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Official procurement procedure

Lower Thames Crossing (LTC) - Statutory Auditor

Statutory audit services
UK
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: National Highways Limited: "Lower Thames Crossing (LTC) - Statutory Auditor". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityNational Highways LimitedScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: National Highways Limited
Market Analytics
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Derived from OCDS awards & bid statistics
Published history for National Highways Limited. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
1.8Bids / Report
66.7% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 8 active published awards; 6 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityNational Highways Limited
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published10 Jul 2026, 15:29 BST
Last source update10 Jul 2026, 15:29 BST
Recurring procurementNot published
ClassificationStatutory audit services
Delivery area
UK
OCIDocds-h6vhtk-06c4fc
What is being bought
National Highways is intending to appoint a Statutory Auditor able to provide an audit opinion that Reg Co.’s Carve Out accounts are reliable, legally compliant, and present a true and fair view, in accordance with the Companies Act 2006 and Financial Reporting Council (FRC) auditing standards.
What changed
From the official release history
  1. Official notice release published
    10 Jul 2026, 15:29 BST
  2. Buyer information updated
    10 Jul 2026, 15:29 BST
  3. Status changed to complete
    7 Jul 2026, 11:38 BST
  4. Official notice release published
    7 Jul 2026, 11:38 BST
  5. Buyer information updated
    7 Jul 2026, 11:38 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    In the Chancellor’s November 2025 Autumn Budget, the Regulated Asset Base (RAB) model was announced as the Government’s preferred financing method for the Lower Thames Crossing (LTC) project which will involve the creation of a regulated road company (Reg Co.) that will be sold to private investors prior to a finance raise (debt) for the main construction works. Reg Co. will receive revenues from both the existing Dartford Crossing and new LTC Crossing which it will use to service its financing and repay lenders and investors. National Highways and DfT have appointed advisors to support and execute the sale process. In preparation for the sale and the preceding Vendor Due Diligence (VDD) National Highways will prepare Carve Out accounts for the financial years 2024 2025, 2025-2026 and 2026-2027 for Reg Co. and these will need to be audited.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    10 Jul 2026, 15:29 BST
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 26 Jun 2026, 00:00 BST · £291,182
Commercial outcome and competition
Awards
Menzies LLP
Not published · Not published · active
Contracts
Contract
£291,182 · signed 26 Jun 2026, 00:00 BST · active
Bid statistics
bids: 1 (lot 1)
Buyer and organisations in this procedure

National Highways Limited

Contracting authority GB-FTS-169809
View buyer profile
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
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No related procedures published