Tender

Audit Services for Midland Metro Limited

WEST MIDLANDS COMBINED AUTHORITY

This public procurement record has 1 release in its history.

Tender

26 Jan 2022 at 18:49

Tender Notice
Summary of the contracting process

The West Midlands Combined Authority is seeking Audit Services for Midland Metro Limited through an open tender procedure. This procurement is classified under accounting, auditing, and fiscal services and is located in the West Midlands, United Kingdom. The tender, identified as MML0080, has a deadline for submissions set for 10th February 2022, with a contract commencement date aimed for 15th March 2022. The initial contract duration is three years, with an option for a two-year extension based on performance. The estimated value of the contract is £100,000, with a minimum bid threshold of £60,000.

This opportunity presents a significant growth potential for businesses specialising in auditing services, especially small and medium-sized enterprises (SMEs). Firms that can demonstrate expertise in financial statement review, adherence to The Companies Act 2006, and comprehensive risk assessment are particularly well-suited to compete. By successfully securing the contract, businesses can establish a long-term relationship with a key player in public transportation oversight within the region.

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Notice Information

Notice Title

Audit Services for Midland Metro Limited

Notice Description

Midland Metro Limited has a requirement for Auditing services. The primary role of the Auditor is to present unbiased and independent audit reports on all matters described in the specification and Invitation to Tender documentation regarding the performance of MML. As a minimum, the appointed Auditor will be responsible for: * Reviewing the MML's Financial Statements with focus on the profit and loss for the year then ended; * Ensuring that Financial Statements have been prepared in accordance with The Companies Act 2006; * Ensuring the Strategic report and the Directors' report has been prepared in accordance with applicable legal requirements; * Ensuring any risks identified are flagged and detailed in a report format; * Providing their views about the qualitative aspects of the MML's accounting practices and financial reporting. The target date for formal contract commencement is March 2022, with a proposed duration of three (3) years. An option to extend the contract by a further two years (1+1) will be applied and may be entered into (subject to continued satisfactory performance by the Auditor). Please follow the link below to review the procurement documentation associated with this requirement; https://wmca.bravosolution.co.uk/go/13867930017E96DC600A An associated advertisement can be found here: https://www.finditinbirmingham.com/opportunities/mml0080--audit-service-for-midland-metro-limited

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-04550aba-ce53-4095-8a0a-41bb42a27ff0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a4f98093-baad-4e79-a3d8-bf35ebad9255
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79200000 - Accounting, auditing and fiscal services

Notice Value(s)

Tender Value
£100,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
26 Jan 20224 years ago
Submission Deadline
10 Feb 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
15 Mar 2022 - 14 Mar 2025 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
WEST MIDLANDS COMBINED AUTHORITY
Contact Name
Ian MacKinnon
Contact Email
ian.mackinnon@wmca.org.uk
Contact Phone
Not specified

Buyer Location

Locality
BIRMINGHAM
Postcode
B19 3SD
Post Town
Birmingham
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
TLG West Midlands (England)
Local Authority
Birmingham
Electoral Ward
Newtown
Westminster Constituency
Birmingham Ladywood

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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