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AwardedFind a Tender · award

Provision of Internal Audit Services

Buyer: National Employment Savings Trust (NEST)  →

BuyerNational Employment Savings Trust (NEST) 
StatusAwarded
DeadlineNot published
ValueValue not published
Published23 Apr 2024

What is being bought

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.

Delivery location

UK

Categories

Internal audit services 79212200

Lot details

Lot 1

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.

Statuscancelled

Award criteria
price

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 Internal audit services (79212200); 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 buyer1013 median · 15.5 average (4 of 10 with a bid count)2.3 average (4 of 10 with named award suppliers)Not published
Delivery region: UK3,8104 median · 60.1 average (1,523 of 3,810 with a bid count)5 average (1,809 of 3,810 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

013131-2024-1

Statusactive
Value£5,100,000

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-040c1d
Latest release ID013131-2024
Latest release timestampTue Apr 23 2024 11:27:03 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statuscomplete
Procurement methodopen
Procurement method detailsOpen procedure
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
23 Apr 2024award, contract013131-2024
13 Oct 2023tender030370-2023

All source data

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

Complete current OCDS release JSON
{
  "id": "013131-2024",
  "tag": [
    "award",
    "contract"
  ],
  "bids": {
    "statistics": [
      {
        "id": "1",
        "value": 10,
        "measure": "bids",
        "relatedLot": "1"
      }
    ]
  },
  "date": "2024-04-23T12:27:03+01:00",
  "ocid": "ocds-h6vhtk-040c1d",
  "buyer": {
    "id": "GB-FTS-4649",
    "name": "National Employment Savings Trust (NEST) "
  },
  "awards": [
    {
      "id": "013131-2024-1",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-FTS-35961",
          "name": "Deloitte LLP"
        }
      ],
      "relatedLots": [
        "1"
      ]
    }
  ],
  "tender": {
    "id": "ocds-h6vhtk-040c1d",
    "lots": [
      {
        "id": "1",
        "status": "cancelled",
        "hasOptions": false,
        "description": "This is for the provision of internal audit services to Nest Corporation.\nThe contract has been awarded for an initial term of five years, with the option to extend up to a further two years.\nThe 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.",
        "awardCriteria": {
          "criteria": [
            {
              "type": "price"
            }
          ]
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UK"
          }
        ]
      }
    ],
    "title": "Provision of Internal Audit Services",
    "status": "complete",
    "coveredBy": [
      "GPA"
    ],
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "description": "This is for the provision of internal audit services to Nest Corporation.\nThe contract has been awarded for an initial term of five years, with the option to extend up to a further two years.\nThe 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.",
    "classification": {
      "id": "79212200",
      "scheme": "CPV",
      "description": "Internal audit services"
    },
    "procurementMethod": "open",
    "mainProcurementCategory": "services",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-4649",
      "name": "National Employment Savings Trust (NEST) ",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "postalCode": "E14 4PU",
        "countryName": "United Kingdom",
        "streetAddress": "10 South Colonnade 1st floor"
      },
      "details": {
        "url": "http://www.nestpensions.org.uk",
        "classifications": [
          {
            "id": "BODY_PUBLIC",
            "scheme": "TED_CA_TYPE",
            "description": "Body governed by public law"
          },
          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
        ]
      },
      "identifier": {
        "legalName": "National Employment Savings Trust (NEST) "
      },
      "contactPoint": {
        "email": "procurement@nestcorporation.org.uk"
      }
    },
    {
      "id": "GB-FTS-35961",
      "name": "Deloitte LLP",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "postalCode": "EC4A 3HQ",
        "countryName": "United Kingdom",
        "streetAddress": "1 New Street Square"
      },
      "details": {
        "scale": "large"
      },
      "identifier": {
        "legalName": "Deloitte LLP"
      }
    },
    {
      "id": "GB-FTS-525",
      "name": "High Court",
      "roles": [
        "reviewBody",
        "mediationBody"
      ],
      "address": {
        "locality": "London",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "High Court"
      }
    }
  ],
  "language": "en",
  "contracts": [
    {
      "id": "013131-2024-1",
      "value": {
        "amount": 5100000,
        "currency": "GBP"
      },
      "status": "active",
      "awardID": "013131-2024-1",
      "dateSigned": "2024-04-02T00:00:00+01:00"
    }
  ],
  "initiationType": "tender"
}
Complete JSON history (2 releases)
23 Apr 2024 · 013131-2024 · award, contract
{
  "id": "013131-2024",
  "tag": [
    "award",
    "contract"
  ],
  "bids": {
    "statistics": [
      {
        "id": "1",
        "value": 10,
        "measure": "bids",
        "relatedLot": "1"
      }
    ]
  },
  "date": "2024-04-23T12:27:03+01:00",
  "ocid": "ocds-h6vhtk-040c1d",
  "buyer": {
    "id": "GB-FTS-4649",
    "name": "National Employment Savings Trust (NEST) "
  },
  "awards": [
    {
      "id": "013131-2024-1",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-FTS-35961",
          "name": "Deloitte LLP"
        }
      ],
      "relatedLots": [
        "1"
      ]
    }
  ],
  "tender": {
    "id": "ocds-h6vhtk-040c1d",
    "lots": [
      {
        "id": "1",
        "status": "cancelled",
        "hasOptions": false,
        "description": "This is for the provision of internal audit services to Nest Corporation.\nThe contract has been awarded for an initial term of five years, with the option to extend up to a further two years.\nThe 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.",
        "awardCriteria": {
          "criteria": [
            {
              "type": "price"
            }
          ]
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UK"
          }
        ]
      }
    ],
    "title": "Provision of Internal Audit Services",
    "status": "complete",
    "coveredBy": [
      "GPA"
    ],
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "description": "This is for the provision of internal audit services to Nest Corporation.\nThe contract has been awarded for an initial term of five years, with the option to extend up to a further two years.\nThe 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.",
    "classification": {
      "id": "79212200",
      "scheme": "CPV",
      "description": "Internal audit services"
    },
    "procurementMethod": "open",
    "mainProcurementCategory": "services",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-4649",
      "name": "National Employment Savings Trust (NEST) ",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "postalCode": "E14 4PU",
        "countryName": "United Kingdom",
        "streetAddress": "10 South Colonnade 1st floor"
      },
      "details": {
        "url": "http://www.nestpensions.org.uk",
        "classifications": [
          {
            "id": "BODY_PUBLIC",
            "scheme": "TED_CA_TYPE",
            "description": "Body governed by public law"
          },
          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
        ]
      },
      "identifier": {
        "legalName": "National Employment Savings Trust (NEST) "
      },
      "contactPoint": {
        "email": "procurement@nestcorporation.org.uk"
      }
    },
    {
      "id": "GB-FTS-35961",
      "name": "Deloitte LLP",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "postalCode": "EC4A 3HQ",
        "countryName": "United Kingdom",
        "streetAddress": "1 New Street Square"
      },
      "details": {
        "scale": "large"
      },
      "identifier": {
        "legalName": "Deloitte LLP"
      }
    },
    {
      "id": "GB-FTS-525",
      "name": "High Court",
      "roles": [
        "reviewBody",
        "mediationBody"
      ],
      "address": {
        "locality": "London",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "High Court"
      }
    }
  ],
  "language": "en",
  "contracts": [
    {
      "id": "013131-2024-1",
      "value": {
        "amount": 5100000,
        "currency": "GBP"
      },
      "status": "active",
      "awardID": "013131-2024-1",
      "dateSigned": "2024-04-02T00:00:00+01:00"
    }
  ],
  "initiationType": "tender"
}
13 Oct 2023 · 030370-2023 · tender
{
  "id": "030370-2023",
  "tag": [
    "tender"
  ],
  "date": "2023-10-13T18:06:36+01:00",
  "ocid": "ocds-h6vhtk-040c1d",
  "buyer": {
    "id": "GB-FTS-4649",
    "name": "National Employment Savings Trust (NEST) "
  },
  "tender": {
    "id": "TEN-2324-014",
    "lots": [
      {
        "id": "1",
        "value": {
          "amount": 5250000,
          "currency": "GBP"
        },
        "status": "active",
        "renewal": {
          "description": "This contract will be renewed upon expiry as internal audit will be an ongoing requirement."
        },
        "hasOptions": false,
        "hasRenewal": true,
        "description": "This tender is for the provision of internal audit services to Nest Corporation.\nThe contract s for an initial term of 5 years, with the option to extend up to a further two years, The contract value given on this form is the total potential value for the full 7 years and includes expenditure for ad-hoc  audits over and above the core audit requirements as described in the tender documents.",
        "contractPeriod": {
          "durationInDays": 2520
        },
        "submissionTerms": {
          "variantPolicy": "notAllowed"
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UKI"
          }
        ]
      }
    ],
    "title": "Provision of Internal Audit Services",
    "value": {
      "amount": 5250000,
      "currency": "GBP"
    },
    "status": "active",
    "coveredBy": [
      "GPA"
    ],
    "documents": [
      {
        "id": "economic",
        "documentType": "economicSelectionCriteria"
      },
      {
        "id": "technical",
        "documentType": "technicalSelectionCriteria"
      }
    ],
    "bidOpening": {
      "date": "2023-11-06T12:00:00Z"
    },
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "awardPeriod": {
      "startDate": "2023-11-06T12:00:00Z"
    },
    "description": "This tender is for the provision of internal audit services to Nest Corporation and replaces an earlier notice with the incorrect title.",
    "tenderPeriod": {
      "endDate": "2023-11-06T12:00:00Z"
    },
    "contractTerms": {
      "hasElectronicPayment": true,
      "hasElectronicOrdering": true,
      "electronicInvoicingPolicy": "allowed"
    },
    "hasRecurrence": false,
    "reviewDetails": "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.\nUnsuccessful 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.\nThe 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)",
    "classification": {
      "id": "79212200",
      "scheme": "CPV",
      "description": "Internal audit services"
    },
    "submissionTerms": {
      "languages": [
        "en"
      ],
      "bidValidityPeriod": {
        "durationInDays": 180
      }
    },
    "submissionMethod": [
      "electronicSubmission",
      "written"
    ],
    "participationFees": [
      {
        "id": "1",
        "type": [
          "document"
        ]
      }
    ],
    "procurementMethod": "open",
    "mainProcurementCategory": "services",
    "submissionMethodDetails": "https://nesttenders.bravosolution.co.uk/",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-4649",
      "name": "National Employment Savings Trust (NEST) ",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "postalCode": "E14 4PU",
        "countryName": "United Kingdom",
        "streetAddress": "10 South Colonnade 1st floor"
      },
      "details": {
        "url": "http://www.nestpensions.org.uk",
        "classifications": [
          {
            "id": "BODY_PUBLIC",
            "scheme": "TED_CA_TYPE",
            "description": "Body governed by public law"
          },
          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
        ]
      },
      "identifier": {
        "legalName": "National Employment Savings Trust (NEST) "
      },
      "contactPoint": {
        "url": "https://nesttenders.bravosolution.co.uk/",
        "email": "procurement@nestcorporation.org.uk"
      }
    },
    {
      "id": "GB-FTS-525",
      "name": "High Court",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "London",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "High Court"
      }
    }
  ],
  "language": "en",
  "description": "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.",
  "initiationType": "tender"
}