Statutory & Regulatory Audit

{
  "id": "013686-2021",
  "tag": [
    "award",
    "contract"
  ],
  "bids": {
    "statistics": [
      {
        "id": "1",
        "value": 1,
        "measure": "bids",
        "relatedLot": "1"
      }
    ]
  },
  "date": "2021-06-16T22:45:02+01:00",
  "ocid": "ocds-h6vhtk-0289c1",
  "buyer": {
    "id": "GB-FTS-446",
    "name": "Southern Water Services Ltd."
  },
  "awards": [
    {
      "id": "013686-2021-1-1",
      "title": "Statutory and Regulatory Audit",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-FTS-19743",
          "name": "Deloitte LLP"
        }
      ],
      "relatedLots": [
        "1"
      ]
    }
  ],
  "tender": {
    "id": "prj_2036",
    "lots": [
      {
        "id": "1",
        "status": "cancelled",
        "hasOptions": false,
        "description": "TThe audit Services conducted by the successful Auditor must be conducted in accordance with\nInternational Standards on Auditing (UK and Ireland) issued from time to time by the Financial Reporting\nCouncil.\nThe role of the external Auditor will be to report on the financial statements of SWS (or any corporate\nmember of the Greensands Holdings Group as applicable); to carry out the necessary assessments of the\nstatements and underlying records and control systems in order to reach a fair and unbiased opinion on\nthe statements.\nAudits must be able to provide assurance that the financial statements are free from material\nmisstatement and give a true and fair view. The successful Auditor must obtain an understanding of the\naccounting and the internal control systems in order to assess their adequacy as a basis for the\npreparation of the financial statements and to form an opinion whether adequate accounting records\nhave been maintained by the relevant audited company.\nIn addition to the regulatory audit required by Ofwat, SWS is also seeking to renew additional assurance\non an “Agreed Upon Procedures” basis for other elements of its annual reporting, for example, but not\nlimited to sections of the Annual Performance Report not covered by the Ofwat requirements and the\nviability statement\nThe auditor will carry out such investigations as to enable them to form an opinion as to:\n(a) whether adequate accounting records have been kept by SWS and returns adequate for the audit\n(b) whether SWS’s individual financial statements are in agreement with the accounting records and\nreturns.\n(c) whether certain disclosures of directors’ remuneration specified by law have been made.\n(d) whether they have obtained all the information and explanations which, to the best of their\nknowledge and belief, are necessary for the purpose of our audit; and\nThe Auditor should provide a management report to SWS which highlights any potential issues, or risks\nwithin the audit that was conducted. The Auditor should provide reports on the financial statements of\nSWS income and expenditure, recognised gains and losses and statement of cash flow for the year. They\nshould take into account relevant statutory and other mandatory disclosure and accounting requirements\nand funding body requirements.\nThe audit services conducted by the successful Auditor must be conducted in accordance with\nInternational Standards on Auditing (UK and Ireland) issued from time to time by the Financial Reporting\nCouncil, relevant ethical standards and applicable law.",
        "awardCriteria": {
          "criteria": [
            {
              "name": "Technical, Audit Service Proposal and Quality assurance Competence & Capability of the team",
              "type": "quality",
              "description": "60"
            },
            {
              "type": "price",
              "description": "40"
            }
          ]
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryLocation": {
          "description": "Worthing"
        },
        "deliveryAddresses": [
          {
            "region": "UKJ"
          }
        ]
      }
    ],
    "title": "Statutory & Regulatory Audit",
    "status": "complete",
    "legalBasis": {
      "id": "32014L0025",
      "scheme": "CELEX"
    },
    "description": "Southern Water Services (SWS) under all Applicable Law relating to the financial reporting and audit of\ncompany accounts, including the statutory audit of public interest entities (PIEs), SWS is seeking to\nrenew, for itself and on behalf of the Greensands Holdings Group (of which it is principal operating\ncompany), its statutory audit services by competitive tender.\nAs part of this process, Southern Water Services SWS is also seeking to renew the audit of its regulatory\naccounting statements within the annual performance report for each financial year, as required by its\nInstrument of Appointment (Licence) granted by the Secretary of State for the Environment as a water and\nsewerage undertaker under the Water Industry Act 1991 and as specified by the Water Services\nRegulation Authority (Ofwat).",
    "classification": {
      "id": "79212300",
      "scheme": "CPV",
      "description": "Statutory audit services"
    },
    "procurementMethod": "selective",
    "mainProcurementCategory": "services",
    "procurementMethodDetails": "Negotiated procedure with prior call for competition"
  },
  "parties": [
    {
      "id": "GB-FTS-446",
      "name": "Southern Water Services Ltd.",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKJ",
        "locality": "Worthing",
        "postalCode": "BN13 3NX",
        "countryName": "United Kingdom",
        "streetAddress": "Southern House"
      },
      "details": {
        "url": "http://www.southernwater.co.uk",
        "classifications": [
          {
            "id": "WATER",
            "scheme": "TED_CE_ACTIVITY",
            "description": "Water"
          }
        ]
      },
      "identifier": {
        "legalName": "Southern Water Services Ltd."
      },
      "contactPoint": {
        "email": "Kirsty.Lodge@southernwater.co.uk",
        "telephone": "+44 1903264444"
      }
    },
    {
      "id": "GB-FTS-19743",
      "name": "Deloitte LLP",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "postalCode": "EC4A 3HQ",
        "countryName": "United Kingdom",
        "streetAddress": "1New Street Square"
      },
      "details": {
        "scale": "large"
      },
      "identifier": {
        "legalName": "Deloitte LLP"
      }
    },
    {
      "id": "GB-FTS-10392",
      "name": "Southern Water",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "Worthing",
        "postalCode": "BN13 3NX",
        "countryName": "United Kingdom",
        "streetAddress": "Southern House"
      },
      "identifier": {
        "legalName": "Southern Water"
      },
      "contactPoint": {
        "email": "Kirsty.Lodge@southernwater.co.uk"
      }
    }
  ],
  "language": "en",
  "contracts": [
    {
      "id": "013686-2021-1-1",
      "title": "Statutory and Regulatory Audit",
      "value": {
        "amount": 6000000,
        "currency": "GBP"
      },
      "status": "active",
      "awardID": "013686-2021-1-1",
      "dateSigned": "2021-03-31T00:00:00+01:00"
    }
  ],
  "initiationType": "tender"
}

{
  "id": "000621-2021",
  "tag": [
    "tender"
  ],
  "date": "2021-01-12T23:08:05Z",
  "ocid": "ocds-h6vhtk-0289c1",
  "buyer": {
    "id": "GB-FTS-446",
    "name": "Southern Water Services Ltd."
  },
  "links": [
    {
      "rel": "prev",
      "href": "https://ted.europa.eu/udl?uri=TED:NOTICE:581564-2020:TEXT:EN:HTML"
    }
  ],
  "tender": {
    "id": "prj_2036",
    "lots": [
      {
        "id": "1",
        "value": {
          "amount": 6000000,
          "currency": "GBP"
        },
        "status": "active",
        "renewal": {
          "description": "120 months is required, 12 month periods awarded at any one time subject to annual audit committee and board approval"
        },
        "hasOptions": false,
        "hasRenewal": true,
        "description": "TThe audit Services conducted by the successful Auditor must be conducted in accordance with International Standards on Auditing (UK and Ireland) issued from time to time by the Financial Reporting Council. \nThe role of the external Auditor will be to report on the financial statements of SWS (or any corporate member of the Greensands Holdings Group as applicable); to carry out the necessary assessments of the statements and underlying records and control systems in order to reach a fair and unbiased opinion on the statements. \nAudits must be able to provide assurance that the financial statements are free from material misstatement and give a true and fair view. The successful Auditor must obtain an understanding of the accounting and the internal control systems in order to assess their adequacy as a basis for the preparation of the financial statements and to form an opinion whether adequate accounting records have been maintained by the relevant audited company. \nIn addition to the regulatory audit required by Ofwat, SWS is also seeking to renew additional assurance on an “Agreed Upon Procedures” basis for other elements of its annual reporting, for example, but not limited to sections of the Annual Performance Report not covered by the Ofwat requirements and the viability statement\nThe auditor will carry out such investigations as to enable them to form an opinion as to:\n(a)\twhether adequate accounting records have been kept by SWS and returns adequate for the audit \n(b)\twhether SWS’s individual financial statements are in agreement with the accounting records and returns.\n(c)\twhether certain disclosures of directors’ remuneration specified by law have been made.\n(d)\twhether they have obtained all the information and explanations which, to the best of their knowledge and belief, are necessary for the purpose of our audit; and\nThe Auditor should provide a management report to SWS which highlights any potential issues, or risks within the audit that was conducted. The Auditor should provide reports on the financial statements of SWS income and expenditure, recognised gains and losses and statement of cash flow for the year. They should take into account relevant statutory and other mandatory disclosure and accounting requirements and funding body requirements. \nThe audit services conducted by the successful Auditor must be conducted in accordance with International Standards on Auditing (UK and Ireland) issued from time to time by the Financial Reporting Council, relevant ethical standards and applicable law.",
        "secondStage": {
          "maximumCandidates": 4
        },
        "contractPeriod": {
          "durationInDays": 3600
        },
        "submissionTerms": {
          "variantPolicy": "notAllowed"
        },
        "selectionCriteria": {
          "description": "Pre-Qualification stage will be open to all suppliers, responses will be ranked suppliers as per the criteria\nset out in\nthe Instruction and Invitation To\nTender (IITT).\nA maximum of 4 suppliers will be invited to tender\nThe PQQ will be issued on around 12/1/21 here:\nhttps://southernwater.bravosolution.co.uk\nThe PQQ response time is 15 days"
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryLocation": {
          "description": "West Sussex"
        },
        "deliveryAddresses": [
          {
            "region": "UKJ"
          }
        ],
        "additionalClassifications": [
          {
            "id": "79212100",
            "scheme": "CPV",
            "description": "Financial auditing services"
          },
          {
            "id": "79212300",
            "scheme": "CPV",
            "description": "Statutory audit services"
          }
        ]
      }
    ],
    "title": "Statutory & Regulatory Audit",
    "value": {
      "amount": 6000000,
      "currency": "GBP"
    },
    "status": "active",
    "documents": [
      {
        "id": "economic",
        "documentType": "economicSelectionCriteria"
      },
      {
        "id": "technical",
        "documentType": "technicalSelectionCriteria"
      }
    ],
    "legalBasis": {
      "id": "32014L0025",
      "scheme": "CELEX"
    },
    "description": "Southern Water Services (SWS) under all Applicable Law relating to the financial reporting and audit of company accounts, including the statutory audit of public interest entities (PIEs), SWS is seeking to renew, for itself and on behalf of the Greensands Holdings Group (of which it is principal operating company), its statutory audit services by competitive tender. \nAs part of this process, Southern Water Services SWS is also seeking to renew the audit of its regulatory accounting statements within the annual performance report for each financial year, as required by its Instrument of Appointment (Licence) granted by the Secretary of State for the Environment as a water and sewerage undertaker under the Water Industry Act 1991 and as specified by the Water Services Regulation Authority (Ofwat).",
    "secondStage": {
      "invitationDate": "2021-02-08T00:00:00Z",
      "successiveReduction": true
    },
    "tenderPeriod": {
      "endDate": "2021-01-27T17:00:00Z"
    },
    "communication": {
      "atypicalToolUrl": "https://southernwater.bravosolution.co.uk"
    },
    "contractTerms": {
      "financialTerms": "As advised in the procurment documents and assessed at PQQ",
      "performanceTerms": "As described in the procurement documents",
      "tendererLegalForm": "The successful partners, whether being a single contractor, prime contractor (which may be an existing\ncompany or special purpose vehicle) or consortium, will be required to be a single legal entity",
      "hasElectronicPayment": true,
      "electronicInvoicingPolicy": "allowed"
    },
    "hasRecurrence": true,
    "classification": {
      "id": "79212300",
      "scheme": "CPV",
      "description": "Statutory audit services"
    },
    "submissionTerms": {
      "languages": [
        "en"
      ],
      "bidValidityPeriod": {
        "durationInDays": 180
      }
    },
    "submissionMethod": [
      "electronicSubmission",
      "written"
    ],
    "otherRequirements": {
      "reductionCriteria": "Pre-Qualification stage will be open to all suppliers, responses will be ranked suppliers as per the criteria\nset out in\nthe Instruction and Invitation To\nTender (IITT).\nA maximum of 4 suppliers will be invited to tender\nThe PQQ will be issued 12/1/21 here:\nhttps://southernwater.bravosolution.co.uk",
      "requiresStaffNamesAndQualifications": true
    },
    "procurementMethod": "selective",
    "selectionCriteria": {
      "criteria": [
        {
          "type": "suitability",
          "appliesTo": [
            "supplier"
          ],
          "description": "The audit services conducted by the successful Auditor must be conducted in accordance with International Standards on Auditing (UK and Ireland) issued from time to time by the Financial Reporting Council, relevant ethical standards and applicable law. \nAuditor independence is required, which can be considered to be a sub-set of objectivity, focused on the avoidance or management of particular relationships and activities that could, or could be seen to, compromise objectivity. For audits, auditor independence is required by law in the United Kingdom"
        },
        {
          "type": "technical",
          "description": "The audit services conducted by the successful Auditor must be conducted in accordance with International Standards on Auditing (UK and Ireland) issued from time to time by the Financial Reporting Council, relevant ethical standards and applicable law."
        }
      ]
    },
    "mainProcurementCategory": "services",
    "submissionMethodDetails": "https://southernwater.bravosolution.co.uk",
    "procurementMethodDetails": "Negotiated procedure with prior call for competition"
  },
  "parties": [
    {
      "id": "GB-FTS-446",
      "name": "Southern Water Services Ltd.",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKJ",
        "locality": "Worthing",
        "postalCode": "BN13 3NX",
        "countryName": "United Kingdom",
        "streetAddress": "Southern House"
      },
      "details": {
        "url": "http://www.southernwater.co.uk",
        "classifications": [
          {
            "id": "WATER",
            "scheme": "TED_CE_ACTIVITY",
            "description": "Water"
          }
        ]
      },
      "identifier": {
        "legalName": "Southern Water Services Ltd."
      },
      "contactPoint": {
        "url": "https://southernwater.bravosolution.co.uk",
        "email": "Kirsty.Lodge@southernwater.co.uk",
        "telephone": "+44 1903264444"
      }
    },
    {
      "id": "GB-FTS-447",
      "name": "Southern Water Services Limited",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "Worthing",
        "countryName": "United Kingdom"
      },
      "details": {
        "url": "http://www.southernwater.co.uk"
      },
      "identifier": {
        "legalName": "Southern Water Services Limited"
      },
      "contactPoint": {
        "telephone": "+44 1903274444"
      }
    },
    {
      "id": "GB-FTS-1394",
      "name": "Southern Water Ltd",
      "roles": [
        "reviewContactPoint"
      ],
      "address": {
        "locality": "Worthing",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "Southern Water Ltd"
      }
    }
  ],
  "language": "en",
  "description": "Submission of expression of interest and procurement specific information: This procurement exercise\nwill be conducted on the BravoSolution e-procurement portal at:\nhttps://southernwater.bravosolution.co.uk/ Candidates wishing to be considered for this contract must\nregister their expression of interest and provide additional procurement specific information through the\nportal as follows: i) Candidates should register on the BravoSolution e-procurement portal at:\nhttps://southernwater.bravosolution.co.uk/ ii) Once registered, candidates must express their interest as\nfollows: a) login to the portal; b) select ‘View current opportunities and notices’; c) access the listing\nrelated to this framework d) click on Express Interest\nbutton; iii) Once you have expressed interest, please complete the PQQ. You must then publish your\nreply using the publish button; iv) For any support in submitting your expression of interest please\ncontact the eTendering help desk at. 0800 368 4850 or help@bravosolution.co.uk\nCLOSING DATE FOR PQQ IS 27/01/21",
  "initiationType": "tender"
}