Official UK procurement notice
External Audit Services · UK public procurement notice
Authority: LONDON LGPS CIV LIMITED (Public body)·Consortium: 2 public authorities
What is being bought
Published requirement descriptionLondon CIV is authorised as an Alternative Investment Fund Manager (AIFM) and had £15.9 billion of assets under management as of 31 December 2023. In support of London CIV's strategic objectives, London CIV is seeking to appoint an independent auditor. The entities included in the tender are London LGPS CIV Ltd, 18 active funds and 2 closed funds structured under an Authorised Contractual Scheme (ACS) and 6 private market funds.
CPV: Pension investment services
The lotProcurement structure
single lot · value publishedLot #1Specific services will include, but will not be limited to:Published value£2,000,000
Specific services will include, but will not be limited to:
- Providing annual statutory and fund audits for London CIV as the AIFM and all its funds prepared in accordance with United Kingdom Generally Accepted Accounting Practice and the Companies Act 2006, Investment Association SORP or other applicable financial reporting and regulatory framework;
- reporting to management, the Compliance, Audit & Risk (CARCO) Committee and the Board including attendance at meetings as appropriate in accordance with best practice;
- CASS assurance audit - we do not currently hold any client money or assets ,
- Rates clearances on fund audits prior to year-end distribution payment.
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).
- Technical & professional ability
Supplier must be an FCA approved auditor
- Staff
- Names and qualifications of delivery staff must be submitted
- Shortlisting
- ITN document may be obtained on request via email to [email protected]
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
- Unspecified in notice
- First published
- 28 Mar 2024, 11:35 GMT
- Last source update
- 2 Oct 2024, 20:49 BST
- Award evaluation window
- 1 Oct 2024 – …
- FTS notice number
2024/S 000-031617- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-044e1dFind a Tender
- Electronic trading
- e-invoicing allowed
How it was run
Official notice- Submission deadline
- 30 Apr 2024, 17:00 BST
- Submission channel
- {"written"}
- Accepted languages
- en
Timeline
30 Apr 2024 → 2 Oct 2024 · 2 dates- Submission deadline30 Apr 2024, 17:00 BST
- Notice published2 Oct 2024, 20:49 BST
Notice history
2 events · 2 releases on Find a Tender · since 2 Oct 2024- Status changed to complete2 Oct 2024, 20:49 BST
- Buyer details updated2 Oct 2024, 20:49 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Grant Thornton UK Advisory & Tax LLP | £2,000,000 † | — | Awarded |
Contracts
Contract 031617-2024-1 · Grant Thornton UK Advisory & Tax LLP
- Signed
- date not published
- Value
- £2,000,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 3bids · 3 electronic | 0 | — | — |
Contracting authority & participating public bodies
2 public bodies on the noticeBidders & participating suppliers
1 commercial party on the notice- Grant Thornton UK LLPAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.