Award

External Audit Services - AWARD

UNIVERSITY OF SUNDERLAND

This public procurement record has 2 releases in its history.

AwardUpdate

07 Jun 2023 at 08:00

Award Notice
Award

06 Jun 2023 at 16:50

Award Notice
Summary of the contracting process

The University of Sunderland is seeking external audit services covering its Sunderland, London, and Hong Kong subsidiaries. The services are expected to start from June 2023 for a 3-year period, extendable for two additional 12-month periods. The total previous spend was £175,000 per annum. The tender deadline for responses is 1700 hours on Tuesday 31st January 2023. The main procurement category is services under accounting, auditing, and fiscal services.

This procurement opportunity by the University of Sunderland presents a chance for qualified organisations with experience in financial auditing services to compete. The contract duration from 2023 to 2026 offers stability and potential for revenue growth to the successful bidder. Small and medium-sized enterprises (SMEs) with expertise in auditing services would be well-suited to respond to this open procedure tender.

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Notice Information

Notice Title

External Audit Services - AWARD

Notice Description

The University of Sunderland is looking for an External Auditor to provide its services across a number of subsidiaries which operate nationally and internationally in Sunderland, London and Hong Kong. For clarity the audit covers the companies registered in England and Wales which includes the Sunderland and London campuses but does not include the Hong Kong campus. The emphasis of this tender is to appoint an appropriately qualified organisation with suitable experience of the financial services required and an innovative approach throughout the life of the contract. External audit services are expected to commence from June 2023 to run for 3 years, auditing from our financial year 2022/23 to 2024/25 with a possible 2 x 12 months extensions. The previous spend has been PS175k per annum (excluding VAT where applicable) - note there are no guarantees on spend levels. We also reserve the right to spend an additional 50% of the original anticipated budget, subject to changes to requirements across the University, for the duration of the award. NOTE - OVER THE CHRISTMAS PERIOD 23RD DECEMBER TO 3RD JANUARY (INCLUSIVE) THE UNIVERSITY OF SUNDERLAND WILL BE CLOSED AND UNABLE TO ANSWER ANY QUESTIONS REGARDING THIS TENDER, HOWEVER WE WILL RESPOND UPON OUR RETURN TO WORK ON 4 JANUARY 2023 Please respond via Intend with your complete tender returns by 1700 hours on Tuesday 31st January 2023

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1ed7db32-ad07-46af-98b2-6f7a52ebbf60
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c8bdaffa-d714-447c-9177-eea2fae1d1ff
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
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79200000 - Accounting, auditing and fiscal services

79210000 - Accounting and auditing services

79211000 - Accounting services

79212000 - Auditing services

79212100 - Financial auditing services

79212300 - Statutory audit services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£875,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
7 Jun 20232 years ago
Submission Deadline
31 Jan 2023Expired
Future Notice Date
Not specified
Award Date
30 May 20232 years ago
Contract Period
31 May 2023 - 31 May 2026 3-4 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
UNIVERSITY OF SUNDERLAND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SUNDERLAND
Postcode
SR1 3SD
Post Town
Sunderland
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC44 Sunderland
Delivery Location
TLC North East (England)
Local Authority
Sunderland
Electoral Ward
Millfield
Westminster Constituency
Sunderland Central

Supplier Information

Number of Suppliers
1
Supplier Name

RSM RISK ASSURANCE SERVICES

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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