Award

GEN_22_104 Financial Instruments

NATIONAL AUDIT OFFICE

This public procurement record has 4 releases in its history.

AwardUpdate

09 Mar 2026 at 10:14

AwardUpdate

05 Feb 2026 at 14:22

AwardUpdate

19 Mar 2025 at 14:50

Award

17 Apr 2023 at 11:26

Summary of the contracting process

The National Audit Office (NAO) has completed the procurement process for the "GEN_22_104 Financial Instruments", placing several suppliers onto a Financial Instrument Framework specifically designed to furnish financial auditing services within the United Kingdom. The procurement follows an open procedure (above threshold). The framework, managed by NAO located at Buckingham Palace Road, London, commenced on 1st April 2023 and will now extend until 31st March 2027, following recent amendments allowing a 12-month contractual extension as of February 2026. Noteworthy adjustments have been made to the contract value twice: first increasing to £4.8m including VAT in March 2025, and later up to £6.4m including VAT by January 2026.

This framework presents lucrative opportunities for large businesses proficient in financial auditing services. Although not targeted at small or voluntary organisations, the framework offers significant annual revenue of £800k plus VAT, totalling £6.4m including VAT for the entire contract, making it suitable for large, experienced firms capable of providing specialist advice and training to enhance audit support to NAO. Businesses like Mazars LLP, already identified as suppliers, can leverage their expertise to foster growth while ensuring high-quality auditing services within the UK sector.

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Notice Title

GEN_22_104 Financial Instruments

Notice Description

The National Audit Office has awarded a place to multiple suppliers onto a Financial Instrument Framework to provide Financial Instrument Services for the provision of specialist advice, training and expertise to support the NAO audits sector. The selected supplier now has a place on the Framework which has the contract value of PS3.2m including VAT (PS800k per annum) over a period of four years including 2, 12-month extensions. As of January 2025, the value of the framework was varied up to 50% PS1.6m including VAT increasing the overall framework value to PS4,8m including VAT. As of March 2025, the framework has been extended by 12 months from Tuesday 1st April 2025 to Tuesday 31st March 2026. As of January 2026, the value of the framework was varied up to 50% PS1.6m including VAT increasing the overall framework value to PS6,4m including VAT. As of February 2026, the framework has been extended for the final time by 12 months from Wednesday 1st April 2026 to Wednesday 31st March 2027.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-11681b9f-c923-496c-a234-b9b0c67c0133
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/72a8c049-216f-459e-9991-879360229ccc
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
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

79212100 - Financial auditing services

Notice Value(s)

Tender Value
£6,400,000 £1M-£10M
Lots Value
Not specified
Awards Value
£6,400,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
9 Mar 20261 months ago
Submission Deadline
19 Dec 2022Expired
Future Notice Date
Not specified
Award Date
25 Jan 20233 years ago
Contract Period
31 Mar 2023 - 31 Mar 2027 4-5 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
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

MAZARS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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