TenderlineUK
Procurement Intelligence
Search
Find a TenderAwarded
Published 18 Mar 2024, 12:52 GMT

Official UK procurement notice

Provision of Internal Audit Services

Official notice

Authority: University of Bedfordshire (Education)

ServicesOpen procedureSME suitable
Sectors: Business Services & Consultancy (79) Delivery: East of England (UKH2)
Published estimate£500,000exc. VAT0.8% above published estimate
Submissions closed 18 Apr 2024awarded 8 Nov 2024
Awarded to TIAA Ltd

What is being bought

Published requirement description

Provision of Internal Audit services - UoB

CPV: Auditing services · Financial auditing services · Fraud audit services · Internal audit services · Statutory audit services

The lotProcurement structure

single lot · value published
Lot #1Provision of Internal Audit servicesAwardedRenewalPublished value£500,000
Delivery: East of England
Extensions: Contract runs from 01/08/2024 - 31/07/2027 with possible extension from 01/08/2027 - 31/07/2029Variant bids: not allowed
79212000 Auditing services79212100 Financial auditing services79212200 Internal audit services79212300 Statutory audit services79212400 Fraud audit services

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: 50%Price: 50%
Published sub-criteria (2)
  • Quality: 50%
  • Cost: 50%
Published award criteria (2)
  • Quality: 50
  • Cost: 50
Conditions of participation1
  • Suitability

    Please refer to the tender documents

What this means for your bid
  • Price carries 50 of 100 points: a 10% discount moves about 5 points. This one is won on the number: sharpen the price before polishing the prose.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

Procedure terms & legal framework

From the official record
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
Unspecified in notice
Recurring procurement
No (one-off requirement)
First published
18 Mar 2024, 12:52 GMT
Last source update
8 Nov 2024, 11:57 GMT
Award evaluation window
18 Apr 2024 – …
Authority reference
UoB/P CORP - 00000658
FTS notice number
2024/S 000-036230
Classification (CPV)
Auditing servicesFinancial auditing servicesFraud audit servicesInternal audit servicesStatutory audit services
Delivery area
East of England (UKH2)
Official registry OCID
ocds-h6vhtk-0449dd Find a Tender
Review and risk notes
Review procedure

Please refer to tender documents

How it was run

Official notice
Run through: In-tend · Who buys & how to bid on In-tend
Supplier login requiredLanguage: EN
Access & registration note: Free · one account per buying organisation's portal · reCAPTCHA on signup
Submission deadline
18 Apr 2024, 12:00 BST
Submission channel
{"electronicSubmission","written"}
Accepted languages
en
Bids opened
18 Apr 2024, 00:00 BST
Detailed submission instructions & authority contactsFrom official release

www.in-tendhost.co.uk/universityofbedfords… ↗

Timeline

18 Apr 2024 → 8 Nov 2024 · 3 dates
  1. Bids opened
    18 Apr 2024, 00:00 BST
  2. Submission deadline
    18 Apr 2024, 12:00 BST
  3. Notice published
    8 Nov 2024, 11:57 GMT

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    8 Nov 2024, 11:57 GMT

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £504,0001 contract exc. VAT
Bids received 65 from SMEs
Contracts signed 1latest 8 Nov 2024
Awarded toValueDateStatus
TIAA LtdSME£504,000 †—Awarded

Contracts

  • Contract 036230-2024-UoB/C CORP - 00000357-1 · TIAA LtdSME

    Signed
    8 Nov 2024
    Value
    £504,000
    Status
    active

Bid statistics published by the authority

BidsSMEVCSEValid bid range
6bids · 6 electronic5——

Contracting authority & participating public bodies

University of Bedfordshire

Contracting authorityEducationHigher EducationEducation University Square, Luton, East of England, LU1 3JUContact name, email Published organisation website ↗

Dispute resolution & review bodies

  • Centre for Effective Dispute ResolutionReview body London

Bidders & participating suppliers

1 commercial party on the notice
  • Tiaa LtdAwarded supplier04546319 Artillery House, Fort Fareham, Fareham, Hampshire,, UK, PO14 1AH

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