Official UK procurement notice
The Provision of External Audit Services for the City of London
Authority: The Mayor and Commonalty and Citizens of the City of London (Local council)
What is being bought
Published requirement descriptionThe City of London Corporation (the City) is undertaking a 1 stage procurement process in relation to the provision of External Audit Services (the 'Service').
The Service relates to the appointment of an auditor to audit and independently examine the City’s various financial statements and to carry out certification of various grant claims and returns.
Further information for this opportunity can be found in II.2.4) Description of the procurement field (of this notice).
CPV: Auditing services · Statutory audit services
The lotProcurement structure
single lot · no lot value publishedLot #1The City of London Corporation (the City) invites Tenders for the provision of…Renewal
The City of London Corporation (the City) invites Tenders for the provision of External Audit Services.
The City is a unique organisation which operates across the public (local authority), private and charitable sectors and requires an audit firm with the capability and capacity to meet the external audit requirements across all its entities.
The Service relates to the appointment of an auditor to audit and independently examine the City’s various financial statements and to carry out certification of various grant claims and returns.
The number of financial statements and the level of certification work required may increase or decrease during the life of the contract.
Where applicable, the City will adopt the level of audit review required for its Sundry Trusts in line with Charities Act 2011 financial thresholds. It will therefore adopt full audits, Independent Examinations (IE) and or no audit review where required.
This procurement will be a one (1) stage Open procedure. The description of the requirements for the External Audit Services are set out in the procurement documents, particularly the specification — available from: www.capitalesourcing.com ↗
The duration of the contract is three (3) years, with the option to extend up to one (1) further year. The Contract is intended to commence 30th September 2021.
The estimated total value of the contract is also stated in II.1.5) and II.2.6) of this notice and is for the entire duration, i.e. including the optional extensions.
Organisations should be aware that due to the contract value (of the Service), any contract formed as a result of this procurement process shall be executed as a deed. Organisations should seek independent legal advice on the implications of this prior to submitting their tender, where appropriate.
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/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
- 5 Mar 2021, 22:56 GMT
- Last source update
- 10 Jun 2021, 22:45 BST
- Award evaluation window
- 12 Jul 2021 – …
- Authority reference
prj_COL_16917- FTS notice number
2021/S 000-013125- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-02991fFind a Tender
- Review procedure
The contracting authority will incorporate a minimum 10 calendar days (when using electronic means) standstill period at the point information on the award of the contract is communicated to tenderers. This period allows unsuccessful tenderers to challenge the decision to award a contract before a contract is executed. The Public Contracts Regulations 2015 ('Regulations') provide for aggrieved parties who have been harmed or at risk of harm by a breach of the rules to take action in the High Court (England, Wales and Northern Ireland). Any such action must be brought promptly and within the time limits as defined in the above regulations. Where a contract has not been entered into the court may order the setting aside of the award decision or order the contracting authority to amend any document and may award damages. If the contract has been entered into the court has the options to award damages and/or to shorten or order the contract ineffective.
Publisher note: This procurement process is being undertaken using the electronic tendering system 'CapitaleSourcing' (url:www.capitalesourcing.com). Suppliers will need to register an interest on the system in order to participate and registration is free. This is a one stage procurement process (Open Procedure); therefore, suppliers will need to register an interest on the system and submit a tender submission no later than 12.00 on 12.07.2021 in order to participate and registration is free. Tender submissions cannot be uploaded after the return deadline. The estimated value given at II.2.6) is for the full duration of the contract, which is up to four (4) years in total. The contracting authority reserves the right at any time to vary the timescales in this notice, cease the procurement process and not award the contract or to award only part of the opportunity described in this notice .If the contracting authority takes up any of these rights then it will not be responsible for, or pay the expenses or losses, which may be incurred by any candidate or tenderer as a result. Economic operators are solely responsible for their costs and expenses incurred in connection with the preparation of their tender submissions and all stages throughout the procurement. Under no circumstances will the contracting authority be liable for costs or expense borne by the economic operators. Any questions relating to this procurement must be made via the correspondence area in the Capital eSourcing system.
How it was run
Official notice- Submission deadline
- 12 Jul 2021, 12:00 BST
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bid validity
- 180 days from the deadline
- Bids opened
- 12 Jul 2021, 12:00 BST
Timeline
14 May 2021 → 12 Jul 2021 · 4 dates- Next notice expected14 May 2021, 00:00 BST
- Notice published10 Jun 2021, 22:45 BST
- Submission deadline12 Jul 2021, 12:00 BST
- Bids opened12 Jul 2021, 12:00 BST
Notice history
4 events · 3 releases on Find a Tender · since 10 Jun 2021- Published value updated to £1,672,00010 Jun 2021, 22:45 BSTwas £12,000,000
- Status changed to active10 Jun 2021, 22:45 BST
- Procurement method changed10 Jun 2021, 22:45 BST
- Deadline published: 12 Jul 2021, 12:00 BST10 Jun 2021, 22:45 BST
Published amendments (1 · 0 deadline changes)
| When | What | Before | After | Shift |
|---|---|---|---|---|
| — | TextEstimated total value · II.1.5) | 12000000 | 1200000 |
1 amendment published without a description.
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High Court, Royal Courts of JusticeReview bodyReview contact point
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria