Award

Financial Audit Frameworks 2019 Bundle 5 Museums and Galleries

NATIONAL AUDIT OFFICE

This public procurement record has 1 release in its history.

Award

20 Nov 2019 at 11:46

Award Notice
Summary of the contracting process

The National Audit Office has completed a procurement process for the tender titled "Financial Audit Frameworks 2019 Bundle 5 Museums and Galleries," which pertains to financial auditing services. This contract, which was awarded on 18 September 2019, involves the delivery of financial statement audits for various esteemed institutions, including the Tate Gallery and the British Museum, for the audit cycles covering 2019-20 and 2020-21. The contract value is £1,036,800, and the contract period spans from 31 October 2019 to 30 October 2021. The procurement was conducted through a selective method, specifically as a call-off from a framework agreement, and the tender period had a deadline of 30 September 2019.

This tender presents significant opportunities for large audit firms capable of managing substantial public sector contracts. Companies with expertise in financial auditing, particularly those experienced with public institutions and museums, would be well-suited to compete for similar contracts. The awarded supplier, Grant Thornton LLP, exemplifies the type of large-scale firm able to engage in such significant procurement contracts. Engaging in this sector could foster growth for businesses looking to expand their portfolio in public sector services.

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Notice Information

Notice Title

Financial Audit Frameworks 2019 Bundle 5 Museums and Galleries

Notice Description

Delivery of the financial statements audits for the 2019-20 and 2020-21 audit cycles for the following bodies: Tate Gallery - British Museum - National Museums Liverpool - The Royal Hospital Chelsea - Royal Botanic Gardens, Kew - Imperial War Museum - Greenwich Hospital - Travers Foundation - National Museum of the Royal Navy For each audit cycle, and for each of the accounts the following outputs are required: * Audit Planning Report; * ISA-compliant audit; * Shadow audit certificate; * Audit Completion Report and Management Letter; and * Attendance at audit committees.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-17879582-d6ac-491e-987f-a6b2a139e4c9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/abe5b8a6-e92b-460a-bc0d-d30bf1856a74
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
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
£1,036,800 £1M-£10M
Lots Value
Not specified
Awards Value
£1,036,800 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
20 Nov 20196 years ago
Submission Deadline
30 Sep 2019Expired
Future Notice Date
Not specified
Award Date
17 Sep 20196 years ago
Contract Period
31 Oct 2019 - 30 Oct 2021 2-3 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
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

GRANT THORNTON

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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