Award

GB-Colchester: 0402 - Internal Audit

COLCHESTER CITY COUNCIL

This public procurement record has 1 release in its history.

Award

28 May 2025 at 09:05

Award Notice
Summary of the contracting process

The public procurement process for internal audit services was managed by Colchester City Council, located in the East of England, UK. The tender was titled "GB-Colchester: 0402 - Internal Audit" and is classified under the CPV code 79212200 for internal audit services. This procurement falls under the services category and reached the award stage with the contract being awarded to TIAA LTD. Key milestones in the procurement included the tender period ending on 26th March 2025, with a subsequent contract commencement on 1st April 2025, lasting until 31st March 2028. The framework for procurement was carried out through a mini-competition under the CCS Framework Agreement RM6188 - Lot 1. Despite the procurement method details being unspecified, the total contract value was noted as £414,000.

This tender presents significant business growth opportunities for firms specialising in audit and assurance services. Companies experienced in public sector auditing, particularly those equipped to handle long-term contracts, would be well-suited to compete for such opportunities. Notably, the contract was not specifically aimed at small and medium-sized enterprises (SMEs), although TIAA LTD, characterised as an SME, successfully secured this contract, showcasing the potential for smaller firms to win public sector tenders. Suppliers registered in the CCS Framework, with a reliable track record in delivering similar services, can leverage this opportunity to expand their portfolio in the public sector, supporting strategic growth within the UK marketplace.

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Notice Information

Notice Title

GB-Colchester: 0402 - Internal Audit

Notice Description

Colchester City Council (the Council) wishes to commission a contractor to undertake Internal Audit Services, which has been successfully delivered by external suppliers since 1995, whilst a small in-house team delivers other audit and governance work. Further details of the requirements can be found in the accompanying tender documents. Additional information: Mini competition undertaken via CCS Framework Agreement RM6188 - Audit & Assurance Services (A&AS) - Lot 1: Internal Audit and Assurance

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0d5dff6c-12f1-4a6b-a45e-13fd3b6b30ea
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4a407ba8-35ea-46cb-91c0-e8f53a08409d
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79212200 - Internal audit services

Notice Value(s)

Tender Value
£414,000 £100K-£500K
Lots Value
Not specified
Awards Value
£414,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
28 May 20259 months ago
Submission Deadline
26 Mar 2025Expired
Future Notice Date
Not specified
Award Date
26 Mar 202511 months ago
Contract Period
31 Mar 2025 - 31 Mar 2028 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
COLCHESTER CITY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
COLCHESTER
Postcode
CO3 3WG
Post Town
Colchester
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH3 Essex
Small Region (ITL 3)
TLH34 Essex Haven Gateway
Delivery Location
Not specified
Local Authority
Colchester
Electoral Ward
Castle
Westminster Constituency
Colchester

Supplier Information

Number of Suppliers
1
Supplier Name

TIAA

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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