Official UK procurement notice
Financial Audit Services · UK public procurement notice
Authority: SEVERN TRENT WATER LIMITED (Public body)
What is being bought
Published requirement descriptionSevern Trent Plc's current auditor will cease providing services following the audit for the year ending 31 March 2025. This appointment is for the audit of the financial statements for the year ending 31 March 2026.
CPV: Financial auditing services · Statutory audit services
The lotProcurement structure
single lot · value publishedLot #1This appointment is for the audit of the financial statements for the year ending 31…AwardedPublished value£7,000,000
This appointment is for the audit of the financial statements for the year ending 31 March 2026.
The appointment is for an **initial 5-year term with options to extend for **5 x 12 month periods.
**The appointment of the auditor is subject to annual re-appointment at the company AGM.
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 award criteria (2)
- quality: 60
- Price: 40
- 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
- Negotiated procedure with prior call for competition
- Legal basis
- CELEX · 32014L0025 Utilities Contracts Regulations 2016 (Directive 2014/25/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
- 24 Jul 2023, 13:59 BST
- Last source update
- 6 Nov 2023, 10:32 GMT
- FTS notice number
2023/S 000-032727- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-03e4c1Find a Tender
How it was run
Official notice- Submission deadline
- 26 Aug 2023, 15:00 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
Timeline
26 Aug 2023 → 6 Nov 2023 · 2 dates- Submission deadline26 Aug 2023, 15:00 BST
- Notice published6 Nov 2023, 10:32 GMT
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete6 Nov 2023, 10:32 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| PricewaterhouseCoopers LLP | — | — | Awarded |
Contracts
Contract 032727-2023-1 · PricewaterhouseCoopers LLP
- Signed
- 6 Nov 2023
- Value
- —
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 3bids | — | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Severn TrentReview body
Bidders & participating suppliers
1 commercial party on the notice- PricewaterhouseCoopers LLPAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.