contactsFrom official release

Submissions to [email protected]

See covenantfund.org.uk/work-for-the-trust/ ↗ for details

Timeline

11 Jul 2025 → 1 Apr 2026 · 5 dates
  1. Tender notice published
    11 Jul 2025, 14:38 BST
  2. Clarification questions by
    15 Aug 2025, 23:59 BST
  3. Submission deadline
    29 Aug 2025, 23:59 BST
  4. Award decision expected by365 days ago
    27 Oct 2025, 23:59 GMT
  5. Contract starts210 days ago
    1 Apr 2026, 00:00 BST

Notice history

1 event · 1 release on Find a Tender
  1. Tender notice published
    11 Jul 2025, 14:38 BST
    UK4

Contracting authority & participating public bodies

ARMED FORCES COVENANT FUND TRUSTEE LIMITED

Contracting authorityPublic authority - central government GB-COH: 11185188 · GB-PPON: PLHN-1877-WRDN 3rd Floor, 3 Wellington Place, Leeds, Yorkshire & Humber, LS1 4APContact email

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

Notices published for this procedure

  • Tender notice tenderTender noticeUK4Tender notice on Find a Tender