Tender

Co-Sourced Internal Audit Services

DURHAM UNIVERSITY

This public procurement record has 1 release in its history.

Tender

15 Apr 2021 at 11:30

Tender Notice
Summary of the contracting process

Durham University is seeking to establish a contract for Co-Sourced Internal Audit Services through an open procurement process, with a total contract value of £210,000. The procurement initiative is currently in the tender stage, having been published on 15 April 2021, and is open for responses until 17 May 2021. The contract is expected to commence on 1 August 2021 and last until 31 July 2024. This opportunity falls within the internal audit services category and is located in Durham, England (postal code DH1 3LE). Interested parties can express their interest via the provided link to the tender notice.

This tender represents a significant opportunity for professional services firms specialising in internal audit and business strategy, particularly those with experience in organisational transformation and risk management. Businesses that are agile and can adapt to evolving priorities will be well-suited to compete for this contract. Additionally, small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to participate, as the procurement has a focus on inclusivity and support for diverse suppliers.

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Notice Information

Notice Title

Co-Sourced Internal Audit Services

Notice Description

The University wishes to establish a contract with a professional services firm to provide co-sourced internal audit services as required by the Director of University Assurance Service (UAS). We would expect the incoming provider to have expertise in business strategy and capability as well as experience in supporting organisations through transformation and being a catalyst and enabler for change. The core of the work is likely to be risk-based audit work, with an emphasis on the design and operation of controls and embedded assurance. The Supplier may also be asked to conduct independent review investigations where circumstances require this, and to support capacity gaps within the internal team. The University wishes, however, to maintain a flexible approach to this arrangement to enable the UAS to respond in an agile way to the University's changing business priorities and risks. This may include providing advisory work, analytical support for audit work completed by the in-house team, developing embedded (continuous) audit procedures, project assurance for new system developments or support for forensic investigations (where required). To express an interest in this tender, please click the following link: http://events.transaxions.com/service.aspx?event=6823

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1af07297-1151-404f-86e7-6b0c278fa231
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/13e60fb0-fab3-4d44-ac8d-8bf437294022
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

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
£210,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Apr 20214 years ago
Submission Deadline
17 May 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Jul 2021 - 31 Jul 2024 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DURHAM UNIVERSITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DURHAM
Postcode
DH1 3LE
Post Town
Durham
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC41 Durham
Delivery Location
Not specified
Local Authority
County Durham
Electoral Ward
Durham South
Westminster Constituency
City of Durham

Further Information

Notice Documents

Notice URLs

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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