Official UK procurement notice
Internal Audit provision · UK public procurement notice
Authority: University of South Wales (Education)
What is being bought
Published requirement descriptionInternal Audit provision to the University of South Wales.
The University of South Wales is a Higher Education Corporation under the 1988 Education Reform Act, which has had University status and degree awarding powers following the Higher & Further Education Act 1992. The University has over 20,000 students and nearly 2,000 staff. There are three academic faculties covering a wide range of subjects currently spread across three main teaching campuses in Pontypridd, Newport and Cardiff. The University has two wholly owned subsidiary colleges in the Royal Welsh College of Music & Drama and The College Merthyr Tydfil. In addition, the University has a research facility in Baglan and a Sports Park in Treforest. The University and both colleges are registered charities.
Further information about the University is available at: www.southwales.ac.uk ↗
The University of South Wales is seeking to appoint internal auditors for up to a maximum of five years (three years in the first instance with the option of up to two one year extensions) with effect from 1 August 2023. The appointment would be subject to the continued satisfactory performance by the successful service provider.
The University requires the successful service provider to deliver an internal audit service including the development, implementation and review of an internal audit programme throughout the contract term. The internal audit programme will be developed in conjunction with the University’s management team and approved by the University’s Audit Committee. The successful service provider may also be required to carry out value for money studies and facilitate the yearly review of effectiveness of the Audit Committee, and provide training to members as required.
The number of audit days varies each year, but c. 125 is an indicative combined figure for the University and subsidiary colleges.
Submissions will be evaluated against key criteria as detailed in the ITT document.
CPV: Financial auditing services · Internal audit services
The lotProcurement structure
single lot · no lot value publishedLot #1The University of South Wales is a Higher Education Corporation under the 1988…Renewal
The University of South Wales is a Higher Education Corporation under the 1988 Education Reform Act, which has had University status and degree awarding powers following the Higher & Further Education Act 1992. The University has over 20,000 students and nearly 2,000 staff. There are three academic faculties covering a wide range of subjects currently spread across three main teaching campuses in Pontypridd, Newport and Cardiff. The University has two wholly owned subsidiary colleges in the Royal Welsh College of Music & Drama and The College Merthyr Tydfil. In addition, the University has a research facility in Baglan and a Sports Park in Treforest. The University and both colleges are registered charities.
Further information about the University is available at: www.southwales.ac.uk ↗
The University of South Wales is seeking to appoint internal auditors for up to a maximum of five years (three years in the first instance with the option of up to two one year extensions) with effect from 1 August 2023. The appointment would be subject to the continued satisfactory performance by the successful service provider.
The University requires the successful service provider to deliver an internal audit service including the development, implementation and review of an internal audit programme throughout the contract term. The internal audit programme will be developed in conjunction with the University’s management team and approved by the University’s Audit Committee. The successful service provider may also be required to carry out value for money studies and facilitate the yearly review of effectiveness of the Audit Committee, and provide training to members as required.
The number of audit days varies each year, but c. 125 is an indicative combined figure for the University and subsidiary colleges.
Submissions will be evaluated against key criteria, as detailed in the ITT.
Shortlisted companies will be asked to present to a University panel on 26th April 2023. Further information on the content of the presentation will be provided in due course. Additional information: Publication of the ITT notice is 29th March 2023.
Queries in relation to the services required should be asked via the Q & A function to this notice. The closing date for queries is midday, Monday 10th April 2023
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 (7)
- Quality of the audit process: 20%
- Relationship Management: 10%
- Community Benefits: 10%
- Interview/Presentations: 15%
- Terms & Conditions: 5%
- price: 20%
- Demonstrable knowledge of the HE & FE sector & business and risk environment: 20%
Published award criteria (7)
- Quality of the audit process: 20
- Demonstrable knowledge of the HE & FE sector & business and risk environment: 20
- Relationship Management: 10
- Community Benefits: 10
- Interview/Presentations: 15
- Terms & Conditions: 5
- Price: 20
- Economic & financial standing
See SPD document
- Technical & professional ability
See SPD Document
- Technical & professional ability
HEFCW Financial Management Code
132. Consequently each institution must have an internal audit function which complies with the Public Sector Internal Audit Standards or successor standards. Internal audit terms of reference must make clear that its scope encompasses all the institution’s activities, the whole of its risk management, control and governance, and any aspect of VFM delivery.
133. The internal audit function must be adequately resourced; that is, the internal audit function must be able to audit all key risk areas within a reasonable timeframe, with each individual audit being afforded sufficient time to allow adequate work to be undertaken. www.gov.uk/government/publicati… ↗
- Staff
- Names and qualifications of delivery staff must be submitted
- Price carries 20 of 100 points: a 10% discount moves about 2 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 · publisher note attached- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Closed
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 16 Feb 2023, 15:55 GMT
- Last source update
- 29 Mar 2023, 12:59 BST
- Award evaluation window
- 17 Apr 2023 – …
- Authority reference
1789- FTS notice number
2023/S 000-009141- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-03a646Find a Tender
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
Publisher note: NOTE: To register your interest in this notice and obtain any additional information please visit the Sell2Wales Web Site at https://www.sell2wales.gov.wales/Search/Search_Switch.aspx?ID=130349. The buyer has indicated that it will accept electronic responses to this notice via the Postbox facility. A user guide is available at https://www.sell2wales.gov.wales/sitehelp/help_guides.aspx. Suppliers are advised to allow adequate time for uploading documents and to dispatch the electronic response well in advance of the closing time to avoid any last minute problems. Under the terms of this contract the successful supplier(s) will be required to deliver Community Benefits in support of the authority’s economic and social objectives. Accordingly, contract performance conditions may relate in particular to social and environmental considerations. The Community Benefits included in this contract are: See ITT for specifics (WA Ref:130349)
How it was run
Official noticeTender documents are also served through a separate tool: https://www.sell2wales.gov.wales/ ↗
- Submission deadline
- 17 Apr 2023, 12:00 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en, cy
- Bid validity
- 120 days from the deadline
- Bids opened
- 17 Apr 2023, 12:00 BST
Timeline
27 Mar 2023 → 17 Apr 2023 · 4 dates- Next notice expected27 Mar 2023, 00:00 BST
- Notice published29 Mar 2023, 12:59 BST
- Submission deadline17 Apr 2023, 12:00 BST
- Bids opened17 Apr 2023, 12:00 BST
Notice history
3 events · 2 releases on Find a Tender · since 29 Mar 2023- Status changed to active29 Mar 2023, 12:59 BST
- Procurement method changed29 Mar 2023, 12:59 BST
- Deadline published: 17 Apr 2023, 12:00 BST29 Mar 2023, 12:59 BST
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High CourtReview body
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.