Find a Tender
active
Official procurement procedure
Provision of External Audit Services
Accounting and auditing services
Auditing services
Financial auditing services
+1 more
Published value
Not published
Submission deadline 2 Nov 2022, 12:00 GMT
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Merthyr Valleys Homes: "Provision of External Audit Services". Published status: active. Published value: Value not published. 1 published lot. Recorded submission deadline: 2 Nov 2022, 12:00 GMT. See the official notice for participation instructions.
| Contracting Authority | Merthyr Valleys Homes | Scope & Categories | Not published | Submission Window | Closed 2 Nov 2022, 12:00 GMT |
|---|---|---|---|---|---|
| Submission Gateway | Direct notice route | Legal Basis & Regime | Standard procurement | Estimated Value (exc. VAT) | Not published |
Bidder Intelligence · Authority Profile: Merthyr Valleys Homes
Market Analytics
Derived from OCDS awards & bid statistics
Published history for Merthyr Valleys Homes. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Competition Density
5.7Bids / Report
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate availablePayment Terms
Check noticePublished terms
Coverage: 3 active published awards; 3 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 Unpublished data stays unknown.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 AuthorityMerthyr Valleys Homes | Procedure methodNot published | Procurement categoryNot published |
Statusactive | Framework / DPSNot published | CompetitionNot published |
Above thresholdNot published | Legal basisNot published | Tender period startsNot published |
Clarification deadlineNot published | Electronic submissionNot published | Submission languagesNot published |
Published26 Sept 2022, 15:39 BST | Last source update26 Sept 2022, 15:39 BST | Recurring procurementYes |
ClassificationAccounting and auditing services, Auditing services, Financial auditing services, Statutory audit services | ||
Delivery area | ||
OCIDocds-h6vhtk-036b88 | ||
What is being bought
Merthyr Valleys Homes (MVH) and Valleys to Coast (V2C) are looking for a suitably qualified, accredited and experienced Service Provider to deliver comprehensive External Audit Services and independent assurance of MVH and V2C as individual Registered Social Landlord’s (RSL) and its on-going operations.
The Service Provider will be required to provide an independent external audit service which meets all statutory and regulatory requirements including but not limited to compliance with the following to the extent they currently or subsequently apply in Wales:
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102;
International Standards on Auditing (UK and Ireland);
Accounting Requirements for Registered Social Landlords General Determination (Wales) 2015;
Co-Operative and Community Benefit Societies Act 2014;
Housing and Regeneration Act 2008;
Housing (Wales) Act 2014;
Financial Reporting Council’s Revised Ethical Standard 2016.
What changed
From the official release history
- Status changed to active
26 Sept 2022, 15:39 BST - Official notice release published
26 Sept 2022, 15:39 BST - Submission deadline changed to 2 Nov 2022, 12:00 GMT
26 Sept 2022, 15:39 BST - Buyer information updated
26 Sept 2022, 15:39 BST
Lots and requirements (1)
Published by the contracting authority
- Lot 1 · #1Individual lot title not publishedactivePublished valueNot publishedThe Service Provider shall be required to conduct two (2) audits per year per Registered Social Landlord (Merthyr Valleys Homes and Valleys to Coast) and provide the Board, Audit Committee and senior management with a comprehensive management report on the findings of each audit carried out. In their reports, the Service Provider shall report on failures or weaknesses in controls, together with appropriate recommendations for remedial action to management and the Audit Committee. The two (2) audits annually shall be as follows: An interim audit is to be conducted before the financial year end with the final report received before 30 April each year. A final audit conducted and completed (including final reporting) by no later than 30 June each year. Merthyr Valleys Homes and Valleys to Coast is looking to commence works with the appointed Service Provider from: -Merthyr valleys Homes Ltd, 1st March 2023 (for financial year 2022/2023) -Valleys to Coast Ltd 1st July 2023 (for financial year 2023/2024)Contract periodNot publishedEligibilityNot publishedOptions / renewalNot published
Timeline
- Procedure published
26 Sept 2022, 15:39 BST - Submission deadline
2 Nov 2022, 12:00 GMT
Commercial outcome and competition
AwardsNo award published |
ContractsNo contract published |
Bid statisticsNo aggregate bid statistics published |
Buyer and organisations in this procedure
Merthyr Valleys Homes
Contracting authority GB-FTS-57226Documents (2)
Official links; attachments are not copied
Related procedures (0)
No related procedures published