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Published 13 Oct 2023, 18:06 BST

Official UK procurement notice

Provision of Internal Audit Services

Official notice

Authority: National Employment Savings Trust (NEST) 

ServicesOpen procedure
Sectors: Business Services & Consultancy (79) Delivery: UKLondon (UKI)
Published estimate£5,250,000exc. VAT2.9% below published estimate
Submissions closed 6 Nov 2023awarded 2 Apr 2024
Awarded to Deloitte

What is being bought

Published requirement description

This is for the provision of internal audit services to Nest Corporation.

The contract has been awarded for an initial term of five years, with the option to extend up to a further two years.

The contract value on this notice is the total potential value for the full seven years and includes expenditure for any ad-hoc audits over and above the core audit requirements.

CPV: Internal audit services

The lotProcurement structure

single lot · value published
Lot #1AwardedRenewalPublished value£5,250,000
Delivery: UK, London
Extensions: This contract will be renewed upon expiry as internal audit will be an ongoing requirement.Variant 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
  • Price

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
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
No (one-off requirement)
First published
13 Oct 2023, 18:06 BST
Last source update
23 Apr 2024, 12:27 BST
Award evaluation window
6 Nov 2023 – …
FTS notice number
2024/S 000-013131
Classification (CPV)
Internal audit services
Delivery area
UKLondon (UKI)
Official registry OCID
ocds-h6vhtk-040c1d Find a Tender
Contract terms
Electronic trading
e-invoicing allowed · electronic ordering · electronic payment
Review and risk notes
Review procedure

The contracting authority will operate a minimum 10 calendar day standstill period at the point information on the award of the contract is communicated to tenderers to provide time for unsuccessful tenderers to challenge the award decision before the contract is entered into.

Unsuccessful tenderers shall be notified by the contracting authority as soon as possible after the decision is made as to the reasons why they were unsuccessful.

The Public Contracts Regulations 2015 provide that aggrieved parties who have been harmed, or are at risk of harm, by breach of the rules are to take action in the High Court (England, Wales and Northern Ireland)

Publisher note: Nest does not bind itself to accept any tender and is not liable for any costs incurred by those expressing an interest or tendering for this opportunity.

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
6 Nov 2023, 12:00 GMT
Submission channel
{"electronicSubmission","written"}
Accepted languages
en
Participation fee
document
Bid validity
180 days from the deadline
Bids opened
6 Nov 2023, 12:00 GMT
Detailed submission instructions & authority contactsFrom official release

nesttenders.bravosolution.co.uk ↗

Timeline

6 Nov 2023 → 23 Apr 2024 · 3 dates
  1. Submission deadline
    6 Nov 2023, 12:00 GMT
  2. Bids opened
    6 Nov 2023, 12:00 GMT
  3. Notice published
    23 Apr 2024, 12:27 BST

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    23 Apr 2024, 12:27 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £5,100,0001 contract exc. VAT
Bids received 10
Contracts signed 1latest 2 Apr 2024
Awarded toValueDateStatus
Deloitte£5,100,000 †—Awarded

Contracts

  • Contract 013131-2024-1 · Deloitte

    Signed
    2 Apr 2024
    Value
    £5,100,000
    Status
    active

Bid statistics published by the authority

BidsSMEVCSEValid bid range
10bids———

Contracting authority & participating public bodies

National Employment Savings Trust (NEST) 

Contracting authorityBody governed by public lawEconomic affairs 10 South Colonnade 1st floor, London, UK, E14 4PUContact email Published organisation website ↗

Dispute resolution & review bodies

  • High CourtMediation bodyReview body London

Bidders & participating suppliers

1 commercial party on the notice
  • Deloitte LLPAwarded supplier 1 New Street Square, London, UK, EC4A 3HQ

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

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