Official UK procurement notice
Statutory and Regulatory Audit and Related Services
Authority: Bazalgette Tunnel Limited t/a Tideway
What is being bought
Published requirement descriptionThe Thames Tideway Tunnel is a major infrastructure project, urgently needed to protect the tidal River Thames from increasing pollution. London’s sewerage system is no longer fit for purpose and spills tens of millions of tonnes of untreated sewage mixed with rainwater (combined sewage) into the tidal reaches of the River Thames every year.
Bazalgette Tunnel Limited (BTL), is the licensed Infrastructure Provider set up to finance, build, maintain and operate the Thames Tideway Tunnel. From Licence Award, BTL trades and is known to the public as 'Tideway'.
Bazalgette Tunnel Limited is part of a group of companies. Its immediate parent company is Bazalgette Holdings Limited, which is in turn wholly owned by Bazalgette Ventures Limited, and its ultimate holding company is Bazalgette Equity Limited, Bazalgette Finance plc makes up the group. The structure of the Tideway group of companies is shown in the accompanying Invitation To Tender (ITT). Tideway is therefore purchasing the Services on behalf of and for the use of the Tideway group of companies identified therein.
The Tideway group of companies requires a number of services to meet statutory and regulatory audit requirements in accordance with prevailing statutory, regulative and other relevant standards. In addition, other related or advisory services may be required on an ad-hoc basis, subject always to the principle of independence.
Interested parties must register on Tideway's e-sourcing portal and will be able to download the Invitation To Tender ('ITT') including the form of response to be completed and returned to submit a compliant tender. The registration process is set out in section VI.3) of this Contract Notice. The ITT contains further detail regarding Tideway, the Tideway group of companies and further detail on the Contract and the timeline and phases of the procurement. Whilst it is intended that the procurement will be run in accordance with the timeline and process described in the ITT, this contract notice and the procurement documents, Tideway reserves the right to amend or cancel any or all of the procurement at any time and/or amend the timescales.
CPV: Accounting and auditing services · Accounting review services · Accounting, auditing and fiscal services · Auditing services · Financial auditing services · Statutory audit services
The lotProcurement structure
single lot · value publishedLot #1Interested organisations should refer to II.1.4) (Short Description) and VI.3)…Published value£2,500,000
Interested organisations should refer to II.1.4) (Short Description) and VI.3) (Additional information) and to the ITT and other procurement documents for further information on the description of the Services and the Contract.
The initial term of the Contract (Initial Term) is one (1) year with options to extend for up to nine (9) further years (Additional Term) making a total possible aggregate term of ten (10) years.
What it takes to wini
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 morei
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).
- Suitability
Applicants are referred to the ITT for information about conditions for participation.
- Technical & professional ability
Individuals assigned to the Services will be required to hold any qualifications or membership of professional or registered bodies as required by the UK Companies Act 2006 or other relevant statute to perform the Services.
Tideway will review the Register of Statutory Auditors in assessing this criteria, please see the ITT for further information.
- Legal form for consortia
- Tideway will accept expressions of interest and Tenders from single entities or Consortia. Tideway will consider contracting with a Consortium, providing always that the participants in any unincorporated joint venture are jointly and severally liable for all of the obligations of the Consortium under the Contract. The nature of the Contractor or Contractors, assumption of liability and the terms of any parent company guarantees (PCG) are confirmed in the procurement documents. Tenderers must provide full details of their proposed contracting structures with their completed ITT Response.
- Shortlisting
- Applicants are referred to the ITT for information about Tideway's objective rules and criteria for participation.
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0025 Utilities Contracts Regulations 2016 (Directive 2014/25/EU)
- Procurement category
- Services
- Notice status
- Closed
- 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
- 3 Jan 2023, 11:55 GMT
- Last source update
- 3 Jan 2023, 11:55 GMT
- Award evaluation window
- 6 Feb 2023 – …
- FTS notice number
2023/S 000-000046- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0394c8Find a Tender- Contract terms summary
The main financing conditions, payment mechanism and performance standards are confirmed in the procurement documents.
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
Publisher note: (1) Additional information concerning this Contract Notice and the Contracting Entity (Section I): economic operators should note that words and expressions in this Contract Notice with an initial capital letter shall have the meanings given in the ITT. All additional information relating to information provided in this Contract Notice is available in the ITT. Further information on (i) the procurement is available at https://tideway.bravosolution.co.uk and (ii) the Thames Tideway Tunnel project is available on www.tideway.london (2) Additional information concerning the Contracting Entity and the procedure (Section I and Section IV): On 24.8.2015 Ofwat granted Bazalgette Tunnel Limited a project licence to carry out all activities described in the project specification notice apart from those activities that Thames Water is to carry out under the preparatory work notice. Bazalgette Tunnel Limited is not a utility for the purpose of the Utilities Contracts Regulations 2016 ('UCR 2016') and accordingly the UCR 2016 do not apply to this procurement. However Bazalgette Tunnel Limited is required pursuant to the procurement regime in the Water Industry (Specified Infrastructure Projects) (English Undertakers) Regulations 2013 ('SIP Regulations') to tender certain contracts and certain categories of contracts in accordance with a modified regime set out in the SIP Regulations ('modified UCR 2016'). More information concerning the Project Licence is available at: http://www.ofwat.gov.uk/regulated-companies/improving-regulation/thames-tideway/ Information on the SIP Regulations and more information on the modified UCR 2016 is available at: http://www.legislation.gov.uk/ (3) Additional information concerning (II.2.5) (Award criteria) - Tideway intends to award the Contract to the economic operators with the most economically advantageous tender. Details of the award criteria and methodology for identifying the most economically advantageous tender is set out in the procurement documents. (4) Additional information concerning conflicts of interest - Applicants are referred to the ITT document (volume 1 of the ITT) and specifically section 36 for further information relating to the Contracting Entity's approach to conflicts of interest. (5) Tideway reserves the right in its absolute discretion to abandon, terminate or suspend the award process at any time. Further: a. Tideway does not bind itself to enter into any contract arising out of the procedures envisaged by this contract notice; b. no contractual rights express or implied arise out of this contract notice or the procedures envisaged by it; c. Tideway reserves the right to vary its requirements and the procedure relating to the conduct of the award process; and d. Tenderers shall be fully responsible for and liable for all costs associated with and arising out of or in connection with responding to this contract notice and the ITT. Tideway will not be responsible for or liable to anyTenderer for any cost incurred by such Tenderer in responding to this Contract Notice or Tender.
How it was run
Official noticeTender documents are also served through a separate tool: https://tideway.bravosolution.co.uk ↗
- Submission deadline
- 6 Feb 2023, 12:00 GMT
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bid validity
- 120 days from the deadline
- Bids opened
- 6 Feb 2023, 12:30 GMT
- Deposits and guarantees
Tideway reserves the right to require guarantees, bonds, collateral warranties (potentially including the grant of step in rights) and other forms of security as appropriate to be specified in the Procurement Documents to be made available at ITT stage. Applicants are referred to the ITT for relevant information.
Timeline
3 Jan 2023 → 6 Feb 2023 · 3 dates- Notice published3 Jan 2023, 11:55 GMT
- Submission deadline6 Feb 2023, 12:00 GMT
- Bids opened6 Feb 2023, 12:30 GMT
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High CourtReview bodyReview contact point
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria