Official UK procurement notice
Provision of External Audit Services
Authority: Merthyr Valleys Homes Limited (Public body)·Consortium: 2 public authorities
What is being bought
Published requirement descriptionMerthyr 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.
- Recurrence: On expiry/termination of the contract
CPV: Accounting and auditing services · Auditing services · Financial auditing services · Statutory audit services
The lotProcurement structure
single lot · no lot value publishedLot #1The Service Provider shall be required to conduct two (2) audits per year per…Renewal
The 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)
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 (7)
- Approach to Delivery: 12.5%
- Contract Resource: 12.5%
- Community Benefits: 2.5%
- Equality and Diversity: 2.5%
- Sector Experience: 20%
- Presentation: 10%
- price: 40%
Published award criteria (7)
- Approach to Delivery: 12.50
- Contract Resource: 12.50
- Community Benefits: 2.50
- Equality and Diversity: 2.50
- Sector Experience: 20.00
- Presentation: 10.00
- Price: 40.00
- Price carries 40 of 100 points: a 10% discount moves about 4 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
- Closed
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Yes · On expiry/termination of the contract
- First published
- 26 Sept 2022, 15:39 BST
- Last source update
- 26 Sept 2022, 15:39 BST
- Award evaluation window
- 2 Nov 2022 – …
- Authority reference
MVH0061CCR00301- FTS notice number
2022/S 000-026901- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-036b88Find a Tender
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
Publisher note: NOTE: The authority is using eTenderwales to carry out this procurement process. To obtain further information record your interest on Sell2Wales at https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=125019 Under the terms of this contract the successful supplier(s) will be required to deliver Community Benefits in support of the authority’s economic and social objectives. Accordingly, contract performance conditions may relate in particular to social and environmental considerations. The Community Benefits included in this contract are: Please refer to the tender documents (WA Ref:125019)
How it was run
Official notice- Submission deadline
- 2 Nov 2022, 12:00 GMT
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bid validity
- 90 days from the deadline
- Bids opened
- 2 Nov 2022, 12:30 GMT
Timeline
26 Sept 2022 → 2 Nov 2022 · 3 dates- Notice published26 Sept 2022, 15:39 BST
- Submission deadline2 Nov 2022, 12:00 GMT
- Bids opened2 Nov 2022, 12:30 GMT
Contracting authority & participating public bodies
2 public bodies on the noticeConsortium members and other public bodies
- Valleys to Coast Housing LimitedContracting authority
Dispute resolution & review bodies
- High CourtReview body
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria