Official UK procurement notice
External Audit Services · UK public procurement notice
Authority: University of Hertfordshire Education Corporation (Education)
What is being bought
Published requirement descriptionThe University is seeking a Contractor of external audit services who can offer a distinctive, innovative, proactive and professional approach to external audit, and one that meets all the external audit requirements of the Office for Students, Research England, the Education and Skills Funding Agency, Department for Education, Companies Acts and other relevant legislation, regulation and the UK Financial Reporting Framework. It is envisaged that the audit will comprise of an interim audit and a final audit. The Contractor will need to ensure that the service they provide meets all the requirements of the Office for Students regulatory framework. They will need to take account of any changing requirements providing assurance to the Audit and Risk Committee and the Board of Governors on the University’s corporate governance and risk management arrangements.
CPV: Auditing services · Financial auditing services
The lotProcurement structure
single lot · value publishedLot #1AwardedRenewalPublished value£1,040,000
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 (2)
- Service Provision: 60%
- price: 40%
Published award criteria (2)
- Service Provision: 60
- Price: 40
- Suitability
Knowledge of External Audit Standards:- International Standards on Auditing (ISA).- The Financial Reporting Council (FRC).- Company Law and relevant Statements of Recommended Practice (SORP).- Guidance issued by the ICAEW.
- Technical & professional ability
Execution of the service is reserved to a particular profession
- Staff
- Names and qualifications of delivery staff must be submitted
- 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- 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
- Unspecified in notice
- Recurring procurement
- No (one-off requirement)
- First published
- 26 Oct 2023, 09:59 BST
- Last source update
- 14 Feb 2024, 09:25 GMT
- Award evaluation window
- 8 Dec 2023 – …
- Authority reference
23012- FTS notice number
2024/S 000-004877- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-040f1dFind a Tender
- Performance terms
As per the invitation to tender documents
How it was run
Official noticeTender documents are also served through a separate tool: https://www.in-tendhost.co.uk/universityofhertfordshire/aspx/Home ↗
- Submission deadline
- 8 Dec 2023, 12:00 GMT
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bids opened
- 8 Dec 2023, 12:00 GMT
Timeline
8 Dec 2023 → 31 Mar 2024 · 4 dates- Submission deadline8 Dec 2023, 12:00 GMT
- Bids opened8 Dec 2023, 12:00 GMT
- Notice published14 Feb 2024, 09:25 GMT
- Bids must remain valid until31 Mar 2024, 23:59 BST
Notice history
1 event · 3 releases on Find a Tender- Status changed to complete14 Feb 2024, 09:25 GMT
Published amendments (1 · 0 deadline changes)
| When | What | Before | After | Shift |
|---|---|---|---|---|
| — | TextVI.6 | — | Add: Previous FATS reference 2022/S 000-002470 |
1 amendment published without a description.
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Buzzacott LLP | £1,487,610 † | — | Awarded |
Contracts
External Audit Services · Buzzacott LLP
- Signed
- 14 Feb 2024
- Value
- £1,487,610
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 1bids · 1 electronic | 0 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Crown Commercial ServicesReview body
Bidders & participating suppliers
1 commercial party on the notice- Buzzacott LLPAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria