Official UK procurement notice
External Audit Services · UK public procurement notice
Authority: University of Lincoln (Education)
What is being bought
Published requirement descriptionThis is a Contract Details Notice for the University of Lincoln External Audit Services. The core services provided under the External Audit Contract in summary include, the provision of a statutory audit of the Group financial statements, the provision of a statutory audit of the University's main subsidiary company, producing an audit findings report, and the auditing of a pension scheme and loan agreements.
The University has awarded HaysMac LLP a 3 year contract with the option of 2 x 12 month extension periods.
CPV: Auditing services · Financial auditing services
How this dynamic market works
From the published notice- Type
- Dynamic market
- Bids received
- 5 bids received · 1 suppliers appointed
- Market period
- 3 yrs · up to 5 yrs from 1 Mar 2026
The lotProcurement structure
single lot · value publishedLot #1AwardedRenewalPublished value£800,000
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 (3)
- Method Statement Evaluation: 35%
- Presentation Evaluation: 35%
- Price Evaluation: 30%
Published award criteria (3)
- Price Evaluation
- Method Statement Evaluation
- Presentation Evaluation
- Price carries 30 of 100 points: a 10% discount moves about 3 points. The method statement decides this lot, not the discount.
- “External Audit Services” is a dynamic market: the contest is a place on its panel, not a single contract.
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
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Above threshold (FTS publication)
- Regulatory regime
- Standard
- Commercial structure
- Dynamic market
- Who may use this agreement
- Any qualifying supplier may apply while the market is open
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- Unspecified in notice
- First published
- 8 May 2025, 14:05 BST
- Last source update
- 6 Mar 2026, 11:02 GMT
- Award evaluation window
- Submission end – 28 Jan 2026
- Authority reference
460- FTS notice number
2025/S 000-060086- Latest notice
- Contract details notice (UK7)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-050ed7Find a Tender
- Risks
The University may establish new subsidiary companies and spin outs during the life of the contract that may impact the audit work that needs to be undertaken.
How it was run
Official notice- Admission period ends
- 30 Oct 2025, 11:00 GMT
- Clarification deadline
- 30 Oct 2025, 11:00 GMT
- Submission channel
- Official e-sourcing portal
- Electronic submission
- Allowed
- Accepted languages
- en
To respond to this opportunity, please click here: neupc.delta-esourcing.com/respond/297TR5M75P ↗
Timeline
8 May 2025 → 6 Mar 2026 · 10 dates- Planning notice published8 May 2025, 14:05 BST
- Market engagement29 May 2025, 00:59 BST
The University of Lincoln is seeking to engage with the external audit supply market and to further understand the experience, credentials, resources and capacity of suppliers. Interested suppliers are encouraged to complete and return a supporting questionnaire. There is also the opportunity for further engagement sessions with the University which will follow on and further discuss the returned questionnaires.
Depending on the volume of interest, if a significant number of responses is received, the University will offer the engagement sessions to a cross section of suppliers, with a maximum of 5 engagement sessions being undertaken.
- Tender notice published391 days ago26 Sept 2025, 11:46 BST
- Clarification questions by357 days ago30 Oct 2025, 11:00 GMT
- Admission / appointment period ends357 days ago · period end, not a bid countdown30 Oct 2025, 11:00 GMT
- Award decision expected by266 days ago28 Jan 2026, 23:59 GMT
- Assessment summaries sent266 days ago29 Jan 2026
- Standstill ends254 days ago9 Feb 2026, 23:59 GMT
- Contract starts235 days ago1 Mar 2026
- Latest notice published230 days ago6 Mar 2026, 11:02 GMT
Notice history
9 events · 4 releases on Find a Tender · since 8 May 2025- Preliminary market engagement notice published8 May 2025, 14:05 BSTUK2
- Tender notice published26 Sept 2025, 11:46 BSTUK4
- Status changed to active26 Sept 2025, 11:46 BST
- Procurement method changed26 Sept 2025, 11:46 BST
- Deadline published: 30 Oct 2025, 11:00 GMT26 Sept 2025, 11:46 BST
- Contract award notice published29 Jan 2026, 14:05 GMTUK6
- Status changed to complete29 Jan 2026, 14:05 GMT
- Contract signature expected26 Feb 2026, 23:59 GMTscheduled
- Contract details notice published6 Mar 2026, 11:02 GMTUK7
Routine re-releases (4)
- 2025-05: 1 release · 8 May 2025
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Haysmac LLPSMEExternal Audit Service1 Mar 2026 – 28 Feb 2029 · up to 28 Feb 2031Extensions: There are 2 x 12 month extension options available. | £570,000 inc. VAT | 29 Jan 2026 | Awarded |
Contracts
Contract 1 · Haysmac LLPSME
- Signed
- 20 Feb 2026
- Value
- £570,000 inc. VAT
- Period
- 1 Mar 2026 – 28 Feb 2029 · up to 28 Feb 2031 with extensions
- Status
- active
- Extensions
- There are 2 x 12 month extension options available.
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 5final-stage tenders · 6 at stage one | 2 | 0 | — |
Contracting authority & participating public bodies
Suppliers admitted to the dynamic market
1 commercial party on the notice- HaysMac LLPAdmitted to the market
Official documents & specifications (4)
Official links; attachments are not copiedNotices published for this procedure
- Contract details notice Contract details notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Tender notice Tender notice on Find a Tender
- Preliminary market engagement notice Preliminary market engagement notice on Find a Tender