Official UK procurement notice
Invitation to tender for the Provision of Quality Monitoring Services
Authority: Wales Audit Office (Public body)
What is being bought
Published requirement descriptionThe following core services will be provided by the prospective supplier:
- one cold file review per audit of accounts director for each year of the contract (if let) (ordinarily four to five reviews per annum), to include emphasis both on compliance with standards and on audit efficiency;
- one cold file review per performance audit director for each year of the contract (if let) (ordinarily three reviews per annum), to include emphasis both on compliance with standards, audit efficiency and impact;
- review of the system of quality management under ISQM 1;
- advice on good practice and cutting-edge developments in audit methodology and quality.
- Recurrence: Every 6 years
CPV: System quality assurance assessment and review services
The lotProcurement structure
single lot · no lot value publishedLot #1The Wales Audit Office is seeking to appoint a supplier to provide quality monitoring…AwardedRenewal
The Wales Audit Office is seeking to appoint a supplier to provide quality monitoring services in respect of the accounts with effect from 2021-22 audit year and performance audit work over the period of the contract.
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 (4)
- Evidence of your organisations experience of undertaking cold file reviews of audits carried out in accordance with International Standards: 30%
- Evidence of your organisation’s experience of undertaking whole of firm review work, in accordance with ISQM 1 and ISQC 1: 20%
- Detail of your organisation’s experience of providing training support on audit quality issues: 10%
- price: 30%
Published award criteria (4)
- Evidence of your organisations experience of undertaking cold file reviews of audits carried out in accordance with International Standards: 30
- Evidence of your organisation’s experience of undertaking whole of firm review work, in accordance with ISQM 1 and ISQC 1: 20
- Detail of your organisation’s experience of providing training support on audit quality issues: 10
- Price: 30
- Suitability
To participate in this procurement prospective suppliers must have significant professional standing and substantial experience of reviewing the quality of audit work in professional audit firms or other organisations, for example as a UK Recognised Supervisory Body (or a division of such a body) under Schedule 10 of the Companies Act 2006. Potential suppliers who are not able to satisfy this criterion will not be considered further as part of the evaluation process.
- Technical & professional ability
To participate in this procurement prospective suppliers must have significant professional standing and substantial experience of reviewing the quality of audit work in professional audit firms or other organisations, for example as a UK Recognised Supervisory Body (or a division of such a body) under Schedule 10 of the Companies Act 2006. Potential suppliers who are not able to satisfy this criterion will not be considered further as part of the evaluation process.
- Price carries 30 of 90 points: a 10% discount moves about 3 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
- 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
- Yes · Every 6 years
- First published
- 24 Oct 2022, 16:25 BST
- Last source update
- 3 Jan 2023, 10:07 GMT
- Award evaluation window
- 29 Nov 2022 – …
- FTS notice number
2023/S 000-000021- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-037bb9Find a Tender
- Electronic trading
- electronic ordering · electronic payment
Publisher note: (WA Ref:127817)
How it was run
Official notice- Submission deadline
- 29 Nov 2022, 14:00 GMT
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en, cy
- Bid validity
- 90 days from the deadline
- Bids opened
- 29 Nov 2022, 14:00 GMT
Timeline
29 Nov 2022 → 3 Jan 2023 · 3 dates- Submission deadline29 Nov 2022, 14:00 GMT
- Bids opened29 Nov 2022, 14:00 GMT
- Notice published3 Jan 2023, 10:07 GMT
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete3 Jan 2023, 10:07 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| ICAEWSME | £300,000 † | — | Awarded |
Contracts
Contract 000021-2023-1 · ICAEWSME
- Signed
- 12 Dec 2022
- Value
- £300,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 1bids · 1 electronic · 1 from abroad | 1 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High CourtReview body
Bidders & participating suppliers
1 commercial party on the notice- ICAEWAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria