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AwardedFind a Tender · award

Appointment of an External Auditor

Buyer: FREEPORT EAST LIMITED →

BuyerFREEPORT EAST LIMITED
StatusAwarded
DeadlineNot published
ValueValue not published
Published9 Jul 2024

What is being bought

Freeport East Ltd is seeking an independent external auditor to review the financial information of our company and report back on findings. The Company is required to file its first set of audited Accounts (made up from 6 December 2022 to 31 March 2023; and April 2023 to 31 March 2024) with Companies House by 6 September 2024. Our first Annual General Meeting is due to be held on 26 September 2024, and we would like to present a full set of audited accounts and the Auditors Report to our members at this meeting. The audit process will be overseen by the company's Finance and Audit Committee, which is a sub-group of the Supervisory Board. The Finance and Audit Committee is led by the Accountable Body's Section 151 officer and whose membership includes the company's chair of the Board and another Board director. Meetings are held virtually every two months. The Supervisory Board sets the strategic direction of Freeport East and approves the company's strategic decisions, including annual budget, business plan and longer-term strategy. To be successful as an external auditor, you should have excellent knowledge of auditing principles, be analytical, and have good communication skills. Ultimately, we are looking for an external auditor who can make informed and rational decisions, be objective, and is detail orientated.

Delivery location

UKH

Categories

Financial and insurance services 66000000

Lot details

Lot 1

The company is looking to appoint an external auditor for a period of 12 months, with the opportunity to extend the contract for a further 24 months, based on acceptable performance in the first 12 months and upon approval by the Supervisory Board. To be successful as an external auditor, you should have excellent knowledge of auditing principles, be analytical, and have good communication skills. Ultimately, we are looking for an external auditor who can make informed and rational decisions, be objective, and is detail orientated. External Auditor Responsibilities: • Evaluating financial statements and assessing accounts for accuracy and compliance. • Investigating internal systems and operations. • Assessing risk management approaches. • Reporting on errors and fraud. • Providing feedback reports on findings. External Auditor Requirements: • CCAB qualified accountant • Degree in accounting or finance. • Previous experience as an external auditor. • Experience in data analysis and reporting on finances. • Strong knowledge of accounting principles. • Proficiency in ERP software. • Good decision-making abilities. • Problem-solving skills. • Professional and trustworthy.

Statuscancelled

Award criteria
price

What is included

ItemCategoryQuantity
1Not publishedNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 66. The category anchor is Financial and insurance services (66000000); 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 662,7583 median · 17.2 average (1,184 of 2,758 with a bid count)2.5 average (1,316 of 2,758 with named award suppliers)Not published
Same buyer0Not publishedNot publishedNot published
Delivery region: UKH1103 median · 23.6 average (40 of 110 with a bid count)4.9 average (43 of 110 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 byNot published
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

020912-2024-1

Statusactive
SupplierAzets

Contracts

020912-2024-1

Statusactive
Value£9,350

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-04377a
Latest release ID020912-2024
Latest release timestampTue Jul 09 2024 12:27:55 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
9 Jul 2024award, contract020912-2024
6 Feb 2024tender003842-2024

All source data

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

Complete current OCDS release JSON
{
  "id": "020912-2024",
  "tag": [
    "award",
    "contract"
  ],
  "bids": {
    "statistics": [
      {
        "id": "1",
        "value": 1,
        "measure": "bids",
        "relatedLot": "1"
      }
    ]
  },
  "date": "2024-07-09T13:27:55+01:00",
  "ocid": "ocds-h6vhtk-04377a",
  "buyer": {
    "id": "GB-COH-14525587",
    "name": "FREEPORT EAST LIMITED"
  },
  "awards": [
    {
      "id": "020912-2024-1",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-COH-09652677",
          "name": "Azets"
        }
      ],
      "relatedLots": [
        "1"
      ]
    }
  ],
  "tender": {
    "id": "ocds-h6vhtk-04377a",
    "lots": [
      {
        "id": "1",
        "status": "cancelled",
        "options": {
          "description": "An initial period of 12 months, with opportunity to extend the contract for a further 24 months, based on acceptable performance in the first 12 months and upon approval of the Supervisory Board."
        },
        "hasOptions": true,
        "description": "The company is looking to appoint an external auditor for a period of 12 months, with the opportunity to extend the contract for a further 24 months, based on acceptable performance in the first 12 months and upon approval by the Supervisory Board.\nTo be successful as an external auditor, you should have excellent knowledge of auditing principles, be analytical, and have good communication skills. Ultimately, we are looking for an external auditor who can make informed and rational decisions, be objective, and is detail orientated.\nExternal Auditor Responsibilities:\n•\tEvaluating financial statements and assessing accounts for accuracy and compliance.\n•\tInvestigating internal systems and operations.\n•\tAssessing risk management approaches.\n•\tReporting on errors and fraud.\n•\tProviding feedback reports on findings.\nExternal Auditor Requirements:\n•\tCCAB qualified accountant\n•\tDegree in accounting or finance.\n•\tPrevious experience as an external auditor.\n•\tExperience in data analysis and reporting on finances.\n•\tStrong knowledge of accounting principles.\n•\tProficiency in ERP software.\n•\tGood decision-making abilities.\n•\tProblem-solving skills.\n•\tProfessional and trustworthy.",
        "awardCriteria": {
          "criteria": [
            {
              "type": "price"
            }
          ]
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryLocation": {
          "description": "Harwich, Essex"
        },
        "deliveryAddresses": [
          {
            "region": "UKH"
          }
        ]
      }
    ],
    "title": "Appointment of an External Auditor",
    "status": "complete",
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "description": "Freeport East Ltd is seeking an independent external auditor to review the financial information of our company and report back on findings. \nThe Company is required to file its first set of audited Accounts (made up from 6 December 2022 to 31 March 2023; and April 2023 to 31 March 2024) with Companies House by 6 September 2024.\nOur first Annual General Meeting is due to be held on 26 September 2024, and we would like to present a full set of audited accounts and the Auditors Report to our members at this meeting.\nThe audit process will be overseen by the company's Finance and Audit Committee, which is a sub-group of the Supervisory Board. The Finance and Audit Committee is led by the Accountable Body's Section 151 officer and whose membership includes the company's chair of the Board and another Board director. Meetings are held virtually every two months.\nThe Supervisory Board sets the strategic direction of Freeport East and approves the company's strategic decisions, including annual budget, business plan and longer-term strategy.\nTo be successful as an external auditor, you should have excellent knowledge of auditing principles, be analytical, and have good communication skills. Ultimately, we are looking for an external auditor who can make informed and rational decisions, be objective, and is detail orientated.",
    "classification": {
      "id": "66000000",
      "scheme": "CPV",
      "description": "Financial and insurance services"
    },
    "procurementMethod": "open",
    "mainProcurementCategory": "services",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-COH-14525587",
      "name": "FREEPORT EAST LIMITED",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKH",
        "locality": "HARWICH",
        "postalCode": "CO12 4SR",
        "countryName": "United Kingdom",
        "streetAddress": "Parkeston Quay,Parkeston"
      },
      "details": {
        "url": "https://www.freeporteast.co.uk",
        "classifications": [
          {
            "scheme": "TED_CA_TYPE",
            "description": "Freeport"
          },
          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
        ]
      },
      "identifier": {
        "id": "14525587",
        "scheme": "GB-COH",
        "legalName": "FREEPORT EAST LIMITED"
      },
      "contactPoint": {
        "name": "marie Finbow",
        "email": "marie.finbow@freeporteast.co.uk",
        "telephone": "+44 7825732005"
      }
    },
    {
      "id": "GB-COH-09652677",
      "name": "Azets",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UKI",
        "locality": "London",
        "postalCode": "EC4R 9AN",
        "countryName": "United Kingdom",
        "streetAddress": "2nd Floor, Regis House, 45 King William Street"
      },
      "details": {
        "scale": "large"
      },
      "identifier": {
        "id": "09652677",
        "scheme": "GB-COH",
        "legalName": "Azets"
      }
    },
    {
      "id": "GB-FTS-117974",
      "name": "East Suffolk Council",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "Woodbridge, Suffolk",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "East Suffolk Council"
      }
    }
  ],
  "language": "en",
  "contracts": [
    {
      "id": "020912-2024-1",
      "value": {
        "amount": 9350,
        "currency": "GBP"
      },
      "status": "active",
      "awardID": "020912-2024-1",
      "dateSigned": "2024-04-24T00:00:00+01:00"
    }
  ],
  "initiationType": "tender"
}
Complete JSON history (2 releases)
9 Jul 2024 · 020912-2024 · award, contract
{
  "id": "020912-2024",
  "tag": [
    "award",
    "contract"
  ],
  "bids": {
    "statistics": [
      {
        "id": "1",
        "value": 1,
        "measure": "bids",
        "relatedLot": "1"
      }
    ]
  },
  "date": "2024-07-09T13:27:55+01:00",
  "ocid": "ocds-h6vhtk-04377a",
  "buyer": {
    "id": "GB-COH-14525587",
    "name": "FREEPORT EAST LIMITED"
  },
  "awards": [
    {
      "id": "020912-2024-1",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-COH-09652677",
          "name": "Azets"
        }
      ],
      "relatedLots": [
        "1"
      ]
    }
  ],
  "tender": {
    "id": "ocds-h6vhtk-04377a",
    "lots": [
      {
        "id": "1",
        "status": "cancelled",
        "options": {
          "description": "An initial period of 12 months, with opportunity to extend the contract for a further 24 months, based on acceptable performance in the first 12 months and upon approval of the Supervisory Board."
        },
        "hasOptions": true,
        "description": "The company is looking to appoint an external auditor for a period of 12 months, with the opportunity to extend the contract for a further 24 months, based on acceptable performance in the first 12 months and upon approval by the Supervisory Board.\nTo be successful as an external auditor, you should have excellent knowledge of auditing principles, be analytical, and have good communication skills. Ultimately, we are looking for an external auditor who can make informed and rational decisions, be objective, and is detail orientated.\nExternal Auditor Responsibilities:\n•\tEvaluating financial statements and assessing accounts for accuracy and compliance.\n•\tInvestigating internal systems and operations.\n•\tAssessing risk management approaches.\n•\tReporting on errors and fraud.\n•\tProviding feedback reports on findings.\nExternal Auditor Requirements:\n•\tCCAB qualified accountant\n•\tDegree in accounting or finance.\n•\tPrevious experience as an external auditor.\n•\tExperience in data analysis and reporting on finances.\n•\tStrong knowledge of accounting principles.\n•\tProficiency in ERP software.\n•\tGood decision-making abilities.\n•\tProblem-solving skills.\n•\tProfessional and trustworthy.",
        "awardCriteria": {
          "criteria": [
            {
              "type": "price"
            }
          ]
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryLocation": {
          "description": "Harwich, Essex"
        },
        "deliveryAddresses": [
          {
            "region": "UKH"
          }
        ]
      }
    ],
    "title": "Appointment of an External Auditor",
    "status": "complete",
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "description": "Freeport East Ltd is seeking an independent external auditor to review the financial information of our company and report back on findings. \nThe Company is required to file its first set of audited Accounts (made up from 6 December 2022 to 31 March 2023; and April 2023 to 31 March 2024) with Companies House by 6 September 2024.\nOur first Annual General Meeting is due to be held on 26 September 2024, and we would like to present a full set of audited accounts and the Auditors Report to our members at this meeting.\nThe audit process will be overseen by the company's Finance and Audit Committee, which is a sub-group of the Supervisory Board. The Finance and Audit Committee is led by the Accountable Body's Section 151 officer and whose membership includes the company's chair of the Board and another Board director. Meetings are held virtually every two months.\nThe Supervisory Board sets the strategic direction of Freeport East and approves the company's strategic decisions, including annual budget, business plan and longer-term strategy.\nTo be successful as an external auditor, you should have excellent knowledge of auditing principles, be analytical, and have good communication skills. Ultimately, we are looking for an external auditor who can make informed and rational decisions, be objective, and is detail orientated.",
    "classification": {
      "id": "66000000",
      "scheme": "CPV",
      "description": "Financial and insurance services"
    },
    "procurementMethod": "open",
    "mainProcurementCategory": "services",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-COH-14525587",
      "name": "FREEPORT EAST LIMITED",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKH",
        "locality": "HARWICH",
        "postalCode": "CO12 4SR",
        "countryName": "United Kingdom",
        "streetAddress": "Parkeston Quay,Parkeston"
      },
      "details": {
        "url": "https://www.freeporteast.co.uk",
        "classifications": [
          {
            "scheme": "TED_CA_TYPE",
            "description": "Freeport"
          },
          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
        ]
      },
      "identifier": {
        "id": "14525587",
        "scheme": "GB-COH",
        "legalName": "FREEPORT EAST LIMITED"
      },
      "contactPoint": {
        "name": "marie Finbow",
        "email": "marie.finbow@freeporteast.co.uk",
        "telephone": "+44 7825732005"
      }
    },
    {
      "id": "GB-COH-09652677",
      "name": "Azets",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UKI",
        "locality": "London",
        "postalCode": "EC4R 9AN",
        "countryName": "United Kingdom",
        "streetAddress": "2nd Floor, Regis House, 45 King William Street"
      },
      "details": {
        "scale": "large"
      },
      "identifier": {
        "id": "09652677",
        "scheme": "GB-COH",
        "legalName": "Azets"
      }
    },
    {
      "id": "GB-FTS-117974",
      "name": "East Suffolk Council",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "Woodbridge, Suffolk",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "East Suffolk Council"
      }
    }
  ],
  "language": "en",
  "contracts": [
    {
      "id": "020912-2024-1",
      "value": {
        "amount": 9350,
        "currency": "GBP"
      },
      "status": "active",
      "awardID": "020912-2024-1",
      "dateSigned": "2024-04-24T00:00:00+01:00"
    }
  ],
  "initiationType": "tender"
}
6 Feb 2024 · 003842-2024 · tender
{
  "id": "003842-2024",
  "tag": [
    "tender"
  ],
  "date": "2024-02-06T11:37:00Z",
  "ocid": "ocds-h6vhtk-04377a",
  "buyer": {
    "id": "GB-COH-14525587",
    "name": "FREEPORT EAST LIMITED"
  },
  "tender": {
    "id": "ocds-h6vhtk-04377a",
    "lots": [
      {
        "id": "1",
        "value": {
          "amount": 10000,
          "currency": "GBP"
        },
        "status": "active",
        "options": {
          "description": "The company is looking to appoint an external auditor for a period of 12 months, with the opportunity to extend the contract for a further 24 months, based on acceptable performance in the first 12 months and upon approval by the Supervisory Board."
        },
        "hasOptions": true,
        "hasRenewal": false,
        "description": "We are looking for an external auditor to examine the financial statements of the company and provide feedback. The responsibilities of external auditors include planning effective auditing processes, performing audits, and reporting back on findings.\nFreeport East Ltd is a company limited by guarantee (without shares) and incorporated on 6 December 2022. \nFreeport East Ltd is a not-for-profit SME and currently employs 6 FTE with the potential to grow to up to 10 FTE over the next 12 months.\nEast Suffolk Council acts as the company's accountable body and retains and administers all of the company's income on its behalf. The Company currently uses the accounting system for East Suffolk Council, including a separate bank account which has been set up by the Council on behalf of Freeport East Ltd.\nThe Company is required to file its first set of audited Accounts (made up from 6 December 2022 to 31 March 2023; and April 2023 to 31 March 2024) with Companies House by 6 September 2024.\nOur first Annual General Meeting is due to be held on 26 September 2024, and we would like to present a full set of audited accounts and the Auditors Report to our members at this meeting.\nThe audit process will be overseen by the company's Finance and Audit Committee, which is a sub-group of the Supervisory Board. The Finance and Audit Committee is led by the Accountable Body's Section 151 officer and whose membership includes the company's chair of the Board and another Board director. Meetings are held virtually every two months.\nThe Supervisory Board sets the strategic direction of Freeport East and approves the company's strategic decisions, including annual budget, business plan and longer-term strategy.\nOur estimated funding is estimated to be just over £25 million over the next financial year. This includes seed capital funding and pooled future business rates (further detail below), which is held by the Accountable Body and is not funding that flows through the company. Freeport East' role is initiating the funding and its release. \nFunding received since incorporation includes £1 million in capacity funding and £12 million seed capital funding from the Department for Levelling Up, Housing and Communities (part of the £25m, with the remaining seed capital funding expected to be drawn down in the financial year 2024/25).\nIn addition, our five local authorities have also pooled £800,000 from future retained business rates to enable the freeport to launch two grant schemes to support businesses in our region through our Clean Growth fund and our Innovation and Skills fund.\nIn the meantime, we may also receive some further capacity funding from Government.\nOur operational costs are estimated at £1.25 million per annum.\nOur future source of income will be 100% retention of business rates generated across our five tax sites over the next 25 years.\nTo be successful as an external auditor, you should have excellent knowledge of auditing principles, be analytical, and have good communication skills. Ultimately, we are looking for an external auditor who can make informed and rational decisions, be objective, and is detail orientated.\nExternal Auditor Responsibilities:\n•\tEvaluating financial statements and assessing accounts for accuracy and compliance.\n•\tInvestigating internal systems and operations.\n•\tAssessing risk management approaches.\n•\tReporting on errors and fraud.\n•\tProviding feedback reports on findings.\nExternal Auditor Requirements:\n•\tCCAB qualified accountant\n•\tDegree in accounting or finance.\n•\tPrevious experience as an external auditor.\n•\tExperience in data analysis and reporting on finances.\n•\tStrong knowledge of accounting principles.\n•\tProficiency in ERP software.\n•\tGood decision-making abilities.\n•\tProblem-solving skills.\n•\tProfessional and trustworthy. Additional information: Background\nWe are one of 12 freeports in the UK with an ambition to be a hub for global trade and national regeneration as well as creating a hotbed for innovation that will have impact across the UK. \nFreeport East covers a geographic area on the east coast of England including Harwich, Felixstowe, Colchester, Ipswich and Stowmarket and is a partnership between local stakeholders across the public and private sectors charged with delivering the Government's freeport policy. Our members and wider partners include Hutchison Ports, Gateway 14, Essex County Council, Suffolk County Council, East Suffolk Council, Tendring District Council, Babergh and Mid Suffolk Councils and the University of Essex.\nWith our unique global links and existing innovative sectoral clusters, the aim of our freeport is to attract inward international investment and drive domestic growth, propelling the country's economy forward.\nOur freeport is anchored around three main development sites (and two smaller sites) that offer a suite of investment incentives.\nThe main sites are located at the Port of Felixstowe, Harwich International Port and Gateway 14 near Stowmarket.\nAs a freeport, we can offer tax site incentives and a bespoke customs operations model that can be applied to any site, anywhere across our geography, designed to support increased trade and investment.\nThrough the UK Government, freeports have enhanced opportunities to access innovation and regulatory support, including financial resources.\nAll 12 UK freeports work closely with the UK Government to deliver the support and investment our regions require.\nFreeports are a fundamental part of the UK Government's Levelling Up agenda and were established to increase opportunities across the country. They are crucial for the UK's recovery after Covid, aiding the levelling up process by boosting jobs, investment, and prosperity through focused support.",
        "contractPeriod": {
          "durationInDays": 360
        },
        "submissionTerms": {
          "variantPolicy": "notAllowed"
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryLocation": {
          "description": "Our Headquarters is at Harwich International Port, Parkeston Quay, Harwich, C012 4SR"
        },
        "deliveryAddresses": [
          {
            "region": "UKH"
          }
        ],
        "additionalClassifications": [
          {
            "id": "79000000",
            "scheme": "CPV",
            "description": "Business services: law, marketing, consulting, recruitment, printing and security"
          }
        ]
      }
    ],
    "title": "Appointment of an External Auditor",
    "value": {
      "amount": 10000,
      "currency": "GBP"
    },
    "status": "active",
    "documents": [
      {
        "id": "technical",
        "documentType": "technicalSelectionCriteria"
      }
    ],
    "bidOpening": {
      "date": "2024-03-18T08:00:00Z"
    },
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "awardPeriod": {
      "startDate": "2024-03-18T08:00:00Z"
    },
    "description": "Freeport East Ltd is seeking an independent external auditor to examine the financial statements of the company and provide feedback. The responsibilities of external auditor(s) include planning effective auditing processes, performing audits, and reporting back on findings.\nTo be successful as an external auditor, you should have excellent knowledge of auditing principles, be analytical, and have good communication skills. Ultimately, we are looking for an external auditor who can make informed and rational decisions, be objective, and is detail orientated.\nThe company is looking to appoint an external auditor for a period of 12 months, with the opportunity to extend the contract for a further 24 months, based on acceptable performance in the first 12 months and upon approval by the Supervisory Board.",
    "tenderPeriod": {
      "endDate": "2024-03-15T12:00:00Z"
    },
    "hasRecurrence": false,
    "classification": {
      "id": "66000000",
      "scheme": "CPV",
      "description": "Financial and insurance services"
    },
    "submissionTerms": {
      "languages": [
        "en"
      ]
    },
    "submissionMethod": [
      "electronicSubmission",
      "written"
    ],
    "procurementMethod": "open",
    "selectionCriteria": {
      "criteria": [
        {
          "type": "suitability",
          "appliesTo": [
            "supplier"
          ],
          "description": "External Auditor Requirements:\n•\tCCAB qualified accountant\n•\tDegree in accounting or finance.\n•\tPrevious experience as an external auditor.\n•\tExperience in data analysis and reporting on finances.\n•\tStrong knowledge of accounting principles.\n•\tProficiency in ERP software.\n•\tGood decision-making abilities.\n•\tProblem-solving skills.\n•\tProfessional and trustworthy.\nIn setting out your response to this ITT, please ensure that the following is included:\n1.\tExplain the audit approach that you will adopt and how you believe this best meets the needs of Freeport East Ltd.\n2.\tSpecify the proposed team who will undertake the work, along with their skills set and ability to deliver the audit service in a timely manner. \n3.\tDemonstrate an understanding of our business and provide examples of working with similar companies. \n4.\tOutline the training programmes you have in place to ensure your staff meet continuing professional development requirements.\n5.\tExplain how you will develop your understanding of the major risks for our company and how to respond.\n6.\tOutline your approach to communication and reporting back to our Finance and Audit Committee and the planned frequency of written and verbal communications.\n7.\tBriefly outline your approach to innovation and the extent to which technology will be integrated into the audit approach (including, where relevant, use of data analytics)\n8.\tTo enable us to assess compliance with independence requirements as well as your approach to ensuring an appropriate ethical culture exists within your company, please outline your firm's audit quality control arrangements and provide copies of your firm's latest external and internal quality reviews and the actions put into place to address any issues that arose from these reviews.\n9.\tProvide an overview of any additional services that your company provides, which could be of value to Freeport East Ltd and your connections with our geography.\n10.\tProvide a brief explanation on your company's values and your approach to business ethics."
        },
        {
          "type": "economic",
          "appliesTo": [
            "supplier"
          ],
          "description": "Cost / Value for Money\t10%\nEffectiveness of the audit process\t30%\nAccess to additional services / added value\t15%\nDemonstrate an understanding of our business \t10%\nCommunication / company auditor relationship\t15%\nLinks with geographical area\t20%"
        },
        {
          "type": "technical",
          "description": "CCAB qualified accountant"
        }
      ]
    },
    "mainProcurementCategory": "services",
    "submissionMethodDetails": "https://freeporteast.co.uk/",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-COH-14525587",
      "name": "FREEPORT EAST LIMITED",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKH",
        "locality": "HARWICH",
        "postalCode": "CO12 4SR",
        "countryName": "United Kingdom",
        "streetAddress": "Parkeston Quay,Parkeston"
      },
      "details": {
        "url": "https://freeporteast.co.uk/",
        "buyerProfile": "https://freeporteast.co.uk/",
        "classifications": [
          {
            "scheme": "TED_CA_TYPE",
            "description": "Private not-for-profit SME solely funded through Government and Local funding"
          },
          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
        ]
      },
      "identifier": {
        "id": "14525587",
        "scheme": "GB-COH",
        "legalName": "FREEPORT EAST LIMITED"
      },
      "contactPoint": {
        "url": "https://freeporteast.co.uk/",
        "name": "Marie Finbow",
        "email": "marie.finbow@freeporteast.co.uk",
        "telephone": "+44 7825732005"
      }
    },
    {
      "id": "GB-FTS-104437",
      "name": "Freeport East Limited",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "Harwich, Essex",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "Freeport East Limited"
      }
    }
  ],
  "language": "en",
  "initiationType": "tender"
}