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Official procurement procedure

LU00828 - Provision of External Audit Services

Accounting and auditing services
Accounting
auditing and fiscal services
+2 more
East Midlands (UKF2)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Loughborough University: "LU00828 - Provision of External Audit Services". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityLoughborough UniversityScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: Loughborough University
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for Loughborough University. 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
9.5Bids / Report
4.3% 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: 25 active published awards; 23 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 Unpublished data stays unknown.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 AuthorityLoughborough University
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
Published11 May 2023, 10:05 BST
Last source update11 May 2023, 10:05 BST
Recurring procurementNot published
ClassificationAccounting and auditing services, Accounting, auditing and fiscal services, Auditing services, Financial auditing services
Delivery area
East Midlands (UKF2)
OCIDocds-h6vhtk-03926c
What is being bought
Provision of External Audit Service
What changed
From the official release history
  1. tender value changed
    11 May 2023, 10:05 BST
  2. Status changed to complete
    11 May 2023, 10:05 BST
  3. Official notice release published
    11 May 2023, 10:05 BST
  4. Submission deadline changed to published date
    11 May 2023, 10:05 BST
  5. Published value updated to £750,000
    19 Dec 2022, 14:05 GMT
  6. Status changed to active
    19 Dec 2022, 14:05 GMT
  7. Official notice release published
    19 Dec 2022, 14:05 GMT
  8. Submission deadline changed to 31 Jan 2023, 12:00 GMT
    19 Dec 2022, 14:05 GMT
  9. Buyer information updated
    19 Dec 2022, 14:05 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    You are invited to tender for the provision of an External Audit Service to Loughborough University. The Contract will be for an initial 5-year period with an option to extend for a further period of up to 24 months, up to a maximum contract length of seven years. The contract will be reviewed following delivery of audit services on an annual basis. Any contract extension will be dependent on satisfactory supplier performance, continued business need and availability of funding and is in any case awarded at the sole discretion of the University. The University’s requirements can be found in Section 3 of this ITT. This Invitation to Tender is following the open procedure under PCR2015 The resulting contract will not be divided into Lots and the University is seeking a single supplier to undertake all requirements. Additional information: To respond to this opportunity please click here: https://www.delta-esourcing.com/respond/C5MY26EDE2
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    11 May 2023, 10:05 BST
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 4 Apr 2023, 00:00 BST · £1,598,080
Commercial outcome and competition
Awards
KPMG LLP
Not published · Not published · active
Contracts
Contract
£1,598,080 · signed 4 Apr 2023, 00:00 BST · active
Bid statistics
bids: 2 (lot 1)
electronicBids: 2 (lot 1)
Buyer and organisations in this procedure

Loughborough University

Contracting authority GB-FTS-2842
View buyer profile

  • Loughborough University
    buyer
    reviewBody

    Epinal Way, Loughborough, UKF2, LE11 3TU
    h.dakri@lboro.ac.uk
    +44 1509228186

  • KPMG LLP
    supplier

    OC301540
    15 Canada Square, London, UKI, E14 5GL
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published