Official UK procurement notice
Internal Audit Services · TIAA Ltd for London Borough of Newham (Feb 2025)
Authority: London Borough of Newham (Local council)·Consortium: 2 public authorities
What is being bought
Published requirement descriptionThe Bidder is required to deliver twelve risk based audits to the corporate centre and directorates. A list of the 12 risk based audits will be provided after the appointment of the successful bidder, however, we reserve the right to make substitutions where required. We expect the average number of days for each audit to be approximately 20.
These audits will be carried out during 2025/26, with all final reports cleared by the Corporate Directors and being delivered to the Internal Audit Manager within 12 months after the start date of this contract. We expect that these audits will be spread throughout the year and we will work with the successful bidder to agree a suitable timetable.
CPV: Internal audit services
The lotProcurement structure
single lot · no lot value publishedLot #1The audits to be undertaken and their timing will be selected by the Council's…AwardedRenewal
The audits to be undertaken and their timing will be selected by the Council's Internal Audit Manager with a scope agreed by them and are likely to cover the following areas (please note that this list is indicative of the audits to be undertaken, but the exact audits may change during the year):
- Risk based council audits
- Financial system audits
- IT audits.
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 (3)
- Quality: 30%
- Social Value: 10%
- Price: 60%
- Price carries 60 of 100 points: a 10% discount moves about 6 points. This one is won on the number: sharpen the price before polishing the prose.
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
- 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
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 4 Feb 2025, 15:40 GMT
- Last source update
- 23 Apr 2025, 14:39 BST
- Award evaluation window
- 6 Mar 2025 – …
- Authority reference
ITTN421- FTS notice number
2025/S 000-016560- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-04db8dFind a Tender
How it was run
Official notice- Submission deadline
- 6 Mar 2025, 12:00 GMT
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bids opened
- 6 Mar 2025, 13:00 GMT
Timeline
6 Mar 2025 → 23 Apr 2025 · 3 dates- Submission deadline6 Mar 2025, 12:00 GMT
- Bids opened6 Mar 2025, 13:00 GMT
- Notice published23 Apr 2025, 14:39 BST
Notice history
2 events · 2 releases on Find a Tender · since 23 Apr 2025- Status changed to complete23 Apr 2025, 14:39 BST
- Buyer details updated23 Apr 2025, 14:39 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| TIAA LtdSME | £417,150 † | — | Awarded |
Contracts
Contract 016560-2025-1 · TIAA LtdSME
- Signed
- 1 Apr 2025
- Value
- £417,150
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 4bids | — | — | — |
Contracting authority & participating public bodies
2 public bodies on the noticeDispute resolution & review bodies
- Royal Courts of JusticeReview body
Bidders & participating suppliers
1 commercial party on the notice- TIAA LtdAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.