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Official procurement procedure

Internal Audit Services

Internal audit services
London (UKI41)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: London Borough of Newham: "Internal Audit Services". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityLondon Borough of NewhamScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: London Borough of Newham
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for London Borough of Newham. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Average Price Reduction
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
2.2Bids / Report
66.7% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 12 active published awards; 12 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Price reduction compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityLondon Borough of Newham
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published23 Apr 2025, 14:39 BST
Last source update23 Apr 2025, 14:39 BST
Recurring procurementNot published
ClassificationInternal audit services
Delivery area
London (UKI41)
OCIDocds-h6vhtk-04db8d
What is being bought
The Bidder is required to deliver twelve risk based audits to the corporate centre and directorates. A list of the 12 risk based audits will be provided after the appointment of the successful bidder, however, we reserve the right to make substitutions where required. We expect the average number of days for each audit to be approximately 20. These audits will be carried out during 2025/26, with all final reports cleared by the Corporate Directors and being delivered to the Internal Audit Manager within 12 months after the start date of this contract. We expect that these audits will be spread throughout the year and we will work with the successful bidder to agree a suitable timetable.
What changed
From the official release history
  1. Status changed to complete
    23 Apr 2025, 14:39 BST
  2. Official notice release published
    23 Apr 2025, 14:39 BST
  3. Submission deadline changed to published date
    23 Apr 2025, 14:39 BST
  4. Buyer information updated
    23 Apr 2025, 14:39 BST
  5. Status changed to active
    4 Feb 2025, 15:40 GMT
  6. Official notice release published
    4 Feb 2025, 15:40 GMT
  7. Submission deadline changed to 6 Mar 2025, 12:00 GMT
    4 Feb 2025, 15:40 GMT
  8. Buyer information updated
    4 Feb 2025, 15:40 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    The audits to be undertaken and their timing will be selected by the Council's Internal Audit Manager with a scope agreed by them and are likely to cover the following areas (please note that this list is indicative of the audits to be undertaken, but the exact audits may change during the year): • Risk based council audits • Financial system audits • IT audits.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    23 Apr 2025, 14:39 BST
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 1 Apr 2025, 00:00 BST · £417,150
Commercial outcome and competition
Awards
TIAA Ltd
Not published · Not published · active
Contracts
Contract
£417,150 · signed 1 Apr 2025, 00:00 BST · active
Bid statistics
bids: 4 (lot 1)
Buyer and organisations in this procedure

London Borough of Newham

Contracting authority GB-FTS-144160
View buyer profile

  • London Borough of Newham
    buyer

    Newham Dockside, London, UKI41, E162QU
    procurement.support@newham.gov.uk

  • Royal Courts of Justice
    reviewBody

    Strand, London, WC2A 2LL

  • TIAA Ltd
    supplier

    GB-COH: 04546319
    Fareham, UK
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published