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Official procurement procedure

External Audit Services

Auditing services
Financial auditing services
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: University of Hertfordshire Education Corporation: "External Audit Services". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityUniversity of Hertfordshire Education CorporationScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: University of Hertfordshire Education Corporation
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for University of Hertfordshire Education Corporation. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
2.5Bids / Report
50% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 2 active published awards; 2 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published14 Feb 2024, 09:25 GMT
Last source update14 Feb 2024, 09:25 GMT
Recurring procurementNot published
ClassificationAuditing services, Financial auditing services
OCIDocds-h6vhtk-040f1d
What is being bought
The 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.
What changed
From the official release history
  1. Status changed to complete
    14 Feb 2024, 09:25 GMT
  2. Official notice release published
    14 Feb 2024, 09:25 GMT
  3. tender value changed
    26 Oct 2023, 12:20 BST
  4. Status changed to published status
    26 Oct 2023, 12:20 BST
  5. Official notice release published
    26 Oct 2023, 12:20 BST
  6. Submission deadline changed to published date
    26 Oct 2023, 12:20 BST
  7. Published value updated to £1,040,000
    26 Oct 2023, 09:59 BST
  8. Status changed to active
    26 Oct 2023, 09:59 BST
  9. Official notice release published
    26 Oct 2023, 09:59 BST
  10. Submission deadline changed to 8 Dec 2023, 12:00 GMT
    26 Oct 2023, 09:59 BST
  11. Buyer information updated
    26 Oct 2023, 09:59 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    The 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 and respond positively to any further developments in this area. A proactive approach to providing information and support to the University is required.This contract is for a five year period with an option to extend by an additional year.All other information as per the invitation to tender documents.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    14 Feb 2024, 09:25 GMT
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 14 Feb 2024, 00:00 GMT · £1,487,610
Commercial outcome and competition
Awards
Buzzacott LLP
Not published · Not published · active
Contracts
External Audit Services
£1,487,610 · signed 14 Feb 2024, 00:00 GMT · active
Bid statistics
bids: 1 (lot 1)
electronicBids: 1 (lot 1)
foreignBidsFromEU: 0 (lot 1)
foreignBidsFromNonEU: 0 (lot 1)
smeBids: 0 (lot 1)
Buyer and organisations in this procedure

University of Hertfordshire Education Corporation

Contracting authority GB-FTS-73439
View buyer profile
  • University of Hertfordshire Education Corporation
    buyer

    MacLaurin Building, 4 Bishops Square, Hatfield, UKH23, AL10 8NE
  • Buzzacott LLP
    supplier

    130 Wood Street, London, UKI, EC2V 6DL
  • Crown Commercial Services
    reviewBody

    Liverpool
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published