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ClosedFind a Tender · tender

External Audit Services

Buyer: Coventry University →

BuyerCoventry University
StatusClosed
Deadline12 Oct 2023
Value£550,000
Published4 Sept 2023

What is being bought

Coventry University is inviting tenders from firms of auditors to provide us with a comprehensive external audit service for a period of five years with the option for an additional two year extension. Contract extension is subject to satisfactory contract performance reviews. The firm appointed must satisfy the criteria for eligibility as external auditors of Higher Education Institutions as set out in the OfS accounts direction, including being Listed on the register of Statutory Auditors and in respect of any audits of registered companies to which they may be appointed, must satisfy the relevant requirements of the Companies Act 2006.Coventry University regards the following as key requirements in meeting its needs:• maintaining a high degree of continuity of staff involved from the appointed firm as very desirable, especially senior levels i.e. the partner and manager, but also with the audit staff;• thorough knowledge of UK Higher Education sector finance practice

Delivery location

UKG33

Categories

Auditing services 79212000Auditing services 79212000

Lot details

Lot 1

Coventry University is inviting tenders from firms of auditors to provide us with a comprehensive external audit service for a period of five years with the option for an additional two year extension. Contract extension is subject to satisfactory contract performance reviews. The firm appointed must satisfy the criteria for eligibility as external auditors of Higher Education Institutions as set out in the OfS accounts direction, including being Listed on the register of Statutory Auditors and in respect of any audits of registered companies to which they may be appointed, must satisfy the relevant requirements of the Companies Act 2006.Coventry University regards the following as key requirements in meeting its needs:• maintaining a high degree of continuity of staff involved from the appointed firm as very desirable, especially senior levels i.e. the partner and manager, but also with the audit staff;• thorough knowledge of UK Higher Education sector finance practiceawareness of current strategic issues and challenges that face the HE sector.• ability to respond dynamically to the challenges presented by the complexity of Coventry University group.

Statusactive
Value£550,000

What is included

ItemCategoryQuantity
1Auditing servicesNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 79. The category anchor is Auditing services (79212000); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 7913,7404 median · 30.9 average (5,804 of 13,740 with a bid count)3.2 average (6,508 of 13,740 with named award suppliers)1 comparable price pairs
Same buyer41 median · 1 average (2 of 4 with a bid count)1 average (3 of 4 with named award suppliers)Not published
Delivery region: UKG33436.5 median · 18.9 average (18 of 43 with a bid count)1.7 average (19 of 43 with named award suppliers)Not published
Similar published value (0.5×–2×)1,0667 median · 7.6 average (21 of 1,066 with a bid count)1.3 average (21 of 1,066 with named award suppliers)Not published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNo
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byGPA
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Documents & submission route

No documents are published in the current source record.

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-03f9cc
Latest release ID026084-2023
Latest release timestampMon Sep 04 2023 14:14:49 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statusactive
Procurement methodopen
Procurement method detailsOpen procedure
Main procurement categoryservices
Above thresholdNot published
Legal basis32014L0024
Tender period: startNot published
Tender period: end2023-10-12T12:00:00+01:00
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: start2023-10-12T12:01:00+01:00
Award period: endNot published
Submission method detailsNot published
Submission languagesen
Electronic catalogue policyNot published
Total tender value£550,000
Tender lots in source1
Tender items in source1
Tender documents in source0
Awards in latest release0
Contracts in latest release0
Parties in latest release2

Notice history

DateEventReference
4 Sept 2023tender026084-2023

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
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    "id": "GB-FTS-22493",
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        "status": "active",
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        "description": "Coventry University is inviting tenders from firms of auditors to provide us with a comprehensive external audit service for a period of five years with the option for an additional two year extension.  Contract extension is subject to satisfactory contract performance reviews.  The firm appointed must satisfy the criteria for eligibility as external auditors of Higher Education Institutions as set out in the OfS accounts direction, including being Listed on the register of Statutory Auditors and in respect of any audits of registered companies to which they may be appointed, must satisfy the relevant requirements of the Companies Act 2006.Coventry University regards the following as key requirements in meeting its needs:•\tmaintaining a high degree of continuity of staff involved from the appointed firm as very desirable, especially senior levels i.e. the partner and manager, but also with the audit staff;•\tthorough knowledge of UK Higher Education sector finance practiceawareness of current strategic issues and challenges that face the HE sector.•\tability to respond dynamically to the challenges presented by the complexity of Coventry University group.",
        "contractPeriod": {
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    }
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  "language": "en",
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}
Complete JSON history (1 releases)
4 Sept 2023 · 026084-2023 · tender
{
  "id": "026084-2023",
  "tag": [
    "tender"
  ],
  "date": "2023-09-04T15:14:49+01:00",
  "ocid": "ocds-h6vhtk-03f9cc",
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    "id": "GB-FTS-22493",
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