Official UK procurement notice
External Audit Services · UK public procurement notice
Authority: University of Southampton (Charity / VCSE)·Consortium: 2 public authorities
What is being bought
Published requirement descriptionThe University requires an external auditor to provide the external audit of the University's annual consolidated financial statements and of the annual financial statements of its relevant UK and overseas subsidiary companies including pensions.
Tenderers must be a UK-registered auditor, registered with a relevant UK accountancy body, and a Malaysian-registered auditor. Where the University requires external audit services to be provided for its overseas subsidiaries, the Tenderer will also need to confirm they (or their subcontractor that will be fulfilling the services locally) are compliant with local auditor registration requirements.
The Tenderer will need to confirm they are compliant with the Financial Reporting Council's Code of Ethics particularly in respect of the start date of this Contract and the independence required for working with public interest entities.
- Recurrence: This is likely to be re-procured in 2027 or 2032, depending on whether the optional extension is used.
CPV: Auditing services · Statutory audit services
The lotProcurement structure
single lot · value publishedLot #1AwardedRenewalPublished value£2,750,000
What it takes to wini
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 morei
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).
Published sub-criteria (5)
- Resourcing: 23%
- Relevant Knowledge and Experience: 18%
- Audit Approach, Service Delivery Management and Outcomes: 31%
- Data Protection: 3%
- Commercial: 25%
Published award criteria (8)
- UK-registered auditor: Pass/Fail
- Malaysian-registered auditor: Pass/Fail
- Confirmation of independence: Pass/Fail
- Resourcing: 23%
- Relevant Knowledge and Experience: 18%
- Audit Approach, Service Delivery Management and Outcomes: 31%
- Data Protection: 3%
- Commercial: 25%
- Suitability
- The Tenderer must be a registered UK auditor, registered with a recognised UK accountancy body
- The Tenderer must comply with auditor registration requirements in Malaysia
- The Tenderer must confirm its compliance with independence requirements, as set out in the Financial Reporting Council's Code of Ethics, specifically in respect of public interest entities and the start date of this Contract.
- Economic & financial standing
To support the financial assessment, the University will obtain a Business Risk Report for all Tenderers and every organisation that is being relied on to meet this procurement, using an independent company called Creditsafe.
The University reserves the right to exclude a Tenderer or request provision of further assurances such as parent company/bank guarantee or performance bonds where a Tenderer's Business Risk Score is: "Moderate Risk"; "High Risk"; "Very High Risk"; or "Not Rated", based on the rating provided by Creditsafe
Where a Business Risk Score from our external system is not available, then an alternative method of assessing financial standing will be used. This method is detailed within the Invitation to Tender document set.
Minimum level(s) of standards possibly required:
Tenderers are advised that a requirement of this procurement is to have in place, or commit to obtain prior to the commencement of the contract, the following minimum insurance levels:
Employers (Compulsory) Liability: £10 million GBP per occurrence.
Public Liability: £5 million GBP per occurrence.
Professional Indemnity Insurance: £5 million GBP per occurrence.
- Technical & professional ability
Tenderers attention is drawn to the MANDATORY requirements of the award criteria :
- Grounds for mandatory exclusion
- Grounds for discretionary exclusion
- Economic & Financial Standing
- Insurance
- Compliance with equality legislation
- Health & Safety
- UK registered auditor
- Malaysia registered auditor
- Independence in relation to Financial Reporting Council's Code of Ethics
- Technical & professional ability
UK-registered auditor - tenderers must be a UK-registered auditor registered with one of the following accountancy bodies:
- Association of Authorised Public Accountants (AAPA)
- Association of Chartered Certified Accountants (ACCA)
- Institute of Chartered Accountants in England and Wales (ICAEW)
- Institute of Chartered Accountants of Scotland (ICAS)
- Other equivalent accountancy body that registers auditors to practice in the United Kingdom
Tenderers must comply with auditor registration requirements in Malaysia:
- Registered under Malaysian Institute of Accountant (MIA). A unique registration number is given to each approved registered firm.
- Registered under Securities Commission of Malaysia.
- Price carries 25 of 100 points: a 10% discount moves about 2.5 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 · publisher note attached- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- Yes · This is likely to be re-procured in 2027 or 2032, depending on whether the optional extension is used.
- First published
- 6 Apr 2022, 15:02 BST
- Last source update
- 20 Dec 2022, 15:22 GMT
- Award evaluation window
- 6 Jun 2022 – …
- Authority reference
2022UoS-0436- FTS notice number
2022/S 000-036068- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-032ad5Find a Tender
- Electronic trading
- electronic ordering · electronic payment
Publisher note: E-Tendering Portal: The University is utilising an electronic tendering tool, In-Tend (https://intendhost.co.uk/universityofsouthampton) to manage this procurement and to communicate with potential suppliers and/or tenderers (as appropriate). All documentation in relation to this tender can be downloaded from In-Tend. Potential suppliers/tenderers are advised that there will be no hard copy documents issued and all communications with the University, including the submission of Selection Stage and/or Invitation to Tender responses will be conducted via In-Tend. Regular monitoring of the portal is the responsibility of the potential supplier/tenderer. If you are not already registered as a supplier with the University of Southampton, you will need to register in In-Tend in order to access the procurement documentation. Once you have logged in as a supplier: click on 'Tenders'; locate the relevant project; and click 'View Details'. Once you are in the project screen, you will be able to register your organisation against the project and access all documentation by clicking 'Express Interest'. Potential suppliers/tenderers are advised that formal expressions of interest in the project must be by way of completion and return of the relevant documents via In-Tend. Further instructions for the submission of responses are below: To submit your return: 1. Log in 2. Click 'Tenders' 3. Locate the relevant project 4. View details 5. Click on the tab relating to the relevant project stage (e.g. 'Invitation to Tender') 6. Click on the 'Attach Documents' button and upload your return. 7. Check ALL your response documents are uploaded and displayed in the 'My Tender Return' panel. The system will only permit your organisation to make one return. 8. Click the red 'Submit Return' button. Please note, to preserve the integrity of the procurement, all communications with the University must be made via the correspondence function within In-Tend. Publication of Award Details: In accordance with Regulation 50, paragraph (2) of the Public Contracts Regulations 2015 and subject to Article 5 and Annex 5, Part D (13) of Directive 2014/24/EU of the European Parliament and of the Council (if applicable), the University intends to publish the value of any resulting contract at the award stage, and reserves the right to do so. By submitting a response, potential suppliers/tenderers are consenting to publication of this information unless otherwise agreed in advance with the University. Costs and Expenses: Potential suppliers/tenderers are solely responsible for their costs and expenses incurred in connection with the preparation and submission of responses and participation in this and all future stages of this procurement. Under no circumstances will the University be liable for any costs or expenses borne by potential suppliers/tenderers or any of their supply chain, partners or advisers in this procurement process. The University is not liable for any costs in the event of the cancellation of this procurement process.
How it was run
Official notice- Submission deadline
- 6 Jun 2022, 12:00 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bid validity
- 150 days from the deadline
- Bids opened
- 6 Jun 2022, 12:01 BST
Timeline
6 Jun 2022 → 20 Dec 2022 · 3 dates- Submission deadline6 Jun 2022, 12:00 BST
- Bids opened6 Jun 2022, 12:01 BST
- Notice published20 Dec 2022, 15:22 GMT
Notice history
2 events · 2 releases on Find a Tender · since 20 Dec 2022- Status changed to complete20 Dec 2022, 15:22 GMT
- Buyer details updated20 Dec 2022, 15:22 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Deliotte LLP | £1,659,210 † | — | Awarded |
Contracts
External Audit Services · Deliotte LLP
- Signed
- 28 Nov 2022
- Value
- £1,659,210
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 1bids | — | — | — |
Contracting authority & participating public bodies
2 public bodies on the noticeBidders & participating suppliers
1 commercial party on the notice- Deloitte LLPAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.