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Published 9 Nov 2022, 14:05 GMT

Official UK procurement notice

Financial Instruments Framework · UK public procurement notice

Official notice

Authority: National Audit Office (Central government)

Framework agreementServicesOpen procedureSME suitable
Framework ceiling (notional)£2,400,000framework ceiling, not attributable revenue
Submissions closed 9 Dec 2022awarded 1 Feb 2023
Framework period 4 yrsends 29 Jan 2027 · starts 1 Feb 2023

What is being bought

Published requirement description

The National Audit Office (NAO) has awarded a place to multiple suppliers onto a Financial Instrument Framework to provide Financial Instrument Services for the provision of specialist advice, training and expertise to support the NAO audits sector this could include (but not limited to): 1.External expertise to support NAO audit teams 2.Delivery of financial instrument specific training 3.Ad-hoc technical accounting, advisory and project support

CPV: Accounting and auditing services · Financial auditing services · Financial consultancy services · Specialist training services · Statutory audit services · Technical training services

How this framework works

From the published notice
Bids received
4 bids received · 4 suppliers appointed
Framework period
4 yrs from 1 Feb 2023

The lotProcurement structure

single lot · value published
Lot #1The National Audit Office has awarded a place to multiple suppliers onto a Financial…Awarded 4 yrsPublished value£2,400,000

The National Audit Office has awarded a place to multiple suppliers onto a Financial Instrument Framework to provide Financial Instrument Services for the provision of specialist advice, training and expertise to support the NAO audits sector.

Contract period: 1 Feb 2023 – 29 Jan 2027 (4 yrs)
Delivery: UK, London · UNITED KINGDOM
Variant bids: not allowed

What it takes to win
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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 more
How bids were scored
Quality: 60%Price: 40%
Published sub-criteria (2)
  • Criterion 1: 60%
  • Criterion 1: 40%
Published award criteria (2)
  • Criterion 1: 60
  • Criterion 1: 40
What this means for your bid
  • Price carries 40 of 100 points: a 10% discount moves about 4 points. The method statement decides this lot, not the discount.
  • “Financial Instruments Framework” is a framework: 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 · publisher note attached
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
Framework agreement
Who may use this agreement
Not stated in the notice; call-off rights may be limited to the establishing authority
Competition type
Competitive procedure
GPA / WTO covered
Unspecified in notice
Recurring procurement
No (one-off requirement)
First published
9 Nov 2022, 14:05 GMT
Last source update
17 Apr 2023, 12:04 BST
Award evaluation window
9 Dec 2022 – …
FTS notice number
2023/S 000-010939
Classification (CPV)
Accounting and auditing servicesFinancial auditing servicesFinancial consultancy servicesSpecialist training servicesStatutory audit servicesTechnical training services
Delivery area
UKLondon (UKI)
Official registry OCID
ocds-h6vhtk-038075 Find a Tender

Publisher note: To view this notice, please click here: <a href="https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=774022277" target="_blank">https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=774022277</a> GO Reference: GO-2023417-PRO-22559965

How it was run

Official notice
Run through: Delta eSourcing · Who buys & how to bid on Delta
Public notice page · account needed to bidLanguage: EN
Access & registration note: Free Select account; no DUNS asked at signup

Tender documents are also served through a separate tool: https://www.delta-esourcing.com/respond/8BB7SQ322F ↗

Appointment period ends
9 Dec 2022, 12:00 GMT
Submission channel
{"electronicSubmission","written"}
Accepted languages
en
Bids opened
9 Dec 2022, 13:00 GMT
Detailed submission instructions & authority contactsFrom official release

Timeline

9 Dec 2022 → 17 Apr 2023 · 4 dates
  1. Admission / appointment period endsperiod end, not a bid countdown
    9 Dec 2022, 12:00 GMT
  2. Bids opened
    9 Dec 2022, 13:00 GMT
  3. Contract starts
    1 Feb 2023
  4. Notice published
    17 Apr 2023, 12:04 BST

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    17 Apr 2023, 12:04 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Suppliers appointed 4admitted to the panel · see the list ↓
Bids received 44 from SMEs
Contracts signed 1latest 1 Feb 2023

1 suppliers are admitted to this framework without individual award values or dates, see the supplier list below.

Contracts

  • Contract 010939-2023-1

    Signed
    1 Feb 2023
    Value
    £2,666,000
    Period
    … – 29 Jan 2027
    Status
    active

Bid statistics published by the authority

BidsSMEVCSEValid bid range
4bids · 4 electronic4——

Contracting authority & participating public bodies

National Audit Office

Contracting authorityCentral GovernmentBody governed by public lawGeneral public services 157-197 Buckingham Palace Road, Victoria, UK, SW1W 9SPContact email, phone Published organisation website ↗

Framework contractors & participating bidders

4 commercial parties on the notice
  • Deloitte LLPFramework contractorOC303675 1, New Street Square, London, UK, EC4A 3HQ
  • Ernst & Young LLPFramework contractorOC300001 1 More London Place, London, UK, SE1 2AF
  • Mazars LLPFramework contractorOC308299 30 Old Bailey, London, UK, EC4M 7AU
  • PricewaterhouseCoopers LLPFramework contractorOC303525 1 Embankment Place, London, UK, WC2N 6RH

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.