Official UK procurement notice
Provision of Audit Services
Authority: Wales & West Utilities Limited
What is being bought2 lots · detail below
Published requirement descriptionThe Board of WWGN Holdings (UK) Limited has decided to invite a number of audit firms to propose for: financial audit, taxation compliance and other related services; and internal audit services. WWU are looking to award a 3 year contract with the option to extend for up to 2 years (1+1). WWU would like to invite expressions of interest based on the Lots specified and for interested suppliers to answer a Pass/Fail question based on experience. Please note no further qualification or tender information will be published until the expression of interest period has closed.
- Recurrence: 5 years
CPV: Auditing services · Financial auditing services · Internal audit services
Lots and requirements (2)Procurement structure
2 lots · no lot values published · win at most 1 of themLot #1LOT ONE - External AuditRenewal
The WWU group of companies are required to prepare and file statutory Audited Financial Statements annually as at 31 March. In addition, WWU is required to prepare Consolidated Regulatory Accounts for the Regulator, Ofgem together with a number of other returns which are subject to 'Agreed Upon Procedures' performed by the statutory auditors. Several of the companies are also required to prepare Interim Financial Statements. This is a requirement of the Investors in the group.
WWU Finance plc has listed bonds in issue on the London Stock Exchange. Further issues are expected and as such experience in Capital Markets Transactions is required.
Lot #2LOT TWO - Internal AuditRenewal
Whilst WWU has an insourced internal audit function, outsourced internal audit services are also required for reasons such as requiring a specific expertise or supporting with resource capacity. It is anticipated that a minimum of five audits will be outsourced per annum, one of which for example is in respect of Special Standard Condition D10 - Connections Procedures - of WWU's Gas Transporters License.
In addition to the five audits, other assurance work (e.g. support with data analytics activity on in-house audits) may be required on an ad-hoc basis.
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).
- Suitability
Please note this sourcing event will be run via our e-sourcing procurement portal - Bravo Solution.
www.sourcing4wwu.bravosolution.co.uk ↗
Suppliers are required to be registered on WWU's Bravo portal to allow participation in this sourcing event.
Please note that there is a Pass/Fail question running in tandem with the OJEU notice.
- Legal form for consortia
- If required details will be provided in the tender documentation
- Shortlisting
- If required details will be provided in the tender documentation
- “Provision of Audit Services” is a framework: the contest is a place on its panel, not a single contract.
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Negotiated procedure with prior call for competition
- Legal basis
- CELEX · 32014L0025 Utilities Contracts Regulations 2016 (Directive 2014/25/EU)
- Procurement category
- Services
- Notice status
- Closed
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Framework agreement
- Who may use this agreement
- Not stated in the notice; call-off rights may be limited to the establishing authority
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Yes · 5 years
- First published
- 29 Jul 2021, 14:33 BST
- Last source update
- 23 Aug 2021, 16:45 BST
- Authority reference
WWU1184- FTS notice number
2021/S 000-020708- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-02ce1cFind a Tender- Contract terms summary
If required details will be provided in the tender documentation
Publisher note: Participants wanting to participate in this sourcing activity must request access to the tender documents by e-mailing [email protected] before the deadline of 24th August 2021 10:00. Please include the following information in your email: 1) Full company name; 2) Main contact details (name, job title, email address, and telephone numbers). Please note the the tender will be run via our procurement portal Bravo which requires suppliers to be registered to participate, failure to register will result in the supplier not being able to participate in the sourcing event. The Pass/Fail question in relation to this EOI will be accessible via our electronic sourcing portal and an email will be sent containing the link to the system.
How it was run
Official notice- Appointment period ends
- 24 Aug 2021, 10:00 BST
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Deposits and guarantees
- If required details will be provided in the tender documentation
Timeline
23 Aug 2021 → 24 Aug 2021 · 2 dates- Notice published23 Aug 2021, 16:45 BST
- Admission / appointment period endsperiod end, not a bid countdown24 Aug 2021, 10:00 BST
Notice history
2 releases on Find a TenderPublished amendments (1)
Please note the following amendments - 1. Removal from the title and any accompanying lot title "taxation compliance" or taxation services. 2. Lot 1 (External Audit Services) will now have a deferred start of 2 years, the first year end will be FY2024. 3. Due to the amendments being made on the notice, the notice will now expire on Wednesday 1st September 10:00hrs. 4. Please note that the que…
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Wales & West UtilitiesReview body
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria