Award

GEN_22_104 Financial Instruments

NATIONAL AUDIT OFFICE

This public procurement record has 4 releases in its history.

AwardUpdate

09 Mar 2026 at 09:54

AwardUpdate

04 Mar 2026 at 14:54

AwardUpdate

19 Mar 2025 at 14:47

Award

17 Apr 2023 at 11:27

Summary of the contracting process

The National Audit Office (NAO), located in London, England, has completed the procurement process for the "GEN_22_104 Financial Instruments" framework, which falls under the financial auditing services category (CPV code: 79212100). The procurement was an open procedure above the threshold amount. The contract has been awarded to multiple suppliers, including Ernst & Young LLP, for a total value of £6.4 million including VAT, covering a contract period from 1st April 2023 to 31st March 2027. The framework includes two 12-month extensions with the most recent extension arranged to conclude on 31st March 2027. The procurement process was concluded with the award made active on 25th January 2023, and the relevant award notice was published on 17th April 2023.

This tender presents significant opportunities for growth, particularly for large businesses capable of providing specialised financial instrument services, training, and advisory. The framework offers a robust platform for service providers to support NAO in auditing, with an expansive contract value of £6.4 million, which could be particularly appealing to firms looking to strengthen their governmental collaboration portfolios. Although the framework is not specifically aimed at SMEs or VCSEs, large enterprises with experience in financial auditing services will find this an ideal venue to leverage their expertise and grow their business presence within the public sector in the UK.

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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-b5fd17-1b473c19-7f3b-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
£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 20265 days 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

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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