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Published 10 May 2022, 15:16 BST

Official UK procurement notice

External Audit Services · UK public procurement notice

Official notice

Authority: Ark (Public body)

ServicesOpen procedure
Sectors: Business Services & Consultancy (79) Delivery: Scotland (UKM75)
Published estimate£100,000exc. VAT
Submissions closed 1 Jul 2022

What is being bought

Published requirement description

Ark seeks to appoint an external audit service to independently audit the statutory financial statements of Ark (and its two subsidiaries) for compliance with applicable law, auditing and accounting standards and the needs of lenders in respect of loan covenants. External audit is a requirement of the Regulatory Standards of Governance and Financial Management published by the SHR and Company Law. The contract will be for an initial period of 5 years, with the option to extend by up to 2 further years.

CPV: Financial auditing services · Statutory audit services

The lotProcurement structure

single lot · value published
Lot #1Provision of an external audit service to independently audit the statutory financial…RenewalPublished value£100,000

Provision of an external audit service to independently audit the statutory financial statements of Ark for compliance with applicable law, auditing and accounting standards and the needs of lenders in respect of loan covenants. External audit is a requirement of the Regulatory Standards of Governance and Financial Management published by the SHR and Company Law.

Delivery: Scotland · The Priory, Canaan Lane, Edinburgh, EH10 4SG
Extensions: There will be an option to extend the contract by up to two periods of 12 months each or one period of 24 months at the sole discretion of Ark.Variant bids: not allowed
79212300 Statutory audit 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
Quality: 60%Price: 40%
Published sub-criteria (6)
  • Knowledge and understanding of the brief and experience of the sector: 10%
  • Methodology: 20%
  • Team competency and resourcing of contract: 20%
  • Account management: 5%
  • Added value and innovation: 5%
  • price: 40%
Published award criteria (6)
  • Knowledge and understanding of the brief and experience of the sector: 10
  • Methodology: 20
  • Team competency and resourcing of contract: 20
  • Account management: 5
  • Added value and innovation: 5
  • Price: 40
Conditions of participation1
  • Technical & professional ability

    Execution of the service is reserved to a particular profession

What this means for your bid
  • Price carries 40 of 100 points: a 10% discount moves about 4 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
Closed
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
No (one-off requirement)
First published
10 May 2022, 15:16 BST
Last source update
10 May 2022, 15:16 BST
Award evaluation window
1 Jul 2022 – …
FTS notice number
2022/S 000-012159
Classification (CPV)
Financial auditing servicesStatutory audit services
Delivery area
Scotland (UKM75)
Official registry OCID
ocds-h6vhtk-03361c Find a Tender
Contract terms
Electronic trading
e-invoicing allowed · electronic payment

Publisher note: NOTE: To register your interest in this notice and obtain any additional information please visit the Public Contracts Scotland Web Site at https://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=692871. The buyer has indicated that it will accept electronic responses to this notice via the Postbox facility. A user guide is available at https://www.publiccontractsscotland.gov.uk/sitehelp/help_guides.aspx. Suppliers are advised to allow adequate time for uploading documents and to dispatch the electronic response well in advance of the closing time to avoid any last minute problems. (SC Ref:692871)

How it was run

Official notice
Run through: Public Contracts Scotland · Who buys & how to bid on PCS
Supplier login requiredLanguage: EN
Access & registration note: Free single registration for Scotland; PCS-Tender (Jaggaer) for full bidding
Submission deadline
1 Jul 2022, 12:00 BST
Submission channel
{"electronicSubmission"}
Accepted languages
en
Bids opened
1 Jul 2022, 12:00 BST
Detailed submission instructions & authority contactsFrom official release

www.publiccontractsscotland.gov.uk ↗

Timeline

10 May 2022 → 31 Aug 2022 · 4 dates
  1. Notice published
    10 May 2022, 15:16 BST
  2. Submission deadline
    1 Jul 2022, 12:00 BST
  3. Bids opened
    1 Jul 2022, 12:00 BST
  4. Bids must remain valid until
    31 Aug 2022, 23:59 BST

Contracting authority & participating public bodies

Ark

Contracting authorityPublic bodyRegistered Social ProviderHousing and community amenities The Priory, Canaan Lane, Edinburgh, Scotland, EH10 4SGContact name, email, phone Published organisation website ↗

Dispute resolution & review bodies

  • Edinburgh Sheriff CourtReview body Edinburgh

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

  • Economic and financial selection criteriatenderEconomic and financial selection criteria
  • Technical selection criteriatenderTechnical selection criteria