Award

GB-LONDON: External Audit

PEABODY TRUST

This public procurement record has 1 release in its history.

Award

18 Oct 2024 at 15:15

Summary of the contracting process

The public procurement process overseen by Peabody Trust has resulted in the award of an external audit contract titled "GB-LONDON: External Audit" to KPMG LLP. This process falls under the services category, specifically auditing services, as classified under the CPV code 79212000 with additional classifications in statutory audit services (CPV code 79212300). The procurement stage has reached the award phase, completed on 17 October 2024. The contract, valued at £3,225,000, will commence on 18 October 2024 and continue until 31 March 2027. The geographical locations covered by this contract include the United Kingdom, British Overseas Territories, Channel Islands, Europe, Isle of Man, and the rest of the world, reflecting a broad operational scope.

This tender presents significant opportunities for businesses in the auditing and professional services sector, particularly large firms capable of handling statutory and external auditing requirements across multiple jurisdictions. Firms with expertise in these areas could leverage this contract for growth, given the substantial financial scope and the three-year duration of the contract. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are noted as unsuitable for this particular tender, indicating a preference for larger, more established suppliers with extensive resources and experience. Overall, this procurement highlights a critical opportunity for market-leading auditing firms to expand their client portfolio and operations across various regions.

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Notice Title

GB-LONDON: External Audit

Notice Description

Notice of award of external audit contract

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-09a5a35b-62e4-4b2b-ae0e-4a135ccfc3a3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8e39b685-0396-4b3e-828d-2ff1ed3bda15
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79212000 - Auditing services

79212300 - Statutory audit services

Notice Value(s)

Tender Value
£3,225,000 £1M-£10M
Lots Value
Not specified
Awards Value
£3,225,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
18 Oct 20241 years ago
Submission Deadline
16 Oct 2024Expired
Future Notice Date
Not specified
Award Date
16 Oct 20241 years ago
Contract Period
17 Oct 2024 - 31 Mar 2027 2-3 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
PEABODY TRUST
Contact Name
Procurement Team
Contact Email
procurement.enquiries@peabody.org.uk
Contact Phone
03001233456

Buyer Location

Locality
LONDON
Postcode
SE1 7JB
Post Town
South East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
Not specified

Local Authority
Southwark
Electoral Ward
St George's
Westminster Constituency
Bermondsey and Old Southwark

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG

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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