Award

GEN_22_104 Financial Instruments

NATIONAL AUDIT OFFICE

This public procurement record has 2 releases in its history.

AwardUpdate

19 Mar 2025 at 14:47

Award Notice
Award

17 Apr 2023 at 11:27

Award Notice
Summary of the contracting process

The National Audit Office (NAO) has completed the tender process for the Financial Instrument Framework titled "GEN_22_104 Financial Instruments". This procurement is categorised under Financial Auditing Services (CPV code: 79212100) and is valued at £3.2 million including VAT, covering a four-year period from 1st April 2023 to 31st March 2027. Notably, the framework has been extended for an additional 12 months until 31st March 2026. The procurement method employed was an open procedure (above threshold) and the buyer is based in London, England.

This tender provides substantial opportunities for businesses specialising in financial auditing services to collaborate with a significant public entity, the NAO. Large-scale firms such as Ernst & Young LLP, which has already been awarded a place on the framework, are exemplary candidates due to their extensive expertise and capability in providing specialist advice, training, and support for audit sectors. This framework is an excellent avenue for businesses to expand their service reach and enhance their portfolio within the public sector.

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Notice Information

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 March 2025, the framework has been extended by 12 months from Tuesday 1st April 2025 to Tuesday 31st March 2026.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1b473c19-7f3b-4345-94cf-d70e12b1f5a9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/58981a8f-03fb-4980-9426-6f2483f49320
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
£3,200,000 £1M-£10M
Lots Value
Not specified
Awards Value
£3,200,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
19 Mar 202511 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

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

ERNST & YOUNG

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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