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Published 4 Nov 2022, 13:27 GMT

Official UK procurement notice

Provision of External Audit Services

Official notice

Authority: The Royal Mint (Central government)

ServicesCompetitive procedure with negotiation
Sectors: Business Services & Consultancy (79) Delivery: Wales (UKL15)
Awarded value£500,000published contract · exc. VAT
Submissions closed 5 Dec 2022awarded 31 Mar 2023
Awarded to Pricewaterhouse Coopers LLP

What is being bought

Published requirement description

The Royal Mint is awarding a 3 year contract for the provision of external audit services following a regulatory compliant competitive procurement process.

  • Recurrence: 5 years

CPV: Financial auditing services

The lotProcurement structure

single lot · no lot value published
Lot #1The appointed supplier will provide external audit services to The Royal MintAwardedRenewal
Delivery: Wales · The Royal Mint, Llantrisant
Extensions: This is a negotiated process and we will welcome innovative solutions. · The Royal Mint expects to enter a 3 year contract (36 months) with an option to extend for up to a further 2 years at 1 year intervals (12 months + 12 months). This is at the sole discretion of TRM and subject to satisfactory performance during the initial contract term.Second stage: up to 6 candidates invited to tenderVariant bids: not allowed

What it takes to win
i

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 more
How bids were scored
Quality: 70Price: 30Social value: 15
Published sub-criteria (4)
  • Quality: 70
  • Price: 15
  • price: 15
  • Social Value: 15
Published award criteria (4)
  • Quality: 70
  • Price: 15
  • Social Value: 15
  • Price: 15
Successive reduction
Candidates will be reduced successively across stages
What this means for your bid
  • Price carries 30 of 115 points: a 10% discount moves about 3 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
Procedure method
Competitive procedure with negotiation
Legal basis
CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category
Services
Notice status
Awarded
Procurement threshold
Unspecified in notice
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Yes (GPA)
Recurring procurement
Yes · 5 years
First published
4 Nov 2022, 13:27 GMT
Last source update
5 Apr 2023, 17:41 BST
FTS notice number
2023/S 000-010046
Classification (CPV)
Financial auditing services
Delivery area
Wales (UKL15)
Official registry OCID
ocds-h6vhtk-037f2f Find a Tender
Contract terms
Electronic trading
e-invoicing allowed · electronic ordering · electronic payment

How it was run

Official notice
Run through: Jaggaer · Who buys & how to bid on JAGGAER
Supplier login requiredLanguage: EN
Access & registration note: Free; latest Chrome/Edge/Firefox only — corporate browsers fail
Submission deadline
5 Dec 2022, 12:00 GMT
Submission channel
{"electronicSubmission","written"}
Accepted languages
en
Bid validity
180 days from the deadline
Detailed submission instructions & authority contactsFrom official release

royalmint.bravosolution.co.uk ↗

Timeline

5 Dec 2022 → 5 Apr 2023 · 3 dates
  1. Submission deadline
    5 Dec 2022, 12:00 GMT
  2. Invitations to tender expected
    12 Dec 2022
  3. Notice published
    5 Apr 2023, 17:41 BST

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    5 Apr 2023, 17:41 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £500,0001 contract exc. VAT
Bids received 3
Contracts signed 1latest 31 Mar 2023
Awarded toValueDateStatus
Pricewaterhouse Coopers LLP£500,000 †—Awarded

Contracts

Bid statistics published by the authority

BidsSMEVCSEValid bid range
3bids———

Contracting authority & participating public bodies

Royal Mint

Contracting authorityCentral GovernmentBody governed by public lawEconomic affairs Llantrisant, Pontyclun, Wales, CF72 8YTContact name, email, phone Published organisation website ↗

Dispute resolution & review bodies

  • The Royal MintReview body Llantrisant

Bidders & participating suppliers

1 commercial party on the notice

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

  • Economic and financial selection criteriatenderEconomic and financial selection criteria
  • Technical selection criteriatenderTechnical selection criteria