Award

Highways England KF L&P 2020-21

NATIONAL AUDIT OFFICE

This public procurement record has 1 release in its history.

Award

21 Oct 2021 at 15:50

Award Notice
Summary of the contracting process

The National Audit Office (NAO) is conducting a procurement process for auditing services under the title "Highways England KF L&P 2020-21." This tender falls under the industry category of auditing services (CPV Code: 79212000) and is located in London, England. The procurement method is selective, and the contract is part of a call-off from a framework agreement. The tender period closed on 1 March 2021, and the contract commenced on 1 April 2021, with an expected completion date of 31 July 2021. The contract value is set at £18,240, with a minimum value of £15,200.

This opportunity presents significant potential for growth for businesses adept in auditing services, particularly small and medium enterprises (SMEs) that can demonstrate their expertise and independence in conducting audits. Eligible businesses should showcase their qualifications to support the NAO's assessment criteria under ISA 620. The scope involves reviewing methodologies and valuations related to land and property liabilities, making it ideal for firms with experience in undertaking comprehensive audits within the public sector.

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Notice Information

Notice Title

Highways England KF L&P 2020-21

Notice Description

The supplier will provide their proposals including details of their team's expertise and independence to carry out the work in early April for the NAO. The NAO will provide the necessary evidence and selected samples for the supplier in mid-April (contingent on Highways England's provision of these items to the NAO), and will liaise with Highways England where further explanations or assumptions are required. The supplier will complete its work through April and May on the below: * Review of VOA's methodology for calculating the land and property liabilities and confirmation that this is in line with the Compensation Code. * The supplier will review a sample of 5 valuations supporting land and property provisions to assess whether, based on the information provided in the detailed valuation, the key assumptions and judgements are materially consistent with the Compensation Code in terms of providing a reasonable estimate for HE valuation on the anticipated forecast outturn cost to settle compensation. This should also confirm that the area of land included in the liability is appropriate. These valuations will, depending on sample selection, cover multiple properties (e.g. where they cover the acquisition area for a whole road scheme) and so some degree of consideration of items contributing to the overall valuation may be necessary in these larger samples, as opposed to them being tightly restricted to a single property. Regardless of item size, we would in each case be looking for the auditor's expert to assess the material reasonableness of the valuation in question. Supplier to produce a report on their findings on the above work not later than late May 2021, with early delivery preferred. This report will be compliant with the technical standards applicable to this type of work and will contain reference to their qualifications to support the NAO in our assessment of the contractor as auditor's experts under ISA 620. The report should include confirmation of the contractor's independence to act as an auditors' experts. This should include details of any interests and relationships that may create a threat to the contractor's objectivity. NAO will pay undisputed invoices within 30 days of receipt of the final report output.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-10290e59-7a2b-4542-bf19-87f5c2b97447
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b8710bc5-bf23-4231-94b1-d73620784f03
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79212000 - Auditing services

Notice Value(s)

Tender Value
£18,240 Under £100K
Lots Value
Not specified
Awards Value
£18,240 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
21 Oct 20214 years ago
Submission Deadline
1 Mar 2021Expired
Future Notice Date
Not specified
Award Date
15 Mar 20214 years ago
Contract Period
31 Mar 2021 - 31 Jul 2021 1-6 months
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
NATIONAL AUDIT OFFICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1W 9SP
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
Pimlico North
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

FRANK KNIGHT

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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