Official UK procurement notice
Internal Audit · Deloitte for LOCAL PENSIONS PARTNERSHIP INVESTMENTS LTD (Apr 2022)
Authority: LOCAL PENSIONS PARTNERSHIP INVESTMENTS LTD (Public body)
What is being bought
Published requirement descriptionThe FCA authorised and regulated asset management firm Local Pensions Partnership Investments Ltd seeks to award a contract for Internal Audit and Assurance under Lot 1 of the Crown Commercial Service's Audit and Assurance Services Framework Agreement RM6188.
The service shall cover all aspects of internal audit to provide independent and objective assurance and consulting activity on the effectiveness of governance, risk management and controls in line with applicable standards.
The Supplier to Local Pensions Partnership Investments Ltd will provide:
- Assurance on governance, risk management and controls including but not limited to IT, finance, commercial, human resources, facilities management, policy development and operations
- Advice and guidance on internal audit
- Development of internal audit strategy and methodologies
- Outsourced internal audit services
- Specialist services covering Finance including treasury management
CPV: Internal audit services
The lotProcurement structure
single lot · no lot value publishedLot #1Awarded
Procedure terms & legal framework
From the official record- Procedure method
- Award procedure without prior publication of a call for competition
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded without competition
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Direct award (no call for competition)
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- Unspecified in notice
- First published
- 29 Apr 2022, 16:49 BST
- Last source update
- 29 Apr 2022, 16:49 BST
- FTS notice number
2022/S 000-011252- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-033291Find a Tender
- Why no open competition
- The procurement falls outside the scope of application of the directive
- Published justification
In accordance with the process detailed in framework schedule 7, LPPI Ltd is making a direct award to Deloitte LLP to provide Internal Audit and Assurance under Lot 1 of the Crown Commercial Service (CCS) Audit and Assurance Services Framework Agreement RM6188. The service shall cover all aspects of internal audit to provide independent and objective assurance and consulting activity on the effectiveness of governance, risk management and controls in line with applicable standards. The Direct Award is made on the basis that the Buyer has determined that the deliverables can be met by Deloitte LLP as set out in Framework schedule 1 and Framework schedule 2. The Buyer's statement of requirements was assessed against the Suppliers' catalogues and it was established that the from the Suppliers assessed as able to provide the services, the most economically advantageous solution was provided by Deloitte LLP.
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Deloitte | £450,000 † | — | Awarded |
Contracts
Contract 011252-2022-1 · Deloitte
- Signed
- 29 Apr 2022
- Value
- £450,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 1bids | — | — | — |
Contracting authority & participating public bodies
Bidders & participating suppliers
1 commercial party on the notice- Deloitte LLPAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.