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AwardedFind a Tender · award

Provision of External Audit Services

Buyer: Royal Mint →

BuyerRoyal Mint
StatusAwarded
DeadlineNot published
ValueValue not published
Published5 Apr 2023

What is being bought

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

Delivery location

UKL15

Categories

Financial auditing services 79212100

Lot details

Lot 1

The appointed supplier will provide external audit services to The Royal Mint

Statuscancelled

Award criteria
Quality — 70
Price — 15
Social Value — 15
price — 15

What is included

ItemCategoryQuantity
1Not publishedNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 79. The category anchor is Financial auditing services (79212100); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 7913,7404 median · 30.9 average (5,803 of 13,740 with a bid count)3.2 average (6,507 of 13,740 with named award suppliers)1 comparable price pairs
Same buyer54 median · 4 average (1 of 5 with a bid count)1 average (1 of 5 with named award suppliers)Not published
Delivery region: UKL15367 median · 10.4 average (14 of 36 with a bid count)2.2 average (15 of 36 with named award suppliers)Not published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byGPA
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Awards

Contracts

Provision of External Audit Services

Statusactive
Value£500,000

Documents & submission route

No documents are published in the current source record.

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-037f2f
Latest release ID010046-2023
Latest release timestampWed Apr 05 2023 16:41:19 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statuscomplete
Procurement methodselective
Procurement method detailsCompetitive procedure with negotiation
Main procurement categoryservices
Above thresholdNot published
Legal basis32014L0024
Tender period: startNot published
Tender period: endNot published
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: startNot published
Award period: endNot published
Submission method detailsNot published
Submission languagesNot published
Electronic catalogue policyNot published
Total tender valueNot published
Tender lots in source1
Tender items in source1
Tender documents in source0
Awards in latest release1
Contracts in latest release1
Parties in latest release3

Notice history

DateEventReference
5 Apr 2023award, contract010046-2023
4 Nov 2022tender031231-2022

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
{
  "id": "010046-2023",
  "tag": [
    "award",
    "contract"
  ],
  "bids": {
    "statistics": [
      {
        "id": "1",
        "value": 3,
        "measure": "bids",
        "relatedLot": "1"
      }
    ]
  },
  "date": "2023-04-05T17:41:19+01:00",
  "ocid": "ocds-h6vhtk-037f2f",
  "buyer": {
    "id": "GB-FTS-10256",
    "name": "Royal Mint"
  },
  "awards": [
    {
      "id": "010046-2023-57247-1",
      "title": "Provision of External Audit Services",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-FTS-6086",
          "name": "PricewaterhouseCoopers LLP"
        }
      ],
      "relatedLots": [
        "1"
      ]
    }
  ],
  "tender": {
    "id": "ocds-h6vhtk-037f2f",
    "lots": [
      {
        "id": "1",
        "status": "cancelled",
        "hasOptions": false,
        "description": "The appointed supplier will provide external audit services to The Royal Mint",
        "awardCriteria": {
          "criteria": [
            {
              "name": "Quality",
              "type": "quality",
              "description": "70"
            },
            {
              "name": "Price",
              "type": "quality",
              "description": "15"
            },
            {
              "name": "Social Value",
              "type": "quality",
              "description": "15"
            },
            {
              "type": "price",
              "description": "15"
            }
          ]
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UKL15"
          }
        ]
      }
    ],
    "title": "Provision of External Audit Services",
    "status": "complete",
    "coveredBy": [
      "GPA"
    ],
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "description": "The Royal Mint is awarding a 3 year contract for the provision of external audit services following a regulatory compliant competitive procurement process.",
    "classification": {
      "id": "79212100",
      "scheme": "CPV",
      "description": "Financial auditing services"
    },
    "procurementMethod": "selective",
    "mainProcurementCategory": "services",
    "procurementMethodDetails": "Competitive procedure with negotiation"
  },
  "parties": [
    {
      "id": "GB-FTS-10256",
      "name": "Royal Mint",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKL15",
        "locality": "Pontyclun",
        "postalCode": "CF72 8YT",
        "countryName": "United Kingdom",
        "streetAddress": "Llantrisant"
      },
      "details": {
        "url": "https://www.royalmint.com/",
        "classifications": [
          {
            "id": "BODY_PUBLIC",
            "scheme": "TED_CA_TYPE",
            "description": "Body governed by public law"
          },
          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
        ]
      },
      "identifier": {
        "legalName": "Royal Mint"
      },
      "contactPoint": {
        "email": "kim.lambert@royalmint.com",
        "telephone": "+44 1443222111"
      }
    },
    {
      "id": "GB-FTS-6086",
      "name": "PricewaterhouseCoopers LLP",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "countryName": "United Kingdom"
      },
      "details": {
        "scale": "large"
      },
      "identifier": {
        "legalName": "PricewaterhouseCoopers LLP"
      }
    },
    {
      "id": "GB-FTS-10257",
      "name": "The Royal Mint",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "Llantrisant",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "The Royal Mint"
      }
    }
  ],
  "language": "en",
  "contracts": [
    {
      "id": "010046-2023-57247-1",
      "title": "Provision of External Audit Services",
      "value": {
        "amount": 500000,
        "currency": "GBP"
      },
      "status": "active",
      "awardID": "010046-2023-57247-1",
      "dateSigned": "2023-03-31T00:00:00+01:00"
    }
  ],
  "initiationType": "tender"
}
Complete JSON history (2 releases)
5 Apr 2023 · 010046-2023 · award, contract
{
  "id": "010046-2023",
  "tag": [
    "award",
    "contract"
  ],
  "bids": {
    "statistics": [
      {
        "id": "1",
        "value": 3,
        "measure": "bids",
        "relatedLot": "1"
      }
    ]
  },
  "date": "2023-04-05T17:41:19+01:00",
  "ocid": "ocds-h6vhtk-037f2f",
  "buyer": {
    "id": "GB-FTS-10256",
    "name": "Royal Mint"
  },
  "awards": [
    {
      "id": "010046-2023-57247-1",
      "title": "Provision of External Audit Services",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-FTS-6086",
          "name": "PricewaterhouseCoopers LLP"
        }
      ],
      "relatedLots": [
        "1"
      ]
    }
  ],
  "tender": {
    "id": "ocds-h6vhtk-037f2f",
    "lots": [
      {
        "id": "1",
        "status": "cancelled",
        "hasOptions": false,
        "description": "The appointed supplier will provide external audit services to The Royal Mint",
        "awardCriteria": {
          "criteria": [
            {
              "name": "Quality",
              "type": "quality",
              "description": "70"
            },
            {
              "name": "Price",
              "type": "quality",
              "description": "15"
            },
            {
              "name": "Social Value",
              "type": "quality",
              "description": "15"
            },
            {
              "type": "price",
              "description": "15"
            }
          ]
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UKL15"
          }
        ]
      }
    ],
    "title": "Provision of External Audit Services",
    "status": "complete",
    "coveredBy": [
      "GPA"
    ],
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "description": "The Royal Mint is awarding a 3 year contract for the provision of external audit services following a regulatory compliant competitive procurement process.",
    "classification": {
      "id": "79212100",
      "scheme": "CPV",
      "description": "Financial auditing services"
    },
    "procurementMethod": "selective",
    "mainProcurementCategory": "services",
    "procurementMethodDetails": "Competitive procedure with negotiation"
  },
  "parties": [
    {
      "id": "GB-FTS-10256",
      "name": "Royal Mint",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKL15",
        "locality": "Pontyclun",
        "postalCode": "CF72 8YT",
        "countryName": "United Kingdom",
        "streetAddress": "Llantrisant"
      },
      "details": {
        "url": "https://www.royalmint.com/",
        "classifications": [
          {
            "id": "BODY_PUBLIC",
            "scheme": "TED_CA_TYPE",
            "description": "Body governed by public law"
          },
          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
        ]
      },
      "identifier": {
        "legalName": "Royal Mint"
      },
      "contactPoint": {
        "email": "kim.lambert@royalmint.com",
        "telephone": "+44 1443222111"
      }
    },
    {
      "id": "GB-FTS-6086",
      "name": "PricewaterhouseCoopers LLP",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "countryName": "United Kingdom"
      },
      "details": {
        "scale": "large"
      },
      "identifier": {
        "legalName": "PricewaterhouseCoopers LLP"
      }
    },
    {
      "id": "GB-FTS-10257",
      "name": "The Royal Mint",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "Llantrisant",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "The Royal Mint"
      }
    }
  ],
  "language": "en",
  "contracts": [
    {
      "id": "010046-2023-57247-1",
      "title": "Provision of External Audit Services",
      "value": {
        "amount": 500000,
        "currency": "GBP"
      },
      "status": "active",
      "awardID": "010046-2023-57247-1",
      "dateSigned": "2023-03-31T00:00:00+01:00"
    }
  ],
  "initiationType": "tender"
}
4 Nov 2022 · 031231-2022 · tender
{
  "id": "031231-2022",
  "tag": [
    "tender"
  ],
  "date": "2022-11-04T13:27:28Z",
  "ocid": "ocds-h6vhtk-037f2f",
  "buyer": {
    "id": "GB-FTS-10256",
    "name": "Royal Mint"
  },
  "tender": {
    "id": "57247",
    "lots": [
      {
        "id": "1",
        "status": "active",
        "options": {
          "description": "This is a negotiated process and we will welcome innovative solutions."
        },
        "renewal": {
          "description": "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."
        },
        "hasOptions": true,
        "hasRenewal": true,
        "description": "The Royal Mint Limited as wholly owned by Her Majesty's Treasury intends to undertake a procurement exercise compliant with Public Contract Regulations 2015 in order to enter a contractual agreement with a supply partner capable of providing external audit services",
        "secondStage": {
          "maximumCandidates": 6,
          "minimumCandidates": 6
        },
        "contractPeriod": {
          "durationInDays": 1800
        },
        "submissionTerms": {
          "variantPolicy": "notAllowed"
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryLocation": {
          "description": "The Royal Mint, Llantrisant"
        },
        "deliveryAddresses": [
          {
            "region": "UKL15"
          }
        ]
      }
    ],
    "title": "Provision of External Audit Services",
    "status": "active",
    "documents": [
      {
        "id": "economic",
        "documentType": "economicSelectionCriteria"
      },
      {
        "id": "technical",
        "documentType": "technicalSelectionCriteria"
      }
    ],
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "recurrence": {
      "description": "5 years"
    },
    "description": "The Royal Mint has a requirement for the provision of External Audit Services",
    "secondStage": {
      "invitationDate": "2022-12-12T00:00:00Z",
      "successiveReduction": true,
      "noNegotiationNecessary": true
    },
    "tenderPeriod": {
      "endDate": "2022-12-05T12:00:00Z"
    },
    "contractTerms": {
      "hasElectronicPayment": true,
      "hasElectronicOrdering": true,
      "electronicInvoicingPolicy": "allowed"
    },
    "hasRecurrence": true,
    "classification": {
      "id": "79212000",
      "scheme": "CPV",
      "description": "Auditing services"
    },
    "submissionTerms": {
      "languages": [
        "en"
      ],
      "bidValidityPeriod": {
        "durationInDays": 180
      }
    },
    "submissionMethod": [
      "electronicSubmission",
      "written"
    ],
    "procurementMethod": "selective",
    "mainProcurementCategory": "services",
    "submissionMethodDetails": "https://royalmint.bravosolution.co.uk/",
    "procurementMethodDetails": "Competitive procedure with negotiation"
  },
  "parties": [
    {
      "id": "GB-FTS-10256",
      "name": "Royal Mint",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKL15",
        "locality": "Pontyclun",
        "postalCode": "CF72 8YT",
        "countryName": "United Kingdom",
        "streetAddress": "Llantrisant"
      },
      "details": {
        "url": "http://www.royalmint.com",
        "classifications": [
          {
            "id": "BODY_PUBLIC",
            "scheme": "TED_CA_TYPE",
            "description": "Body governed by public law"
          },
          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
        ]
      },
      "identifier": {
        "legalName": "Royal Mint"
      },
      "contactPoint": {
        "url": "https://royalmint.bravosolution.co.uk/",
        "name": "Kim Lambert",
        "email": "kim.lambert@royalmint.com",
        "telephone": "+44 1443222111"
      }
    },
    {
      "id": "GB-FTS-10257",
      "name": "The Royal Mint",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "Llantrisant",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "The Royal Mint"
      }
    }
  ],
  "language": "en",
  "initiationType": "tender"
}