Award

NBIT Financial Assurance Services

POST OFFICE LIMITED

This public procurement record has 1 release in its history.

Award

13 Jun 2024 at 06:06

Summary of the contracting process

The Post Office Limited has awarded a contract worth £1,900,000 for NBIT Financial Assurance Services to Ernst & Young LLP. The procurement method was selective, calling off from a framework agreement. The contract period runs from December 9, 2022, to December 8, 2024. The tender period ended on December 5, 2022, and the location is in London (EC2V 7ER). The industry category is accounting, auditing, and fiscal services.

This contract presents an opportunity for businesses in the accounting, auditing, and fiscal services sector to engage with Post Office Limited. Small and medium-sized enterprises (SMEs) are particularly well-suited for this opportunity. The contract aims to provide financial assurance services, creating a potential growth avenue for service providers in this industry. Interested parties can contact Procurement@postoffice.co.uk for further details on engaging as a supplier.

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Notice Title

NBIT Financial Assurance Services

Notice Description

Post Office is undertaking a programme of assurance work, following the "three lines of defence" approach, which will include assurance focusing on the financial integrity of the system and services. As part of the "three lines of defence" approach, Post Office wishes to engage a 3rd Party supplier, to provide additional comfort that the objectives are being met, and that the appropriate systemic processes and controls are in place such that the POL Financial Control Objectives will continue to be met on an ongoing basis.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2233c7cd-ef32-4f44-9ca3-882738a5a480
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e9729277-7a57-4be8-875b-ca0c08a5780c
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79200000 - Accounting, auditing and fiscal services

Notice Value(s)

Tender Value
£1,900,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,900,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Jun 20241 years ago
Submission Deadline
5 Dec 2022Expired
Future Notice Date
Not specified
Award Date
5 Dec 20223 years ago
Contract Period
9 Dec 2022 - 8 Dec 2024 2-3 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
POST OFFICE LIMITED
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
EC2V 7ER
Post Town
Central 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
City of London
Electoral Ward
Bassishaw
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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